I started playing bass in 10th grade...my cousin lent me a 1965 Bassman with a Bandmaster cab, and the friend who was to give me a few lessons lent me a short scale "Ventura" bass...I was a good trumpet player and pianist at the time, had a lot of musical friends, so picking up the isntrument and using it with a band was not a problem.
My parents were to some extent...

Dad was NOT a rocker, and Mom thought that guitars were "dirty". I was struggling at school (by my previous standards), and one day, when getting a trumpet lesson at a place where my buddy who lent the Ventura worked, I was drooling over an Azureglo 4001.
My mom said, "If you get on the honor roll, I'll buy you one"...
Well, I busted my butt for the next month, and made the Honor Roll at school by about 0.001 of a "Quality Point"...lucky for me I was in the advanced classes which counted more in that convoluted calculation the schooled used that year. My grade average was a rather pedestrian 85 or so...
Afterwards, trying to collect, the terms of the deal were changed. I'd be HELPED (50/50), and onyl after I got the money up. I can't remember the price of a new one in late 1980-1981, but it was more that the $479 mentioned by Bob Young...maybe it was a NYC area thing...but I started to save. I remember a cousin giving me a $20 for "your guitar"...
Eventually I heard of a local store having a used Rick sale, and I had about $200-250 saved. I convinced my folks to pay a little more than half IIRC, and got my 75 Burgundy 4001. When he saw it, my Dad was surprised "those things are made of wood. I though electric guitars were made of plastic."
About 15 years later my cousin asked me if I ever got my guitar. I said, "yes, and I still have it".
And now, about 10 years after that, I still do. Although now it's semi-retired, and I let my 2004 Laredo do the most of the work now.

Above e-mail is inactive. try ed_ardzinski@**** where **** is Hotmail.com or Yahoo.com. I tend to see things inthe hotmail box quicker...