I was in a band when I was in Jr. High. My parents were kind enough to get me a 1965 Sears Silvertone (Harmony-built) guitar (model 1478, sort of a Fender Jaguar look-alike, with two De'Armond pups). It was $89.95 in the Sears catalog. Our band wasn't bad, except for some squeeky voices - we did some Doors, Animals, Beatles, a few Stones songs, Monkees, etc. After that band broke up (14-year-old version of "creative differences"....), I mostly stopped playing. But I kept the guitar, and would noodle around periodically.
Fast-forward to Christmas 2010. My wife surprises me (at the age of 55) with a month's worth of pre-paid weekly lessons, which I've been taking ever since. One year after that (Christmas 2011, basically) I find a beautiful barely-used (early 2011) CU24 at a very nice price, after concluding that I'm committed to continuing lessons, continuing to learn and improve, etc. I still have the old Silvertone, though - it can't compare, but does have its own character, not-bad tone, and sentimental value. Probably my next guitar will be an acoustic-electric of some kind.