Have you been thinking about taking out a home equity line of credit (HELOC)? A HELOC is revolving line of credit that uses your home as collateral.

Because a HELOC is a line of credit, it may be easier to qualify for than something that’s unsecured, like a personal line of credit.

A secured line of credit means that if you default by not making payments, your lender is able to use the collateral (aka security) to recoup their money. In the case of a HELOC, your home could be seized and sold to repay the monies owed.

Christmas is not a surprise.

It comes around every year like clock work. It’s always on December 25th. There’s no getting around that.

This time of year I always get a little mad pissed off when I hear about the irresponsibility of some people. There’s only a few weeks left and they haven’t saved for Christmas.

There’s still a little time to earn some extra money. Or you could sacrifice something to help save for Christmas, like taking some time off from eating out. But, there also some things you should NOT do to pay for Christmas.