Cindy Perman

Maplewood, United States

Writer and Editor at Freelance

Contributing Editor at Bankrate

Formerly CNBC and WSJ. I'm a journalist who helps people to be smarter about their money and career. Syracuse grad. Doggo mom to Ginger. Backyard gardener.

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Articles

Can You Tackle Debt Relief On Your Own? Tips for DIY Debt Relief

2 weeks ago | bankrate.com | Whitney Nielsen |Cindy Perman

If you’re struggling with debt, you might wonder if tackling it on your own is truly possible. Managing your debt independently is possible, but it requires planning and discipline. Creating your own debt relief plan can be cost-effective, especially if you’re willing to contact creditors directly and closely monitor your finances. However, DIY debt relief isn’t your only option.
Should You Handle Debt Or Build An Emergency Fund First?

2 weeks ago | bankrate.com | Whitney Nielsen |Cindy Perman

There’s a reason financial advisors keep recommending you save money for emergencies. More than one in three Americans needed to tap their emergency savings in the past year, according to Bankrate’s 2025 Annual Emergency Savings Report. But when you’re juggling debt, putting money toward savings can feel overwhelming. Many feel paying down their balances would be more beneficial than adding money to savings.
Strategies For Savings Accounts Over $25,000

3 weeks ago | bankrate.com | Whitney Nielsen |Cindy Perman

This article does not represent the financial advice of Barclays. Individuals should consider their situation carefully before making financial decisions. Not all savings accounts are created equal — especially if you’re dealing with larger amounts. If you have $25,000 or more in your savings account, it’s time to think more strategically about where you park your money. Don’t settle for a basic savings account.
10 Best Money-Making Apps

1 month ago | bankrate.com | Rene Bennett |Cindy Perman |Dori Zinn |David McMillin

There are a variety of apps available for individuals to earn money through different means, such as cash back on purchases, completing tasks and providing services. Many of these apps are free to use, but some may charge a subscription fee or take a percentage of earnings. By utilizing money-making apps, individuals can make extra cash in their spare time, and potentially even turn it into a full-time income.
Combating The Racial Wealth Gap: 9 Money Moves to Secure Your Financial Future

2 months ago | bankrate.com | Sarah Foster |Cindy Perman

On average, Black Americans earn less than their white counterparts, which adds extra hurdles to accumulating wealth. The racial wealth gap has its roots in slavery and racist policies that Black families are still catching up from. Navigating this racial wealth gap means people of color will have to be extra savvy about their finances. For Black and Hispanic Americans, even personal finance can be a heartbreaking reminder of racial inequality.
How Many Bank Accounts Do You Need?

Feb 4, 2025 | bankrate.com | Matthew Goldberg |Cindy Perman |Thomas Brock

The number of bank accounts you should have depends on your individual situation; only open accounts you need. It’s important to have at least one checking and savings account to stay on top of your finances. Research all the details of any account before opening it. Different deposit accounts can help you organize your financial life and achieve your money goals. The two basic accounts everyone should have is a checking account and a savings account.
Do's And Don'ts Of Saving During A Recession

Jan 29, 2025 | bankrate.com | Liz Hund |Cindy Perman |Emmanuel Nyame |Karen Bennett

Recessions are economically challenging times with a lot of uncertainty. A recession could lead to a reduction in your income or even job loss. Strategies to build your savings during a recession may involve adjusting your savings goals and cutting expenses, while paying down loans and avoiding additional debt. Getting into the habit of saving money takes discipline and can be challenging even during non-recessionary times. What is a recession and how does it affect your savings?
How To Reach Bank Customer Service Quickly

Jan 28, 2025 | bankrate.com | Rene Bennett |Cindy Perman |Thomas Brock

To avoid long call center holds, the best time to call customer service is at 7 a.m. Try using callbacks, customer service messages or chat as an alternative to being on hold with your bank. When you call your bank’s customer service line, you may be frustrated hearing an automated response informing you about “higher-than-normal call volumes” and “extremely long wait times.”Fortunately, there are steps you can take to avoid long waits and get the assistance you need in a timely manner.
Are Online Banks Safe?

Jan 17, 2025 | bankrate.com | Matthew Goldberg |Cindy Perman |Kenneth Chavis IV |Lena Borrelli

Online banks usually carry the same FDIC insurance as traditional banks. Because they don't carry the operating expenses of traditional banks, online banks can offer more competitive APYs and better rewards. Look for online banks with features that protect your data, such as multi-factor authentication, encryption, fraud monitoring and automatic sign-out.
How To Invest With CDs

Nov 27, 2024 | bankrate.com | David McMillin |Cindy Perman

CDs generally have fixed interest rates and offer higher yields compared with traditional savings accounts. You might want to consider locking in higher rates via a CD ladder before interest rates decline further. There are different types of CD strategies, such as laddering, a barbell or a bullet strategy. Investing in a certificate of deposit (CD) is one way to boost your savings.