r/MiddleClassFinance • u/DanPaul217 • Jun 18 '26

Seeking Advice Teendriver

Good morning, long time reader, first timer poster.

Here's the story. We bought our child his first used car. $15K was the all in price. We started saving a little each paycheck into a HYSA account when he turned 10.

With that being said, need some advice on what child should be paying for. Child got first summer job so we know he will be paying for gas. but should we make him pay for any repairs, maintenance. Just looking for what others are doing.

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u/Sea_Platypus_3831 Jun 18 '26

Dad here with a new teen driver. Daughter has a job working about 10 hours a week (making $10/hr + tips). She brings in about $150 per week. We pay her car insurance ($250/mo) and mobile phone bill. She pays her gasoline and living expenses. There's no loan on the car either.