use the equity in your home to become a BANK to pay for
- and pay for tuition,
- room and board,
- books and supplies,
- transportation,
- and anything you need at college,
by simply changing the ways you manage your money.
Instead of using your checking account to receive and pay out funds, you will use your home equity line of credit account for all income deposits and expense pay outs.
View the illustrations below: |
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Use your equity line to pay for college expenses minus the financial aid awarded:
- pay tuition
- pay room and board
- pay for supplies
- pay for misc. needs
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You will take all of your income sources and deposit them into your equity line account instead of your checking account. Deposit:
- salary income
- capital gains
- savings
- spare change
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Use your banker home equity account to pay for everyday budgeted and planned expenses such as:
- monthly bills
- food and clothing
- mortgage payment
- budgeted card charges
- budgeted debt charges
- other living expenses
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Your discretionary income (the income amount minus your expenses) remains into your banker home equity line account to lower the debt balance.
Over time, you will be able to pay off your financing debts in half the time by budgeting and managing your banker home equity line.
You can also use your banker account to finance other needs such debt payoff, a new car, home improvement, and other. |
First Step:
view this quick 10-point slide show that demonstrates how the Banker Line of Credit works: go to slide show
Second Step:
you would like to pay for college:
go to college funding options
Third Step:
use this 10-step success plan for implementing and managing your BLOC: view 10-step success plan
Fourth Step:
see how the BLOC can be used to pay off your mortgage: view mortgage payoff plan
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