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— Step 3: Start Using Your BLOC —
Use your BLOC as your money account

deposit all income:

all income earned such as pay, cash awards, bonuses, and cash gifts should be deposited (or paid) into your BLOC.

Note: you do not need to close your existing checking account. It may continue to function as your "writing checks" account.

However, the amount in your checking account should be minimal -- just enough to cover checks being written and to avoid accidental overdrafts.

Check with your bank servicing your BLOC whether your employer can automatically deposit income payments into your BLOC.

If no, have your income deposited into your checking account. You will then use your online banking to transfer checking deposits to your home equity line account.

pay all expenses (payments):

you will pay all of your living expense payments from your BLOC. This includes:

  • your regular monthly mortgage payment
  • your utilities bills
  • your insurance
  • your living expenses
  • all other personal expenses

go to Success Plan: Step 4


Home Equity Application


  • [view] 10-Step Success Plan
  • [view]SP3: Start Using
  • [view]SP10: Final Note
  • [view] Home Market Valuations
  • [view] Return to YourEquity