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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

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Why Smart Entrepreneurs Form LLCs

By Sabado Domingo

When you start your company, it is usually classed under sole proprietorship. With a sole proprietorship, you have full control over your business and its assets, as well as enjoying very little paperwork to file with state and national agencies. But ...

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September 25, 2020

Good to Know: The 5 Criteria That Determine Your Credit Score

By Len Penzo

Your credit score is a financial report card that tells lenders how risky it is to do business with you. Scores range from 300 to 850.The higher your score, the more likely you are to pay back a loan -- and that means that lenders will be more ...

Continue reading Good to Know: The 5 Criteria That Determine Your Credit Score

September 24, 2020

Why It’s Important to Insure a Rental Property

By Sabado Domingo

An investment property is likely to initially cost more than a single-family home. Buyers don't get the loan benefits of buying an owner-occupied property. Plus, multiple residents increase the likelihood of accidents and structural damage to the ...

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September 23, 2020

Here’s an Easy Way to Save $1500 Per Year – Just By Doing Your Laundry

By Len Penzo

Nobody likes doing the laundry. Well, at least nobody I talk to. I know for a fact that the Honeybee never looks forward to laundry day. Even so, she won't let me come anywhere near the washing machine because she hates the way I do laundry. ...

Continue reading Here’s an Easy Way to Save $1500 Per Year – Just By Doing Your Laundry

September 21, 2020

Black Coffee: Revenge of the Fed

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. Despite the continuing economic ...

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September 19, 2020

Greed Is Good: 7 Surprisingly Wise Rules of Acquisition

By Tex Freitag

Before we begin, let's make one thing clear: superhero movies and space operas are not science fiction -- they are science fantasy at best, and I'm not very sure about the "science" part in most cases. True science fiction is not always ...

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September 18, 2020

How Do I Choose the Best 0% Purchase Credit Card?

By Len Penzo

A 0% purchase credit card offers zero interest on purchases for an introductory time period. After this period expires, any outstanding balances are charged a standard interest rate. Here are some important points to consider when finding the best ...

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September 17, 2020

How to Save Money on Your Next Vehicle Upgrade

By Sabado Domingo

In these difficult economic times, you may feel that you have to delay getting any upgrades for your vehicle. If you're struggling to pay the bills or set aside savings, then you're right. You should put off getting upgrades or add-ons until the ...

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September 16, 2020

The Best Household CEOs Understand the Importance of Saying ‘No’

By Len Penzo

By most accounts, there are more than 250,000 words in the English language. Of course, I have my favorites. For example, I've always been quite fond of platypus; I smile every time I hear myself say it. For some reason, there happens to be ...

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September 14, 2020

Black Coffee: America’s Coming ‘Eat Your Peas’ Moment

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. Summer is in its waning days, and for ...

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September 12, 2020

What Is a 0% Purchase Credit Card?

By Len Penzo

As the name implies, a 0% credit card offers 0% interest on purchases for an introductory time period -- typically from 6 to 12 months. After the intro period expires, any outstanding balances are charged a standard interest rate. Avoid getting a ...

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September 10, 2020

3 Ways to Ensure Your Mortgage Loan Gets Approved

By Enero Febrero

Buying a home is a significant financial investment and it could be potentially stressful because of the long processes involved. Getting your dream house is often a major hassle in itself -- sometimes you'll find a house you love but it won't be ...

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September 9, 2020

4 Good Reasons Why Some Quarters Are Painted Red

By Len Penzo

Every once in awhile I'll come across something a bit arcane that will catch my eye and really make me wonder. For example, consider the pattern on the back of this cat: I know; I can't believe it either. I'll never forget the time I ...

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September 7, 2020

Black Coffee: Close Enough for Government Work

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. The Labor Day weekend is here! But ...

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September 5, 2020

How Do I Choose the Best Rewards Points Credit Card?

By Len Penzo

There is no magic to selecting the right reward points card. In fact, it basically comes down to just a few basic steps: Identify your most important perk. For example, if you're not interested in traveling, then consider a cash dividends or ...

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September 4, 2020

3 Ways to Save Your Small Business Time and Money

By Sabado Domingo

Nowadays it's not enough to simply offer a good product or service. Small businesses must also be savvy with their finances, learning when to spend and when to save in order to maximize the return on all their investments. If you own a small ...

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September 3, 2020

5 Telltale Signs That You’re Headed for a Credit Crisis

By Sabado Domingo

You don't have bad credit -- yet. However, anyone can make a mistake that leads him or her down the wrong credit path. Fortunately, bad credit isn't usually something that develops overnight; instead, credit errors compile over time to transform a ...

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September 2, 2020

18 Facts You Didn’t Know About the National Debt

By Len Penzo

I know that Halloween is still more than a month away, but it won't be long before people will once again be looking for ways to scare the pants off unwitting friends and family members. One way to do that without having to dress up like a ghost ...

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August 31, 2020

Black Coffee: Calling Out the Legal Looters

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. Whenever destroyers appear among men, ...

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August 29, 2020

Common Mishaps to Avoid When Holding a Video Conference

By Enero Febrero

In order to be successful, every business meeting should be planned in advance; and a virtual meeting held by video conference is no different than a traditional meeting. This is more important than ever now that COVID has forced most business ...

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August 28, 2020

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