Money doesn&39;t have to be boring! Each week, CreditBloggers.com takes a look at the lighter side of the personal finance world in a series called Funny Money Friday.

Jim Cramer, of CNBC&39;s Mad Money investing program, appeared on TheStreet.com a couple times this week announcing the death of real estate. In his first segment, Jim Cramer tells homebuyers to "Just walk away" from their mortgages. What?!

In his interview the next day, Jim Cramer backs up his statement and tells people whose homes have depreciated to just default and foreclose on their mortgage. He also says that "credit cards are much more important than your house." Has he lost his mind?!

This advice is craziness when you consider the impact of a home foreclosure on your credit. A foreclosure leaves a scaring record on your credit files for 7 years and will significantly drop your credit scores. A foreclosure filing is just as damaging as a bankruptcy.

Not only will you not be able to get a new mortgage for a long time, you&39;ll also face dramatically rising rates on your credit cards, car loans, insurance accounts and more. Selling your home at a loss may be painful, but at least it won&39;t kill your credit for almost a decade.

Deciding to walk away from your mortgage may make sense from an investment perspective. But in our world, it is basically credit suicide. If you are in trouble with your mortgage and not interested in losing your home, you can read this great article on tips for avoiding foreclosure. 

In advising millions of his followers to foreclose on their homes, it seems like Jim Cramer may have completely lost it. All those sound effects have apparently finally driven him over the edge. Remember to take his advice with a grain of our credit "salt."  Happy Friday! 

Emily Davidson is editor of CreditBloggers.com and a former credit expert for the credit bureau, TransUnion. She writes about credit and personal finance topics.