Comments on: Time to drive http://www.bluntmoney.com/time-to-drive/ Wed, 12 Oct 2011 07:20:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: bluntmoney http://www.bluntmoney.com/time-to-drive/comment-page-1/#comment-40954 bluntmoney Fri, 22 Aug 2008 00:47:51 +0000 http://www.bluntmoney.com/time-to-drive/#comment-40954 Thanks guys. It's amazing how much cars cost to own and operate. Even inexpensive cars! I'm going to have to check with our insurance on the affects of having him as a primary driver on a third car -- hopefully they can at least give me a vague idea. Thanks guys. It’s amazing how much cars cost to own and operate. Even inexpensive cars! I’m going to have to check with our insurance on the affects of having him as a primary driver on a third car — hopefully they can at least give me a vague idea.

]]> By: MoneyGrubbingLawyer http://www.bluntmoney.com/time-to-drive/comment-page-1/#comment-40934 MoneyGrubbingLawyer Thu, 21 Aug 2008 16:46:17 +0000 http://www.bluntmoney.com/time-to-drive/#comment-40934 With your good guidance, he'll learn to manage the expenses and responsibilities of car ownership. Keep in mind that his insurance will likely be astronomical if he does get his own car. If it would increase your insurance 3x to have him added, expect for him to pay several times more for his own car. Trust me, I know this one from experience! My first car cost $400 to buy, and $2500 to insure, and that was with a couple of years driving experience under my belt. The quote I received when I first got my license was over $4,000. Good luck, and tell him to drive safely! With your good guidance, he’ll learn to manage the expenses and responsibilities of car ownership.

Keep in mind that his insurance will likely be astronomical if he does get his own car. If it would increase your insurance 3x to have him added, expect for him to pay several times more for his own car. Trust me, I know this one from experience! My first car cost $400 to buy, and $2500 to insure, and that was with a couple of years driving experience under my belt. The quote I received when I first got my license was over $4,000.

Good luck, and tell him to drive safely!

]]> By: MoneyBeagle http://www.bluntmoney.com/time-to-drive/comment-page-1/#comment-40930 MoneyBeagle Thu, 21 Aug 2008 16:04:16 +0000 http://www.bluntmoney.com/time-to-drive/#comment-40930 It sounds like you're teaching him well and giving him the right tools to succeed. You hear about so many parents these days that just hand their kids the keys to their first car without the child doing anything. This can only lead to trouble down the road as they'll never understand the true obligation, not only up front but as time goes on. Sounds like you're doing all the right things. Good luck! It sounds like you’re teaching him well and giving him the right tools to succeed. You hear about so many parents these days that just hand their kids the keys to their first car without the child doing anything. This can only lead to trouble down the road as they’ll never understand the true obligation, not only up front but as time goes on. Sounds like you’re doing all the right things. Good luck!

]]> By: Matt http://www.bluntmoney.com/time-to-drive/comment-page-1/#comment-40928 Matt Thu, 21 Aug 2008 14:51:54 +0000 http://www.bluntmoney.com/time-to-drive/#comment-40928 Him saving up and being able to pay for his own car is a good idea - he'll learn early on that cars are nothing more than very expensive money pits. My car costs me more than it should just for the privilege of driving around. Granted I need to do this from time to time but the cost of that is daunting (and I don't drive an expensive car). Its probably best that he learns the ugly truth behind cars early on so when he's older he'll keep it in mind when planning his finances. Him saving up and being able to pay for his own car is a good idea – he’ll learn early on that cars are nothing more than very expensive money pits. My car costs me more than it should just for the privilege of driving around. Granted I need to do this from time to time but the cost of that is daunting (and I don’t drive an expensive car). Its probably best that he learns the ugly truth behind cars early on so when he’s older he’ll keep it in mind when planning his finances.

]]> By: Twiggers http://www.bluntmoney.com/time-to-drive/comment-page-1/#comment-40917 Twiggers Thu, 21 Aug 2008 12:37:04 +0000 http://www.bluntmoney.com/time-to-drive/#comment-40917 It is a good thing! He will learn to save for a goal! Working for stuff is what we all do and is a part of life. Given the choice to not work if we didn't have to...none of us would! But we have to, we need housing, clothing, food, etc. So really, we're all working for 'stuff'! Your son getting a job is a great thing...it is teaching him responsibility. Maybe he'll be one of those rare kids who doesn't carry around a huge sense of entitlement to getting everything in life handed to them! It is a good thing! He will learn to save for a goal! Working for stuff is what we all do and is a part of life. Given the choice to not work if we didn’t have to…none of us would! But we have to, we need housing, clothing, food, etc. So really, we’re all working for ‘stuff’! Your son getting a job is a great thing…it is teaching him responsibility. Maybe he’ll be one of those rare kids who doesn’t carry around a huge sense of entitlement to getting everything in life handed to them!

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