Welcome to my new blog. Welcome to our quest to get out from under our timeshare debt, live on one income and try our best to keep ourselves above water.
We bought our timeshare back in 2006. When we signed the paperwork, we had every intention of taking yearly vacations at their resorts all over the western Unites States. We were living in St. George at the time, and shortly afterward, we moved to Las Vegas. My husband was working as an LPN at a nursing home and rehabilitation center when we decided to enlist in the Navy. Our Navy pay is not anywhere near where our civilian pay was, but we also don't have the expenses such as health care premiums and housing costs.
We live in military housing and don't have a car payment, so the timeshare is the only debt that we have. It has become a bit of a pain. We love being able to use the resorts when we visit family, I'm just tired of paying the 12% interest.
Our current balance on the timeshare is $25,170.89.
Oh, yuck! We, too, have a timeshare. We paid it off years ago, but the maintenance fees are our nemesis; I keep thinking of how we could take a frugal vacation for what we pay annually, and we wouldn't have to deal with trying to get an exchange that works for us (and our military family) schedule. We have taken some great vacations, though...
ReplyDeleteHoly crap, I had no idea timeshares were so expensive. What's your monthly payment goal? $500 or so?
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