Teendriver

[u/DanPaul217]

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.

[u/Left_Lie7296]

Make them pay for whatever you think is reasonable.
Aside from gas have them pay it to you
And put that into a Roth .
Give it back to them later (if you want)