Reply to How does one afford private school in DC for 32,000/year

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[quote=Anonymous][quote=Anonymous]Drive ancient cars and don't go on vacation. Rarely go out to eat. [/quote]

I don't think that's the issue.  If gross HHI is 170,000 and you live in DC, wouldn't net be about 60% of that?  (30% to feds/SSI and 9% to DC plus property taxes).  Subtract $64,000 for tuition for 2 kids and you're down to $38,000.  Even with rent or a house payment of $2,000/month, you're then down to $14,000 for everything else -- food, clothing, utilities, transportation, medical expenses -- for a family of 4 and that's assuming that you aren't saving anything for college and retirement.   At that income level, it's not a matter of giving up frills like vacations, eating out, and new cars.  It's a matter of going into debt and/or paring even basics back to the bone.  While throwing yourselves and your kids into an environment where you're going to be constantly solicited for donations and where most of your kids' peers are going to have a lot of stuff they don't have.  At which point y'all get the luxury of feeling economically oppressed on a six figure income.

The easy solution is save the $64K and go public. [/quote]

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