To Travel the World
I like hotels.
I like them so much – and traveling! – that we bought our own timeshare. But like I said in my MoneySmarts guest post:
It gives birth to other expenses – yearly maintenance fees (which went up from P2,500 to P4,000 in the blink of an eye), RCI fees (S$150 annually –in Singapore dollars, but with the current exchange rate, it might as well be in US dollars), booking fees that could range from P2,500 (Asia) to almost P10,000 (outside of Asia). It does not include airfare, or the cost of food. The RCI hotels, although three or four stars, are almost always in the outskirts of the city – that means it is 30 minutes away from where the action is. With the cab fares we are paying, we could have had a decent room at a city hotel with dancing lights, Prada and great food at our doorstep.
But it is not all bad, as we have found out in our two years of owning one.