When I was a teen, I was pretty frugal. I babysat, saved where I could, and eventually invested $60 in the stock market. Ten years later, I had doubled my stock market investment and took the $120 to buy airplane tickets for New York. I had a great time with my college friends at the convention we attended and remembered the long hours of babysitting that got me to that point.
However, my frugal living and investing acumen are nothing compared to the Ohio teenager who bought a house from her saved 4-H winnings. She showed hogs for years and each time she won cash, she tucked it away for the future. According to the Columbus Dispatch, she paid cash for the 4 bedroom home,
By the time she graduated from Greenfield McClain High School last June, she had saved more than $40,000 for college.
But her parents had a proposition: They’d pay for college if she’d live at home and commute to Ohio University’s Chillicothe campus.
The idea appealed to Lindsay’s thrifty, practical side but left her wondering how to invest the money she’d saved.
Her dad, who runs Binegar Auction Service, had a suggestion.
“I said, ‘You should buy a house,’ ” Gary Binegar said.
It’s pretty nifty to be that thrifty!
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