FA - real life

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There is a divide on this thread between the financially literate people who understand that you can’t foot the tuition bill for multiple kids on a HHI of $200-300k and the other group, which I assume is mostly SAHPs pretending they understand what a household budget looks like.

Why would you assume that? It makes you look pretty stupid.

Spoken like someone that thinks you can afford $100k worth of tuition off a HHI of $280k.

Another assumption - thinking you’re talking to the same person on an anonymous message board - that makes you look stupid.

What other stupid things are you thinking?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I truly don’t get - or believe - the math behind the claims being made by posters that they can afford $30K-plus tuition per child without financial aid and they make $300K or less.

Show me the math and your budget. I am a single parent living in an old 1,500 sf home in Silver Spring who shops at Aldi and Costco and 75% of our clothes are consignments or hand me downs or very old, have a paid off older car, no restaurants or even fast food, our vacations are usually road trips to visit family, and kids in relatively inexpensive extracurriculars (no travel soccer or fencing or ice skating), and there’s no frigging way I could afford private for one child let alone two. And I make $250K a year.

Between the taxes, 401k, and the cost of my health insurance premiums, nearly half of my paycheck is gone before it hits my bank account. Then I’m contributing to 529s and putting away something for savings - barely. Still need some childcare for the summer time - usually county camps - and I save for that all year. There would not be any room for $3,000 per month after taxes for private school.

Would just love to see the actual breakdown of your budgets for those claiming they can swing private school for one or more kids and they aren’t pulling in at least $350k a year.

While I don't know about other people, I set myself up financially before having kids. Nothing was handed to me and I earned it through early savings and strategic planning. For most people, this would be things like real estate investment or financial investments that may or may not generate much taxable income on an annual basis. Annual income on taxes does not necessarily reflect wealth.

Agree with you. But we have multiple posters saying they make it work making under $300k a year as if they do it on salary / income alone. If that’s the case - and again, hard to make that math work if we are talking post tax tuition of $30k per kid - then would love to see how people are doing it.

If you have other income beyond income or a trust or a parent who who pays part of tuition than that’s not truly making it on salary alone.

Most of us assume responsible adults have built up some wealth by the time they have kids. Therefore if you have a $300k salary we would assume your investments on the side are pretty healthy too. Making it on salary alone is like living paycheck to paycheck.

So then you’re (the collective you) are not actually paying for private off your salary as many have suggesting people are or should.

Sure, I have savings, retirement, and 529s. I don’t have a private school fund. If that makes me an irresponsible adult, so be it. But then it’s also absurd to give people a hard time - as some posters have - about applying for FA if you want more than $200k.

If you wanted your kids to attend private school, how did you expect to pay for it? You either could have tried to boost your salary or set aside some savings. Presumably this was a consideration 10+ years ago, right?

Most people cannot just “boost [their] salary,” like you imagine where they just magically get a job that pays 100k a year more. Only a small minority of people voluntarily take poorly paid work when there’s a higher paying alternative. And yeah, PP probably “set aside some savings” like most people do. “Some savings” doesn’t generate 50k/yr per kid.

I would disagree. There are lots of ways to increase salary. Taking on a new job, applying for promotions, pivoting your career, switching fields, taking on new roles, etc. The only thing stopping you is laziness.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I truly don’t get - or believe - the math behind the claims being made by posters that they can afford $30K-plus tuition per child without financial aid and they make $300K or less.

Show me the math and your budget. I am a single parent living in an old 1,500 sf home in Silver Spring who shops at Aldi and Costco and 75% of our clothes are consignments or hand me downs or very old, have a paid off older car, no restaurants or even fast food, our vacations are usually road trips to visit family, and kids in relatively inexpensive extracurriculars (no travel soccer or fencing or ice skating), and there’s no frigging way I could afford private for one child let alone two. And I make $250K a year.

Between the taxes, 401k, and the cost of my health insurance premiums, nearly half of my paycheck is gone before it hits my bank account. Then I’m contributing to 529s and putting away something for savings - barely. Still need some childcare for the summer time - usually county camps - and I save for that all year. There would not be any room for $3,000 per month after taxes for private school.

Would just love to see the actual breakdown of your budgets for those claiming they can swing private school for one or more kids and they aren’t pulling in at least $350k a year.

While I don't know about other people, I set myself up financially before having kids. Nothing was handed to me and I earned it through early savings and strategic planning. For most people, this would be things like real estate investment or financial investments that may or may not generate much taxable income on an annual basis. Annual income on taxes does not necessarily reflect wealth.

Agree with you. But we have multiple posters saying they make it work making under $300k a year as if they do it on salary / income alone. If that’s the case - and again, hard to make that math work if we are talking post tax tuition of $30k per kid - then would love to see how people are doing it.

If you have other income beyond income or a trust or a parent who who pays part of tuition than that’s not truly making it on salary alone.

Most of us assume responsible adults have built up some wealth by the time they have kids. Therefore if you have a $300k salary we would assume your investments on the side are pretty healthy too. Making it on salary alone is like living paycheck to paycheck.

So then you’re (the collective you) are not actually paying for private off your salary as many have suggesting people are or should.

Sure, I have savings, retirement, and 529s. I don’t have a private school fund. If that makes me an irresponsible adult, so be it. But then it’s also absurd to give people a hard time - as some posters have - about applying for FA if you want more than $200k.

If you wanted your kids to attend private school, how did you expect to pay for it? You either could have tried to boost your salary or set aside some savings. Presumably this was a consideration 10+ years ago, right?

Most people cannot just “boost [their] salary,” like you imagine where they just magically get a job that pays 100k a year more. Only a small minority of people voluntarily take poorly paid work when there’s a higher paying alternative. And yeah, PP probably “set aside some savings” like most people do. “Some savings” doesn’t generate 50k/yr per kid.

I would disagree. There are lots of ways to increase salary. Taking on a new job, applying for promotions, pivoting your career, switching fields, taking on new roles, etc. The only thing stopping you is laziness.

You think people on FA aren’t applying for promotions and other jobs? Switching fields usually requires a new degree, which means years out of the job market and debt you’d call irresponsible.

I don’t get FA. My HHI is way too high. But you’re completely delusional about how the economy works.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I truly don’t get - or believe - the math behind the claims being made by posters that they can afford $30K-plus tuition per child without financial aid and they make $300K or less.

Show me the math and your budget. I am a single parent living in an old 1,500 sf home in Silver Spring who shops at Aldi and Costco and 75% of our clothes are consignments or hand me downs or very old, have a paid off older car, no restaurants or even fast food, our vacations are usually road trips to visit family, and kids in relatively inexpensive extracurriculars (no travel soccer or fencing or ice skating), and there’s no frigging way I could afford private for one child let alone two. And I make $250K a year.

Between the taxes, 401k, and the cost of my health insurance premiums, nearly half of my paycheck is gone before it hits my bank account. Then I’m contributing to 529s and putting away something for savings - barely. Still need some childcare for the summer time - usually county camps - and I save for that all year. There would not be any room for $3,000 per month after taxes for private school.

Would just love to see the actual breakdown of your budgets for those claiming they can swing private school for one or more kids and they aren’t pulling in at least $350k a year.

While I don't know about other people, I set myself up financially before having kids. Nothing was handed to me and I earned it through early savings and strategic planning. For most people, this would be things like real estate investment or financial investments that may or may not generate much taxable income on an annual basis. Annual income on taxes does not necessarily reflect wealth.

Agree with you. But we have multiple posters saying they make it work making under $300k a year as if they do it on salary / income alone. If that’s the case - and again, hard to make that math work if we are talking post tax tuition of $30k per kid - then would love to see how people are doing it.

If you have other income beyond income or a trust or a parent who who pays part of tuition than that’s not truly making it on salary alone.

Most of us assume responsible adults have built up some wealth by the time they have kids. Therefore if you have a $300k salary we would assume your investments on the side are pretty healthy too. Making it on salary alone is like living paycheck to paycheck.

So then you’re (the collective you) are not actually paying for private off your salary as many have suggesting people are or should.

Sure, I have savings, retirement, and 529s. I don’t have a private school fund. If that makes me an irresponsible adult, so be it. But then it’s also absurd to give people a hard time - as some posters have - about applying for FA if you want more than $200k.

If you wanted your kids to attend private school, how did you expect to pay for it? You either could have tried to boost your salary or set aside some savings. Presumably this was a consideration 10+ years ago, right?

Most people cannot just “boost [their] salary,” like you imagine where they just magically get a job that pays 100k a year more. Only a small minority of people voluntarily take poorly paid work when there’s a higher paying alternative. And yeah, PP probably “set aside some savings” like most people do. “Some savings” doesn’t generate 50k/yr per kid.

I would disagree. There are lots of ways to increase salary. Taking on a new job, applying for promotions, pivoting your career, switching fields, taking on new roles, etc. The only thing stopping you is laziness.

You think people on FA aren’t applying for promotions and other jobs? Switching fields usually requires a new degree, which means years out of the job market and debt you’d call irresponsible.

I don’t get FA. My HHI is way too high. But you’re completely delusional about how the economy works.

Not really. These people are just lazy. Switching fields into an adjacent one usually doesn’t require additional schooling. The job market can be navigated successfully to increase salary but it takes hard work. Most parents in private school have figured their careers out except for the FA parents.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I truly don’t get - or believe - the math behind the claims being made by posters that they can afford $30K-plus tuition per child without financial aid and they make $300K or less.

Show me the math and your budget. I am a single parent living in an old 1,500 sf home in Silver Spring who shops at Aldi and Costco and 75% of our clothes are consignments or hand me downs or very old, have a paid off older car, no restaurants or even fast food, our vacations are usually road trips to visit family, and kids in relatively inexpensive extracurriculars (no travel soccer or fencing or ice skating), and there’s no frigging way I could afford private for one child let alone two. And I make $250K a year.

Between the taxes, 401k, and the cost of my health insurance premiums, nearly half of my paycheck is gone before it hits my bank account. Then I’m contributing to 529s and putting away something for savings - barely. Still need some childcare for the summer time - usually county camps - and I save for that all year. There would not be any room for $3,000 per month after taxes for private school.

Would just love to see the actual breakdown of your budgets for those claiming they can swing private school for one or more kids and they aren’t pulling in at least $350k a year.

While I don't know about other people, I set myself up financially before having kids. Nothing was handed to me and I earned it through early savings and strategic planning. For most people, this would be things like real estate investment or financial investments that may or may not generate much taxable income on an annual basis. Annual income on taxes does not necessarily reflect wealth.

Agree with you. But we have multiple posters saying they make it work making under $300k a year as if they do it on salary / income alone. If that’s the case - and again, hard to make that math work if we are talking post tax tuition of $30k per kid - then would love to see how people are doing it.

If you have other income beyond income or a trust or a parent who who pays part of tuition than that’s not truly making it on salary alone.

Most of us assume responsible adults have built up some wealth by the time they have kids. Therefore if you have a $300k salary we would assume your investments on the side are pretty healthy too. Making it on salary alone is like living paycheck to paycheck.

So then you’re (the collective you) are not actually paying for private off your salary as many have suggesting people are or should.

Sure, I have savings, retirement, and 529s. I don’t have a private school fund. If that makes me an irresponsible adult, so be it. But then it’s also absurd to give people a hard time - as some posters have - about applying for FA if you want more than $200k.

If you wanted your kids to attend private school, how did you expect to pay for it? You either could have tried to boost your salary or set aside some savings. Presumably this was a consideration 10+ years ago, right?

Most people cannot just “boost [their] salary,” like you imagine where they just magically get a job that pays 100k a year more. Only a small minority of people voluntarily take poorly paid work when there’s a higher paying alternative. And yeah, PP probably “set aside some savings” like most people do. “Some savings” doesn’t generate 50k/yr per kid.

I would disagree. There are lots of ways to increase salary. Taking on a new job, applying for promotions, pivoting your career, switching fields, taking on new roles, etc. The only thing stopping you is laziness.

You think people on FA aren’t applying for promotions and other jobs? Switching fields usually requires a new degree, which means years out of the job market and debt you’d call irresponsible.

I don’t get FA. My HHI is way too high. But you’re completely delusional about how the economy works.

Not really. These people are just lazy. Switching fields into an adjacent one usually doesn’t require additional schooling. The job market can be navigated successfully to increase salary but it takes hard work. Most parents in private school have figured their careers out except for the FA parents.

lol okay. You’re right, people just love leaving six figures each year on the table. And there are just so many high paying jobs to go around.

You should definitely withdraw your children from public school so they don’t have to be around the children of lazy people.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There is a divide on this thread between the financially literate people who understand that you can’t foot the tuition bill for multiple kids on a HHI of $200-300k and the other group, which I assume is mostly SAHPs pretending they understand what a household budget looks like.

Why would you assume that? It makes you look pretty stupid.

Spoken like someone that thinks you can afford $100k worth of tuition off a HHI of $280k.

Another assumption - thinking you’re talking to the same person on an anonymous message board - that makes you look stupid.

What other stupid things are you thinking?

Wow, you are dumb. I said “spoken like someone.” I did not say the person I was responding to was the same as a previous commenter.

We’re done with English class now, what subject do you need remedial help with next?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I truly don’t get - or believe - the math behind the claims being made by posters that they can afford $30K-plus tuition per child without financial aid and they make $300K or less.

Show me the math and your budget. I am a single parent living in an old 1,500 sf home in Silver Spring who shops at Aldi and Costco and 75% of our clothes are consignments or hand me downs or very old, have a paid off older car, no restaurants or even fast food, our vacations are usually road trips to visit family, and kids in relatively inexpensive extracurriculars (no travel soccer or fencing or ice skating), and there’s no frigging way I could afford private for one child let alone two. And I make $250K a year.

Between the taxes, 401k, and the cost of my health insurance premiums, nearly half of my paycheck is gone before it hits my bank account. Then I’m contributing to 529s and putting away something for savings - barely. Still need some childcare for the summer time - usually county camps - and I save for that all year. There would not be any room for $3,000 per month after taxes for private school.

Would just love to see the actual breakdown of your budgets for those claiming they can swing private school for one or more kids and they aren’t pulling in at least $350k a year.

While I don't know about other people, I set myself up financially before having kids. Nothing was handed to me and I earned it through early savings and strategic planning. For most people, this would be things like real estate investment or financial investments that may or may not generate much taxable income on an annual basis. Annual income on taxes does not necessarily reflect wealth.

Agree with you. But we have multiple posters saying they make it work making under $300k a year as if they do it on salary / income alone. If that’s the case - and again, hard to make that math work if we are talking post tax tuition of $30k per kid - then would love to see how people are doing it.

If you have other income beyond income or a trust or a parent who who pays part of tuition than that’s not truly making it on salary alone.

Most of us assume responsible adults have built up some wealth by the time they have kids. Therefore if you have a $300k salary we would assume your investments on the side are pretty healthy too. Making it on salary alone is like living paycheck to paycheck.

So then you’re (the collective you) are not actually paying for private off your salary as many have suggesting people are or should.

Sure, I have savings, retirement, and 529s. I don’t have a private school fund. If that makes me an irresponsible adult, so be it. But then it’s also absurd to give people a hard time - as some posters have - about applying for FA if you want more than $200k.

If you wanted your kids to attend private school, how did you expect to pay for it? You either could have tried to boost your salary or set aside some savings. Presumably this was a consideration 10+ years ago, right?

Most people cannot just “boost [their] salary,” like you imagine where they just magically get a job that pays 100k a year more. Only a small minority of people voluntarily take poorly paid work when there’s a higher paying alternative. And yeah, PP probably “set aside some savings” like most people do. “Some savings” doesn’t generate 50k/yr per kid.

I would disagree. There are lots of ways to increase salary. Taking on a new job, applying for promotions, pivoting your career, switching fields, taking on new roles, etc. The only thing stopping you is laziness.

You think people on FA aren’t applying for promotions and other jobs? Switching fields usually requires a new degree, which means years out of the job market and debt you’d call irresponsible.

I don’t get FA. My HHI is way too high. But you’re completely delusional about how the economy works.

Not really. These people are just lazy. Switching fields into an adjacent one usually doesn’t require additional schooling. The job market can be navigated successfully to increase salary but it takes hard work. Most parents in private school have figured their careers out except for the FA parents.

lol okay. You’re right, people just love leaving six figures each year on the table. And there are just so many high paying jobs to go around.

You should definitely withdraw your children from public school so they don’t have to be around the children of lazy people.

To be fair, PP sounds like a bored kid trolling this forum.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:There is a divide on this thread between the financially literate people who understand that you can’t foot the tuition bill for multiple kids on a HHI of $200-300k and the other group, which I assume is mostly SAHPs pretending they understand what a household budget looks like.

Why would you assume that? It makes you look pretty stupid.

Spoken like someone that thinks you can afford $100k worth of tuition off a HHI of $280k.

Another assumption - thinking you’re talking to the same person on an anonymous message board - that makes you look stupid.

What other stupid things are you thinking?

Wow, you are dumb. I said “spoken like someone.” I did not say the person I was responding to was the same as a previous commenter.

We’re done with English class now, what subject do you need remedial help with next?

You haven’t got much left, have you? Can’t defend your position so mount a weak attack and deflect. You’d best get some rest now and try again tomorrow.

[Anonymous]

Anonymous wrote:If you used public school, you would be very well off. That is the thing. You want private, but you can’t quite get there financially.

You had three kids and want them all in private. Three kids is a large family. You should either figure out how to earn more, or drop down to public.

Financial aid doesn’t make sense for you. You could afford private if you had fewer kids. You had a big family and stretched your budget too far. Either earn more or drop down to public.

Financial aid is a bailout for people who make bad financial decisions. Totally makes sense for everyone eligible because they make decisions they can’t afford like 3 kids.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I truly don’t get - or believe - the math behind the claims being made by posters that they can afford $30K-plus tuition per child without financial aid and they make $300K or less.

Show me the math and your budget. I am a single parent living in an old 1,500 sf home in Silver Spring who shops at Aldi and Costco and 75% of our clothes are consignments or hand me downs or very old, have a paid off older car, no restaurants or even fast food, our vacations are usually road trips to visit family, and kids in relatively inexpensive extracurriculars (no travel soccer or fencing or ice skating), and there’s no frigging way I could afford private for one child let alone two. And I make $250K a year.

Between the taxes, 401k, and the cost of my health insurance premiums, nearly half of my paycheck is gone before it hits my bank account. Then I’m contributing to 529s and putting away something for savings - barely. Still need some childcare for the summer time - usually county camps - and I save for that all year. There would not be any room for $3,000 per month after taxes for private school.

Would just love to see the actual breakdown of your budgets for those claiming they can swing private school for one or more kids and they aren’t pulling in at least $350k a year.

While I don't know about other people, I set myself up financially before having kids. Nothing was handed to me and I earned it through early savings and strategic planning. For most people, this would be things like real estate investment or financial investments that may or may not generate much taxable income on an annual basis. Annual income on taxes does not necessarily reflect wealth.

Agree with you. But we have multiple posters saying they make it work making under $300k a year as if they do it on salary / income alone. If that’s the case - and again, hard to make that math work if we are talking post tax tuition of $30k per kid - then would love to see how people are doing it.

If you have other income beyond income or a trust or a parent who who pays part of tuition than that’s not truly making it on salary alone.

Most of us assume responsible adults have built up some wealth by the time they have kids. Therefore if you have a $300k salary we would assume your investments on the side are pretty healthy too. Making it on salary alone is like living paycheck to paycheck.

So then you’re (the collective you) are not actually paying for private off your salary as many have suggesting people are or should.

Sure, I have savings, retirement, and 529s. I don’t have a private school fund. If that makes me an irresponsible adult, so be it. But then it’s also absurd to give people a hard time - as some posters have - about applying for FA if you want more than $200k.

If you wanted your kids to attend private school, how did you expect to pay for it? You either could have tried to boost your salary or set aside some savings. Presumably this was a consideration 10+ years ago, right?

Most people cannot just “boost [their] salary,” like you imagine where they just magically get a job that pays 100k a year more. Only a small minority of people voluntarily take poorly paid work when there’s a higher paying alternative. And yeah, PP probably “set aside some savings” like most people do. “Some savings” doesn’t generate 50k/yr per kid.

I would disagree. There are lots of ways to increase salary. Taking on a new job, applying for promotions, pivoting your career, switching fields, taking on new roles, etc. The only thing stopping you is laziness.

You think people on FA aren’t applying for promotions and other jobs? Switching fields usually requires a new degree, which means years out of the job market and debt you’d call irresponsible.

I don’t get FA. My HHI is way too high. But you’re completely delusional about how the economy works.

Not really. These people are just lazy. Switching fields into an adjacent one usually doesn’t require additional schooling. The job market can be navigated successfully to increase salary but it takes hard work. Most parents in private school have figured their careers out except for the FA parents.

lol okay. You’re right, people just love leaving six figures each year on the table. And there are just so many high paying jobs to go around.

You should definitely withdraw your children from public school so they don’t have to be around the children of lazy people.

It’s not like they are just leaving it on the table. They aren’t willing to work hard enough.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:We chose not to have a third kid because we couldn’t do that and send our current two to private school. We are full pay. I don’t donate because of families like you- why should you get the third kid that we chose responsibly not to have?

You just admitted you couldn’t afford a third kid, so pretty sure those missing donations are not by choice.

Neither can OP. OP is funding the third through charity.

Most people I know would be ashamed in this situation.

And this is why it’s clear you don’t actually have kids in a DMV independent school.

We have four and are full pay. Accepting charity / financial aid is not something that we would ever be okay with.

If you did, you would know that FA isn’t charity nor do the schools present it as such. Since you don’t know that at all, it’s quite clear you are full of it.

Who cares what the school “presents” it as? The donors consider it charity.