I bought my first guitar the day after Christmas with all of the money I had gotten as gifts. I was sixteen and had asked for a guitar for Christmas 3 years in a row and didn't get one. All I could afford was a Kay one humbucker electric with a painted fretboard. It was 1996, so $140 got me that guitar and a Mel Bay Chord book. The guitar was not the kind of quality that one can find these days for so little money. I played it so much I wore the paint off the fretboard. I still have it.