This is the Ramsey Call of the Day, part of the Ramsey Network.

Our question of the day comes from Ryan in Arkansas.

Jade, you want to take it?

I'll take it.

He says I'm 45 years old.

I'm married with two children under 12 and completely debt-free.

I took a new job a year and a half ago making 100K a year and my wife is a stay-at-home mom.

The nature of my job requires me to be on call and close to work, leaving me little choice but

to pay a premium rent of 2,000 per month. We are currently watching the housing market and still

learning the area and are stocking money away to buy a home. I have $45,000 in the bank doing nothing

for me, but I've been hesitant to invest as we would like to have the money available should a home

come up that we can buy. I've been told that cash in savings in a savings account is like melting ice.

What do I do with it? Hmm. Well, in this situation, you know, when it comes to saving for a house,

it's a little bit different than just, you know, any other money that you're putting aside.

You know, typically we wouldn't invest the money that you're

saving for a house unless you know the timeline is, you know, five years or more. Although, Dave,

I've heard you say that a lot of times you'll just pop some money in an index fund and let it sit

there and grow if you, you know, know what you might use it for. I particularly don't have the stomach

for that. I'd probably put it in the HYY-S-A and just get the best return on it that I possibly could

for the time being because it sounds like you're kind of in that moment where if the right

thing comes open, you're ready to jump on it.

So yeah, I would keep it out of the market and I would put it in a high yield savings account, maybe put it, you know, I've heard Dave say that he'll put it in a CD, that sort of thing.

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