Teen Buys a Home at Age 18

Can you imagine buying a home when you were barely 21? Lindsay Binegar can. She’s done it at age 18.

At age 4, Lindsay Binegar, started saving her 4-h winnings. Her winnings started out at $100 from showing hogs at 4-h benefits. Any winnings after that went into her savings account. Sources say she bought a four bedroom, 2 bathroom house. The house is in Greenfield, Columbus.

By the time Binegar was 18 she had saved up $40,000. Lindsay Binegar had planned on using the money for college. Her father had different ideas however. Jim Binegar and his wife offered his daughter a chance to keep the $40,000 in exchange that she goes to a local college and live at home. Her father told her, if she did that than her mother and he would pay for her college. The idea to save the money and put it towards something else appealed to Lindsay.  So she took the offer.

Her father auctioned off the Greenfield house to her. She than bought the house off of her father for $40,000. Lindsay fixed it up and painted the rooms. Then she rented it out to her Aunt and Uncle for $450 a month.

In 2011 Lindsay plans to marry her fiancé. The couple plans to take the $450 a month, given to them for rent by their Aunt and Uncle, and use it to buy a house next year.

Lindsay’s parents are not sure as to why the teenager is so careful with money. They say they tried to teach her the meaning of money early on and to raise her right. They sure succeeded in that plan.