5. Getting a Timeshare
On paper, getting a timeshare might sound like a great idea. Once you’re picked your favourite get-away location it might sound like you’re saving on a lot of costs if you go down this route, but that simply not the truth. Instead of getting tricked into this kind of ‘deal’, crunch the numbers first- you’ll see what we’re talking about.
How This Might Cost You More
Don’t fall into the trap of believing that timeshares are cost-effective, because they’re far from it. Let’s say you pay $350 per month and $1,000 on maintenance on a yearly basis. Could you then justify paying $5,200 per year for a vacation ‘home’ you’ll only get to spend a week in? In 20 years, you’ll have wasted $104,000 when you could have just as easily rented an Airbnb for a fraction of the price.
Most people would also claim that Timesharing is convenient, yet the fact that you have to time your vacation just right on top of taking care of the property though maintenance costs says otherwise.
Rental services have become so widespread nowadays, they’re the far more advantageous options.
