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Money and Finances
Reply to "Teenager inherited 15k"
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[quote=Anonymous]Put the money in savings. Can't believe the people saying spend it on a car. What about all the kids who go to colleges two years later where you can't bring cars? And every kid I know in high school who had access to more money for a car, just bought a way more expensive car. Like, if one friend worked a crappy job for a couple years and saved $5000, they got a used $5000 car. But my other friend who worked for years waiting table and made $25k bought a $25k new car. Waste of money because 8 years later, both of them just had....cars. Not a good use of money, and at that age a kid needs to be steered to the right financial decision. [/quote]
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