Home Equity | Step5: Budget Planning

— Step 5: Budget Your Spending —

You need positive discretionary income for the BLOC program to be successful.

This means your income must be greater than your monthly expenses. The higher your discretionary income, the faster the BLOC payoff.

If you're living from paycheck-to-paycheck, you need to conduct a budget analysis to reduce your monthly expenses.

Why Budget:

helps you keep track of your monthly expenditures
limits your spending to a pre-set amount
forces you to find alternative, less expensive items
allows you to set goals such as paying down your mortgage
prepares you for emergency spending

we have complete information on budget planning

use these budgeting worksheets to analyze monthly expenses

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