Elizabeth Ayoola

Also, I want to mention that Kim can prioritize home repairs in terms of urgency. So what comes to mind is maybe she focuses on repairs that could become more expensive later if they aren't addressed immediately. For example, let's say you have mold somewhere in your house. That's probably going to be more urgent than a more aesthetic improvement like swapping out a light fixture.

And it can be a good idea to keep an emergency fund intact for unexpected expenses and then start a new savings fund for other things like home repairs.

And it can be a good idea to keep an emergency fund intact for unexpected expenses and then start a new savings fund for other things like home repairs.

And it can be a good idea to keep an emergency fund intact for unexpected expenses and then start a new savings fund for other things like home repairs.

I love the ideas of sinking funds and that is something honestly I don't do. I do have a savings account and I have a spending account and I usually pull from my spending account if I have something non-emergency to spend on. I also find that having too many accounts makes me dizzy. So Sean, how do you stay organized with all the accounts for all the things?

I love the ideas of sinking funds and that is something honestly I don't do. I do have a savings account and I have a spending account and I usually pull from my spending account if I have something non-emergency to spend on. I also find that having too many accounts makes me dizzy. So Sean, how do you stay organized with all the accounts for all the things?

I love the ideas of sinking funds and that is something honestly I don't do. I do have a savings account and I have a spending account and I usually pull from my spending account if I have something non-emergency to spend on. I also find that having too many accounts makes me dizzy. So Sean, how do you stay organized with all the accounts for all the things?

Oh, that makes sense. And I like the idea of having most of the accounts at the same bank. That feels a little less chaotic. All right. Our listener also had a question about whether they should keep money in a money market account or a high-yield savings account. Kim, can you talk to us first about what a high-yield savings account is? I find some people mistake them for investment accounts.

Oh, that makes sense. And I like the idea of having most of the accounts at the same bank. That feels a little less chaotic. All right. Our listener also had a question about whether they should keep money in a money market account or a high-yield savings account. Kim, can you talk to us first about what a high-yield savings account is? I find some people mistake them for investment accounts.

Oh, that makes sense. And I like the idea of having most of the accounts at the same bank. That feels a little less chaotic. All right. Our listener also had a question about whether they should keep money in a money market account or a high-yield savings account. Kim, can you talk to us first about what a high-yield savings account is? I find some people mistake them for investment accounts.

And I can quickly explain what money market accounts are. So they're essentially savings accounts that have features of your traditional checking accounts like debit cards and check writing features as well. Now that can be a con for some people, talking about myself here, because easy access can encourage spending.

And I can quickly explain what money market accounts are. So they're essentially savings accounts that have features of your traditional checking accounts like debit cards and check writing features as well. Now that can be a con for some people, talking about myself here, because easy access can encourage spending.

And I can quickly explain what money market accounts are. So they're essentially savings accounts that have features of your traditional checking accounts like debit cards and check writing features as well. Now that can be a con for some people, talking about myself here, because easy access can encourage spending.

Since the listener would be using the money for ongoing home repairs, though, a debit card could be helpful. Now, a downside to MMAs, or money market accounts, sometimes they have higher minimum deposit or balance requirements than high-yield savings accounts, and that could range from hundreds to thousands of bucks.

Since the listener would be using the money for ongoing home repairs, though, a debit card could be helpful. Now, a downside to MMAs, or money market accounts, sometimes they have higher minimum deposit or balance requirements than high-yield savings accounts, and that could range from hundreds to thousands of bucks.

Since the listener would be using the money for ongoing home repairs, though, a debit card could be helpful. Now, a downside to MMAs, or money market accounts, sometimes they have higher minimum deposit or balance requirements than high-yield savings accounts, and that could range from hundreds to thousands of bucks.

One other option that's more on the investment side of things is an Atomic Treasury account, which is available to open right in our free NerdWallet app. So basically, an Atomic Treasury account is an investment backed by the US government and typically offers a higher APY than a high-yield savings account.

One other option that's more on the investment side of things is an Atomic Treasury account, which is available to open right in our free NerdWallet app. So basically, an Atomic Treasury account is an investment backed by the US government and typically offers a higher APY than a high-yield savings account.

One other option that's more on the investment side of things is an Atomic Treasury account, which is available to open right in our free NerdWallet app. So basically, an Atomic Treasury account is an investment backed by the US government and typically offers a higher APY than a high-yield savings account.

The exact APY varies, but as an example, as of late April, you could earn a 4.39% APY on T-bills with the Atomic Treasury account. Now, they are slightly less flexible than an MMA or a savings account since they don't have debit cards or allow you to write checks, but you can withdraw your money at any time.