Dear Money Doctor®, my Financial Advice is:
No car for high school age children
My story behind the advice is:
My daughter told me that “she is the only senior in high school without her own car” and begged me to buy an extra car that she could drive to school. I wasn’t going to get into the fact that she wasn’t the only one without a car, or that I didn’t believe it was necessary, or that it was an expense that we didn’t need, or that I liked to drop her off at school each morning, or that only trouble could result. I just told her that she was special.