I chose a slightly different path when doing this. I bought a rig that of medium quality, open face, and added some responsibility on the back end. I told them that if they take care of what they have, and show it some respect, that I would pony up for the good stuff in a year or so. It has worked so far and I'm about to have to get up off my wallet. They also have learned how nice it is to pick up a rod and go fish in a pond or wherever, and not have to fool with the many malfunctions of a neglected rod. Also, when they come to me needing line or something tied on, I work with them to learn the knots and different lures for different times. They turn the reel and keep the tension on the line as the new line is installed. Anything in my box is OK for them to use, but they have to ask and tell me what it will do and we talk of how to use it. It's starting to show, and I look so forward to the next lesson.
Creativity is just intelligence fooling around