Don't Let Your Down Payment Sit There Doing Nothing | Real Life Planning Podcast Episode 85
Financial PlanningIn Episode 85 of the Real Life Planning Podcast, Vekevia Tillman-Jones, CFP®, MBA, gets real about a costly mistake too many future homeowners and house hackers make—leaving their down payment in a basic savings account earning next to nothing. She breaks down exactly how to earn more on your money without investing it, using smart, safe options like high-yield savings accounts.
" Good habits compound just like interest. So don't let your money sit on the sidelines.” - Vekevia Tillman-Jones
This week on Real Life Planning Podcast:
| 🏠 | Why your down payment savings shouldn’t sit in a low-interest account [00:01:34] |
| 🏠 | How much more can you earn with a high-yield savings account? [00:02:51] |
| 🏠 | Where can you compare rates and find the best options? [00:04:08] |
| 🏠 | What should you consider before opening a new savings account? [00:06:02] |
| 🏠 | How did Vekevia make her own home savings work smarter, not harder? [00:07:37] |
Takeaway Quotes:
"A high-yield savings account is a smart middle ground. You're not gambling—but you're not settling for pennies either." — Vekevia Tillman-Jones
"It’s not about the amount saved—it’s about being intentional with what you’ve got." — Vekevia Tillman-Jones
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About the Real Life Planning Podcast
Hosts Cynthia Meyer and Vekevia Tillman-Jones explore practical steps for real estate investors to build financial freedom and make working for someone else optional.
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