Take 5: A Roundup of Reads From Around the Web

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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