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Elementary School-Aged Kids
Reply to "Cars for teens"
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[quote=Anonymous]What do you think is a good way to have a teen contribute to a car, gas, insurance, etc? Let's assume that the goal is for the teen to get a nice but not extravagant car at 16 (a late model Honda CRV would be an example). The teen has approximately $10k saved up (almost exclusively from gifts, not from a job). Should we require the teen to contribute $5k of his/her funds? Should we require the teen to pay for gas? For insurance? We want to use this as a learning opportunity and to teach responsibility. [/quote]
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