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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

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Responsible Casino and Gambling Tips: How to Stay Within Your Budget

By Tex Freitag

Many of us like to gamble with luck every once in a while. But when that pastime becomes a habit, it can be very harming to your budget. Therefore, it is crucial to come up with a good strategy before you start gambling and leave all your money to ...

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February 19, 2021

Starting a Side Hustle? Ask Yourself These Questions

By Corazon Gritar

When you're starting a small business as a side hustle, there will be many details that you can potentially invest your money in, from packaging to shipping to marketing materials, and it can be hard to determine what is and isn't worth it. This post ...

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February 19, 2021

Grandfather Says: A Chicken Run for the Henhouse

By RD Blakeslee

Grandfather says when he got engaged to be married in 2008, his bride-to-be insisted on bringing her cat and chickens with her. Well, housing the cat required no special arrangement, but the chickens were another matter. Grandfather says he ...

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February 18, 2021

6 Basic Steps to Help You Achieve Financial Freedom

By Tex Freitag

Financial freedom can be a difficult term to define, but at a very basic level it simply means controlling your own finances entirely. In order to gain financial freedom, you not only have to be free of debt, but also be able to provide for yourself ...

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February 17, 2021

25 Examples of Shrinkflation That No Longer Fool Consumers

By Len Penzo

Not too long ago I was preparing a recipe from an old cookbook that called for a couple of 7-ounce cans of tuna. After looking in the pantry, I was happy to see that I had exactly two cans of tuna -- until I remembered that tuna was one of the ...

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February 15, 2021

Black Coffee: It’s a Mad, Mad, Mad, Mad World

By Len Penzo

It's time to sit back, relax and enjoy a little joe ... Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what's been going on in the world of money and personal finance. I hope everybody had an enjoyable week. ...

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February 13, 2021

How Do I Choose the Best Balance Transfer Credit Card?

By Len Penzo

A balance transfer credit card is a great way to consolidate debts spread across multiple credit cards by transferring them to a single credit card account. The most important consideration in choosing the best one for you depends on how you plan to ...

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February 12, 2021

The Best Day Trading Strategies for Beginners

By Tex Freitag

Day trading is becoming increasingly achievable for investors with a feel for the financial markets and a good handle on global commerce. Day trading relates to buying and selling the same stock or share on the same day, sometimes even multiple ...

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February 10, 2021

How to Become Debt Free in 4 Easy Steps

By Enero Febrero

If you're paying off one or more debts, you're probably sending off at least the minimum payment, or just a little more, each month. If that sounds like you, then you probably feel as though you may never get to that final payment; this can be ...

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February 8, 2021

The 10 Worst Things I Ever Bought

By Len Penzo

Most of us have no trouble remembering the best things we ever bought. The worst things are another matter. Anyway, here's my list. How does it compare to yours? 1. My first house Purchase Date: 1990 Purchase Price: $114,000 Inflation ...

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February 8, 2021

Black Coffee: Paper Lies and Broken Promises

By Len Penzo

It's time to sit back, relax and enjoy a little joe ... Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what's been going on in the world of money and personal finance. Let's get right to this week's ...

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February 6, 2021

How Does Commercial Liability Insurance Differ from Other Liability Insurance?

By Tex Freitag

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You always need to make sure that you have the right set of insurance policies on your side as a business owner. When looking into the ones that you need, you might often find repeating terms such as liability. Do you really need multiple liability ...

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February 4, 2021

The Real Secret to Becoming Rich as a King

By Len Penzo

I've always loved chess; I started playing the game at the tender age of seven and quickly fell in love with its intoxicating combination of tactics and strategy. Although I don't play chess as much as I'd like today, whenever I have the opportunity ...

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February 3, 2021

The 9 Biggest Rules for Dating on a Budget

By Mikey Rox

For most people, dating is fun. However, dating isn't cheap, and depending on what you two like to do, it can take a sizable toll on your finances. Back in the day, taking your date to a fancy restaurant and an extravagant activity meant you ...

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February 2, 2021

The Big Secret the Banking Industry Doesn’t Want You to Know

By Len Penzo

Because lending money costs a bank absolutely nothing, banks are fundamentally unlike any other business in some ways. Yes, lending money costs the banks nothing. Think about it: Thanks to fractional reserve banking, the banks get to create the ...

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February 1, 2021

Black Coffee: Damn the Torpedoes

By Len Penzo

It's time to sit back, relax and enjoy a little joe ... Welcome to another rousing edition of Black Coffee, your off-beat weekly round-up of what's been going on in the world of money and personal finance. Another busy week is crossed off the ...

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January 30, 2021

Payday Loans vs. Installment Loans: The Pros and Cons of Each

By Sabado Domingo

Payday loans are to installment loans as apples are to oranges. The only similarity between these two types of loans is that they are both a specific amount of money that you must pay back by a certain time. Other than that, payday loans and ...

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January 29, 2021

Last Resort: How to Qualify for a Payday Loan If You Have Bad Credit

By Sabado Domingo

Many people need cash, but they're often too intimidated to ask because they're afraid of rejection or may have been rejected in the past. Although they should only be used as an absolute last resort -- primarily because they have extremely high ...

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January 27, 2021

7 Signs That Tell Smart Stock Market Investors It’s Time to Sell

By Mikey Rox

Nobody wants to be on the losing end of a stock market investment, but it happens. The good news is you can avoid potential financial devastation by recognizing a few key signs that often indicate when it's finally time to sell stock in a company. ...

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January 26, 2021

I’m Stumped: 7 Perplexing Money Questions Without a Good Answer

By Len Penzo

Did you know that back in 2013, then British Prime Minister David Cameron offered $1.54 million to the first person who could solve mankind's greatest challenge? He did. However, before the challenge could officially begin, he had to wait for an ...

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January 25, 2021

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