Tuesday, May 18, 2010

Frugal teen buys house with 4-H winnings

Lindsay Binegar was 14 the first time she spent any winnings from years of showing hogs. She bought a purse. The second time, at 18, she splurged. She bought a four-bedroom, two-bathroom house with a two-car garage. And she paid in cash.

"I've never heard of a teenager buying a house," said Nikki Gasbarro, spokeswoman for the Ohio Association of Realtors. "Smart girl."

The Greenfield teenager has been saving money since she was 4 years old and won $100 showing a hog.

"I didn't get the money; it went to the bank," said Binegar, now a 19-year-old freshman at Ohio University's Chillicothe branch.

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