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Len Penzo dot Com

The offbeat personal finance blog for responsible people.

How Do I Choose the Best Prepaid Credit Card?

By Len Penzo

Not all prepaid cards are created equal. So how can you determine which card is the best one for you? Here are the most important considerations: Usage. The first order of business is to identify exactly how you intend to use the card. For ...

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November 4, 2020

What Is Forex and Why Is It So Popular?

By Sabado Domingo

With a daily turnover of $6.6 trillion, forex trading is by far the largest financial market in the world. There is a lot of money to be made in the forex market and you can even start your own forex journey without using your own money by utilizing ...

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November 4, 2020

Money, Freedom, and a Lesson on the Importance of Saving

By Len Penzo

One of money's best characteristics is its ability to bestow freedom upon those who possess it. Unfortunately, the amount of freedom that money provides is directly proportional to the amount of cash available -- not only in our wallet, but in our ...

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November 2, 2020

Black Coffee: A Chicken In Every Pot

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. Election Day is almost here and I need ...

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October 31, 2020

How Much Money Can You Make Teaching English Online?

By Len Penzo

Can you make money teaching English online? The simple answer is "yes," but first you have to consider the following four questions: How much money do you want to make? How qualified are you? How many hours are you willing to put in? Can ...

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October 30, 2020

5 Costly Shopping Habits That Drive My 13-Year-Old Daughter Crazy

By Lenina Penzo

(Editor's Note: This is a guest post from my daughter, Nina. It was originally published on November 19, 2012.) Hi again, everyone! Let me just take the time to start off by saying that my dad has been really busy and he needed to take a day ...

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October 29, 2020

What Is a Prepaid Credit Card?

By Len Penzo

A prepaid card offers an easy way for people who want to buy things using plastic -- but without the need for a bank account or credit card. In fact, they're used exactly like a normal credit card, but they rely on funds that are preloaded by you, ...

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October 28, 2020

How to Prepare for Retirement Medical Costs in 4 Easy Steps

By Sabado Domingo

How much should a person save for healthcare and medical expenses in retirement? To give you an idea, a 65-year-old couple retiring in 2020 could expect to spend nearly $300,000 throughout their retirement on these expenses alone. This does not ...

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October 27, 2020

8 Store Brand Items That Are Superior to Their Name Brand Twins

By Len Penzo

Even though buying store brands is a great way to save money on your grocery bill, many people refuse to try them because they believe they're automatically inferior to their name brand counterparts. That can be a costly assumption. Since my ...

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October 26, 2020

Black Coffee: Between a Rock and a Hard Place

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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October 24, 2020

7 Tips University Students Can Take Advantage of to Save Money

By Enero Febrero

College time is an expensive period of life. Lots of students have to pay for their tuition or repay credits. In addition, the rental fees are going up from year to year. Even if you are not a party person and dedicate all the time you have to study, ...

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October 23, 2020

Why Bragging About What You’re Going to Buy is Super Lame

By Paula Pant

A few months ago, my roommate and I were bonding over appetizers and drinks at a tapas restaurant when two men approached us. "Excuse me, ladies, can we join you?" It was the type of venue where strangers regularly chat with strangers filled ...

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October 22, 2020

Prepaid vs. Secured Credit Cards: What’s the Difference?

By Len Penzo

On the surface, prepaid and secured cards look a lot alike, but there are two key differences that you need to be aware of: Credit reporting. Unlike prepaid cards, secured credit cards are primarily used to help people build credit. That's because ...

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October 21, 2020

18 Frightening Facts You Didn’t Know About Halloween

By Len Penzo

I love Halloween. It's one of my favorite holidays -- and based upon its mass appeal, apparently I'm not alone. In fact, even though the wicked economy continues to put a scare into most people, when it comes to celebrating what was originally ...

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October 19, 2020

Black Coffee: The Wolf at the Door

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. First off, I want to thank everyone ...

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October 17, 2020

What Can I Do to Improve a Low Credit Score?

By Len Penzo

A low credit score can affect your life in more ways than you might think -- which is why it's important to maintain the highest score possible. If your credit score is less than optimal, here are the most effective ways to help you increase that ...

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October 15, 2020

5 Ways to Avoid Outspending Your Income in Retirement

By Sabado Domingo

Everyone looks forward to their golden years as a wonderful time of relaxation and enjoyment. It's a time to revel in the fruits of your labor, or volunteer if you feel like it. The last thing you want to do is to outspend or outlive your income in ...

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October 14, 2020

How Does a Secured Credit Card Work?

By Len Penzo

Secured credit cards are primarily used to help people build credit. Like any other regular credit card, a secured credit card comes with a credit line; as such, any payment activity is reported to the major credit bureaus. However, unlike a typical ...

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October 12, 2020

The Pros & Cons of Freezing Your Credit Report: Is It Really Worth It?

By Len Penzo

The humongous data breach in 2017 by Equifax that exposed the sensitive personal information of nearly 146 million Americans, greatly increased the risk of identity theft and financial fraud for those affected. Most people realize it's a risk that ...

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October 12, 2020

Black Coffee: Rest in Peace, Dad

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. There are far, far better things ahead ...

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October 10, 2020

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