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Author: RecoveringFool Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 6773  
Subject: Cars and insurance Date: 10/9/1997 12:43 PM
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My oldest got her license yesterday so this is a topic on my mind and I thought I would try to start a discussion. Here's how we're handling the car/insurance issue. She has the oldest car to drive(this is not her car nor will we ever give her a car - this has been made clear to all the kids), a 91 subaru wagon with 130,000 miles. We are paying all costs of her driving,except gas and oil changes. She has to have $500(our insurance deductible) in the bank at all times. Here's my thinking - I NEED her to be able to drive because of her activities, job and needs of her younger siblings. The $500 was to encourage savings and for her to have a stake in her driving.
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