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Friday, May 21, 2010

Bringing in the "bacon"



19 year old Lindsay Binegar, from Greenfield,OH has just bought her first house. Sounds kind of normal right? But she actually paid for the house with winnings from state fairs and other events from showing her pigs. She first splurged with her money when she was 14 and bought herself a purse. At 18, she bought a four-bedroom, two-bathroom house with a two-car garage. And she paid in cash. "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. That started the new pattern. Every year on her family farm, she would show her hogs at competitions and if she won she would put that money in her savings account. And it definitely added up! The house she just recently bought was $40,000! By the time she graduated from Greenfield McClain High School last June, she had saved more than $40,000 for college. But her parents had a proposition: They'd pay for college if she'd live at home and commute to Ohio University's Chillicothe campus. SO with college paid, she made a decision to spend her saving on something that would be a good investment, why not a house?!After painting the inside of the two-story frame house and adding new carpeting, Lindsay rented the house to a great aunt and uncle who wanted to relocate to Greenfield. Maybe it is good to always save your money!

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