Slide 2: Use the BLOC to Manage Your Money

managing your money

Making Your Money Work for You

If you have any debt (or if you are financing home improvement), you should never let your money sit idle in a bank checking account.

Money sitting in your checking account is not working for you; it is only making money for the bank.

For this demonstration:

let's say that your monthly net income is $5,000 (paid in two increments bi-monthly) and your monthly living expenses are $4,000.

(we will demonstrate how this program can be used for home improvement)

Your bank checking account would look like this:

managing your money

Why Let the Bank Use Your Money

What the diagram illustrates is that the bank had access to your positive account balance throughout the month paying you zero or little interest for that use.

Banks then turn around and use that money to lend to consumers and businesses at higher rates.

How about letting you use the money

the "Banker" credit line program will work just like a bank by using your positive cash balance to finance home improvement and other life-events.

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Date From To Withdrawal Deposit Balance
July Pay Direct Deposit   $2500 $2500
July Checking Mortgage Pay $1250   $1250
July Checking Living $1000   $250
 
July Pay Direct Deposit   $2500 $2750
July Checking Auto Loan $500   $2250
July Checking Living $500   $1750
July Checking Living $750   $1000
Ending Month $4,000 $5,000 $1,000

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