GREENFIELD, OH – One teenager gives a whole new meaning to the saying a penny saved is a penny earned!
Lindsay Binegar has been very smart with her money since she was a little kid. She’s been saving since she was 4-years-old and won $100 showing a hog. At 14, she dipped into her winnings from years of showing hogs to buy herself a purse. At 18, she felt like she deserved a better gift and bought herself a four-bedroom, two-bathroom house with a two-car garage. She paid for it in cash.
“I’ve never heard of a teenager buying a house,” said Nikki Gasbarro, spokeswoman for the Ohio Association of Realtors. “Smart girl.”
Binegar has been raising show hogs for years and it has certainly paid off. Every year she’d raise a few hogs on the family farm in Highland County, show them at competitions and add any winnings or sales proceeds to her savings account.
“I didn’t get the money; it went to the bank,” said Binegar. She’s now a 19-year-old freshman at Ohio University’s Chillicothe branch.
“She’s pretty tight,” said Lindsay’s dad, Gary. “She’s always been big into 4-H, and every penny she made she just banked.”
By the time she graduated from Greenfield McClain High School last June, she had saved more than $40,000 for college. Her parents decided they didn’t want to lose their girl, so they made her a deal: They’d pay for college if she’d live at home and commute to Ohio University’s Chillicothe campus. Having the extra money to invest, she put it towards a house.
“She’s got a really good head on her shoulders,” he said. “She’s the perfect girl.”
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