Although many homeowners do choose to access their home's equity for varied reasons, finance experts recommend that it isn't wise to use your equity to pay for trips and major expenses that you could just wait and save to fund. Additionally, finance gurus state it's unwise to put your equity towards paying for living expenses. Instead, you should look into financial counseling to find a better way to solve your money problems. Finally, while there can be advantages to consolidating debts with the cash you receive from accessing your equity, you should always consider how you will avoid similar problems in the future after you've exhausted your home's equity as a solution.