Take 5: A Roundup of Reads From Around the Web

This week: What to do when you're stuck inside this winter, when to pay for housekeeping, how to save 85 percent of your income, selling your house without an agent and why people sell timeshares for $1.

Take 5: A Roundup of Reads From Around the Web

1. Why Do People Sell Timeshares for $1?

[Club Thrifty] “Personally, I don’t see why anyone would even want a timeshare. I love to travel, but I would never want to limit myself to certain destinations or resorts for the rest of my life. And I guess I’m not the only one who feels that way — with so many timeshares for sale on eBay and Craigslist for under $5, it seems pretty obvious that a lot of people who buy timeshares eventually live to regret the decision.”

As you know, if you’ve read this website for any length of time, I couldn’t agree more. Just a few weeks ago, I voiced my timeshare opinion yet again in Timeshares: Fabulous Opportunity or Financial Trap? Read our article and this one, then see if you really want that timeshare.

2. 5 Amazing FSBO Stories as Told by Real Life Home Sellers

[Frugal Fringe] “Hundreds of websites discuss how to sell your home without a commission-based broker, a process known as For Sale by Owner or FSBO (pronounced “fizbo”). FSBO can deliver enormous savings. On a $400,000 property, a homeowner can avoid paying at least $12,000 in seller agent commissions and twice that amount if the buyer also forgoes a broker.”

Having just sold a rental house and having paid what I considered to be entirely too much to an agent, I found this one interesting. I’ve always wanted to sell my own real estate, but haven’t had the time. After reading this post, however, I really want to try it next time. Check it out and see if you feel the same way.

3. How I Save 85% of My Income

[First Quarter Finance] “I’ve been waiting to write about this because the negative part of me kept thinking, ‘No one else is saving 85% so it’s probably unsustainable. Don’t write about something that you can’t keep with long-term.’ But I’ve been saving 85% or more of my income … forever. So, I figure forever is a pretty good term so it’s safe to say saving 85% is plenty doable.”

I don’t know that it’s plenty doable for most people, but I had to admit this post made for good reading. $18 a month for car insurance? For a 24-year-old male? Check out the post for more examples of the tiny amount this author claims to live on.

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