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Lauren Perez

Credit Card, Banking, Savings and Retirement Expert

Lauren Perez writes on a variety of personal finance topics for SmartAsset, with a special expertise in savings, banking and credit cards. She is a Certified Educator in Personal Finance® (CEPF®) and a member of the Society of American Business Editors and Writers. Lauren has a degree in English from the University of Rochester where she focused on Language, Media and Communications. She is originally from Los Angeles. While prone to the occasional shopping spree, Lauren has been aware of the importance of money management and savings since she was young. Lauren loves being able to make credit card and retirement account recommendations to friends and family based on the hours of research she completes at SmartAsset.

Posts by Lauren Perez:

by Lauren Perez May 24, 2018

When browsing a bank’s account options, you’ve probably come across certificates of deposit, or CDs. These are time sensitive accounts that grow your initial deposit for a given amount of time, depending on your preferences. In these CDs, your money grows according to a set interest rate at the time of account opening. This rate is set by the issuing bank and can fluctuate with the interest rate economy. A market-linked CD, however, works a little differently. Read more

by Lauren Perez May 22, 2018

When it comes to saving your money, you have a number of account options. You might first think of a simple savings account that allows your money to grow according to a set interest rate. You also have the options of choosing a money market account or a certificate of deposit (CD). A money market account is like a mix of a savings account and a checking account. A CD on the other hand, doesn’t offer much flexibility in accessing your money with set term and withdrawal limits. Read more

by Lauren Perez May 16, 2018

Having a savings account is incredibly important to your financial health. It keeps your money safe and grows your savings according to set interest rates. Typically, you can have a savings account alongside your checking account for automatic transfers and overdraft protection. But there’s also another type of account that works like a hybrid of savings and checking accounts. This is the money market account, which earns at favorable interest rates and can include an ATM card. In this guide, we’ll break down the difference between a money market account vs. a savings account. Read more

by Lauren Perez May 09, 2018

When choosing whether to open a bank account with Ally Bank or Capital One, it really comes down to whether you want access to physical branches when you bank. Ally Bank is an entirely online… Read more

by Lauren Perez May 04, 2018

There are special banking opportunities for those who have served our country in the military, are currently serving or for the families of these individuals. Two such options are Navy Federal Credit… Read more

by Lauren Perez May 02, 2018

The main plus of having a bank account with a big bank is the widespread access you have to your money. Both Wells Fargo and Bank of America provide their customers with thousands of ATMs and… Read more

by Lauren Perez Apr 05, 2018

No matter your age, you’ve probably dreamed of retiring on a sandy beach somewhere at some point. Perhaps you’ve started planning your retirement in Florida or San Diego. But have you ever thought… Read more

by Lauren Perez May 15, 2018

Many people dream of spending their retirement in a sunny and warm locale, often heading to Arizona or Florida. But perhaps you’re interested in retiring abroad instead of stateside. In fact, heading… Read more

by Lauren Perez Apr 11, 2018

Whether you’re new to investing or have been doing it for years, mutual funds offer a great way to invest your money. It allows you to invest in multiple stocks and bonds without the hassle of… Read more

by Lauren Perez Mar 22, 2018

When you place your investments in the care of an investment manager or advisor, you’ll often run into various fees. The advisor can charge you a percentage of your assets, a transaction fee per… Read more

by Lauren Perez May 21, 2018

It can be hard to start a search for a new bank. Nowadays, there are so many banks to choose from, with online banks adding their names to the ranks of big banks. But if online banking isn’t for you,… Read more

by Lauren Perez Mar 12, 2018

Money market accounts offer a unique way to save and spend your money. They act as a mix of a savings account and a checking account. This means you can earn interest on your money market account… Read more

by Lauren Perez May 21, 2018

Whether you’re new to banking or looking to switch banks, you’re probably familiar with Chase and Bank of America. These are two of the biggest names in the banking industry. Each has similar product… Read more

by Lauren Perez Mar 02, 2018

More and more consumers are choosing to go digital when it comes to their banking institution and are selecting online-only banks. Two of the better names out there when it comes to online-only… Read more

by Lauren Perez May 18, 2018

Many people dread tax season. But if you’re expecting a tax refund, at least you’ll have something to look forward to. With your extra funds, you may be able to buy a new car or pay off some debt.… Read more

by Lauren Perez Apr 25, 2018

Editorial Note: This content is not provided by American Express. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been… Read more

by Lauren Perez Nov 13, 2017

It can be worrisome to think about your retirement savings if you’re self-employed or work for a small business. You don’t have to go without retirement savings, though. That’s where a SEP IRA comes… Read more

by Lauren Perez Nov 06, 2017

Ever wondered whether you could donate leftover money to charities after you pass away? A charitable remainder trust allows you to do just that. Not only can you donate to charities, but you can… Read more

by Lauren Perez Apr 13, 2018

Ever heard of the financial services industry? Even if you haven’t, you’ve probably interacted with this industry almost every day. Whether you’re an investor, a homeowner, a credit cardholder or… Read more

by Lauren Perez May 15, 2018

Depending on where you are in life, retirement may be just around the corner or pretty far off. But for some, retiring at 62 seems too late. Maybe you want to enjoy your retirement and travel the… Read more

by Lauren Perez Oct 25, 2017

The will and knack to get into investing doesn’t come naturally to everyone. Just one look at the stock market can scare anyone away! It’s true that investing in stocks comes with potential risks.… Read more

by Lauren Perez Oct 24, 2017

People often think of buying stocks as a high-stress situation. And in many scenarios, that may be the case. When you get into short-term investing, you’re constantly buying and selling your stocks… Read more

by Lauren Perez Oct 30, 2017

You’ve worked hard for decades of your life, putting in hours of work and paying taxes like the upstanding citizen you are. You’re ready for retirement – who isn’t? You can’t wait to sit back and… Read more

by Lauren Perez May 18, 2018

You might associate joint bank accounts with married couples or couples who live together. While those are common situations when a joint bank account can work, there are a number of other… Read more

by Lauren Perez Nov 07, 2017

In this economy, it seems like more and more of us are looking for a way to earn passive income. Whether we need to pay off credit card debt or just need some extra cash, passive income could come in… Read more