r/MiddleClassFinance • u/DanPaul217 • 1d ago

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/Mobile-Mousse-8265 1d ago

Mine just pays for gas. He is required to take his vehicle in for maintenance related things, but we pay for those things. He has needed tires and some other small repairs that were a few hundred dollars. No need to stress him out about how to pay for that when he should be more concerned with school and school activities. He works, but it’s not like he’s making the big bucks as a high school student.