The Personal Finance Geek

Timeshares are a type of vacation property that is divided into weeks or months. Owners of timeshares can use their unit for a set period of time each year, and they can also exchange their timeshare for a week or month at another resort. While timeshares can seem like a great way to own a vacation property, they can actually be very problematic. In this blog post, we will discuss the problems with timeshares and why they are so hard to get rid of. One of the biggest problems with timeshares is that they are often very expensive. The initial purchase price of a timeshare can be thousands of dollars, and there are also annual maintenance fees that can be very high. Another problem with timeshares is that they can be very difficult to sell. The market for timeshares is very limited, and it can be very difficult to find a buyer who is willing to pay what you are asking for your timeshare. Even if you are able to sell your timeshare, you may still be responsible for paying the annual...

Bobby is a 20-year-old first-generation college student who works at a restaurant to pay his way through school and cover what his financial aid doesn't. When he started high school, his parents started saving up for a computer for him. Just recently, Bobby's roommate's cat destroyed his $1500 laptop that it took his parents so long to save for. He needs his own computer to do his coursework, so he can't wait for them to save enough money to buy another one for him: he needs to buy it himself. Bobby is a computer science major, so he knows the importance of regular, thorough backups. That's not what this story is about; Bobby's data is all safe and can be completely recovered, despite the cat's shenanigans. After paying for all his needs and forgoing all his wants, he has $720 to spare each month. Bobby doesn't have any savings of his own. He needs the computer right away, so he believes his only option is to get approved for a payday loan, buy the...