Never Let Your Income Sit Idle

Never let your income sit idle in your checking or money market accounts.

• all income and savings should be deposited into the BLOC account;
• all living expenses (including your mortgage payment) should be paid from the BLOC account.
  

Any excess income will be automatically applied to the BLOC balance, thus working instantly to reduce any related debt costs.

• pay tuition
• pay room and board
• pay for books and supplies
• pay for travel
  
  
• no government or college aid forms to file
• use the money as needed
• use pre-paid cards to manage expenses
  
  note: we will discuss this process in more detail in our 10-step success plan

• all credit card debt
• all auto loan debt
• all existing home equity loan debt
• all personal loan debt
  
  note: after you pay off existing debt, you need to have a remaining credit line of $20,000 or more for the BLOC program to work. Make sure you open a sufficient line of credit that pays off your debts and leaves open a $20,000 credit line balance for the BLOC use: calculate how much your line should be based on your LTV position
  

Note: The money used to pay the monthly debt payments will now be added as discretionary income for the BLOC program.