As the New Year begins, you will probably want to clean up your financial portfolio. Amid the pandemic when the money runs tight, it makes sense to embrace smart money habits, from cutting expenses to picking side hustles and building emergency funds.

At the same time, you may have to give up on some financial investments to improve your finances. Giving up your timeshare should be your top priority in 2022.

Let us explain why you must do it sooner rather than later.

Timeshares are A High-Maintenance Asset

Timeshares are expensive upfront, but the idea of owning a share in a luxury resort is alluring. You can fall into the trap because of slick salesmanship as well.

The worst part of owning it is that it is a high-maintenance asset that burdens you year after year. You have to bear the annual maintenance costs even if you do not use the property for a year.

The annual costs may increase unprecedentedly, making them even more painful. The last thing you will want to carry in your financial portfolio right now is a property that burdens you with ownership costs. Eliminating it should be on top of your wishlist this year.

Selling can be a Real Challenge

The sooner you get rid of your timeshare property, the better. Although owning sounds like a dream, you will realize your mistake down the line. The bigger challenge is that you may not find a seller willing to pick the property readily.

The best way to deal with the situation is by collaborating with one of the reputable timeshare exit companies in your area. You can invest some effort in researching your options and get professional help to exit the contract at the earliest.

The effort is worthwhile as you get to reset your finances right away. Moreover, you need not worry about saddling your children with unwanted inheritance in the long run.

Travel in the New Normal is Different

Another good reason to get rid of your timeshare in 2022 is that you will probably not use it in the foreseeable future. Travel is different in the new normal as you cannot expect to plan for the long haul.

The virus makes things unpredictable, making it hard to stick with specific destinations. You may not get to fly to your timeshare destination due to restrictions. It may get difficult to travel at a specific time of the year.

Eventually, you may not want to visit the same holiday destination year after year. Timeshare ownership limits your options, making it a wrong choice for the present situation.

The best money resolution you can make this New Year is to give up your timeshare property at the earliest opportunity. The decision can help you save a lot of money today and get rid of a burdensome asset forever.

Moreover, it will make life easier for your heirs as no one wants to be tied to a property that costs money to maintain year after year.

If you are thinking of moving to the US, then you need to make sure that you are properly prepared. There are many steps that you will need to take to ensure that you are legally covered and to give yourself the best shot at success.

Whether you are arriving for new employment or looking to start your own business, here is what you need to know.

Start Preparing Now

Find out as much as you can before you move. Remember that COVID-19 restrictions may still be slowing administration down and affecting travel. Contact your employer for advice on how you can speed up the process.

Read city guides for the area you are moving to. Prepare for a background check and a criminal record check.

Find your academic certificates, your bank statements, your driver’s license and any marriage or birth certificates.

Get Insurance

Look for a health insurance policy before you move. Provide as much information as you can to avoid losing out on any payments. Remember that healthcare is not paid for by the state in the US as it is in other countries.

Find The Right Visa

Talk to an immigration lawyer about which visa is right for you. Talk to your employer if they are sponsoring your visa. Prepare all your documents and references as early as possible to avoid delays. Ask your immigration lawyer about which visa you need if you are starting a new business.

Consider that you may need to apply for visas for employees for your business. Find out if the requirements have changed in recent years. Look at H2A visa regulations to learn what is needed for an agricultural business looking for seasonal immigrant workers.

Apply for a visa even if you are moving with an American citizen. Remember that your partner will need to apply for a visa if they are moving with you and are not a US citizen.

Know Your Laws

Research the laws and legislation of the state you are moving to. Be aware that some laws are different from state to state. Find out what tax you need to be paying as an immigrant and remember that you may be paying taxes in your home nation too.

Factor in sales tax on any purchases and remember that it changes depending on the state. Learn the US-specific laws including the drinking age and driving restrictions.

Learn about liability in case of an accident at work or on the road. Tip your service industry employees wherever you go (this is not a law, but it is expected).