Quote:
Originally Posted by little jacob
well even quite a few years ago when I was working summer jobs you could make several thousand dollars in just one summer. that would buy a car today, not just back then. what is wrong with them working and saving money instead of teaching them to live on credit at the very max they can afford and more, right out of the financial womb?
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Everyone has different philosophies. When I was a young pup all I could afford were $500.00 clunker cars. I'd drive them till they stopped running. When I had finally had enough, and wanted a better car, my Dad co-signed for the loan. I had never had any debt so I didn't have a credit rating and I couldn't get a loan on my own name. To this day, I still have a lot of gratitude and respect for my Dad because he trusted me enough to help me out. When my daughter gets to the point that she needs my help, I will gladly do it. I think I'll get as much out of it as she will.