I'm Normally Not This Tall. I'm Sitting On My Wallet
What's in your wallet? If you're like a lot of us, you have several different cards for different things. You've got the card that pays you cash back for gas purchases. Then there's the one that earns you airline miles...the one that pays you 1% back on all purchases or, the one that pays you 3% back for the category where you spend the most. On top of that, you may even have little sticky notes on each card to remind you which one to use for what. Then there's your Barnes & Noble or Border's membership card, Petco, Petsmart, T.G.I. Friday's, etc... You really can't afford to leave any one of them at home unless you know before you leave the house in the morning exactly where the day will take you. As a result, if you spend more than 20 consecutive minutes in the car, your butt starts to fall asleep. OK, maybe that's just me but, at one point, I actually tried to put together a weekday wallet and a weekend wallet since the weekend is when we do most of our shopping and consequently need to stop at T.G.I. Friday's.
The number one reason people choose the Home Ownership Accelerator is simplicity. You can clean out all of those cards and just use the debit card associated with your account since your entire income gets deposited directly into your account and then every dime you spend, from coffee to car payments, stays parked against your mortgage balance until the day you actually spend it. So, if your interest rate on the Home Ownership Accelerator is 4.5%, it is equivalent to earning 4.5% on your checking and savings. You can still juggle all those cards if you want to but, it really isn't doing as much for you as your Accelerator loan is doing automatically with only one card in your wallet.
