Reply to We can’t afford it but she wants it. What do I say?

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[quote=Anonymous]DW wants to send our kids to private schools (HS and MS). The publics near us are okay but not great. I would like to send them to private too but it would put a lot of pressure on our finances. We definitely don’t qualify for financial aid. Even if we tighten our budget (and reduce our savings contribution to zero) we would still be short every month (around $500 to $1k depending on how much we tighten). We have a decent e-fund but I’d like to save it for emergencies and not covering any gaps that might come from this.

When I brought these concerns up, she said she would take money out of their college fund to cover it, which isn’t as robust as it should be, and even reduce her retirement savings. She also seems to assuming we’re going to be making more in later years. This just concerns me on so many levels, esp if something unexpected were to happen (job loss, car breakdown, etc.) I don’t want to jeopardize our finances but not sure how to help her see how this could impacts us. Help![/quote]

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