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Private & Independent Schools
Reply to "At what income level is it a no-brainer to go private? "
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[quote=Anonymous]We've recently experienced a significant increase in our annual income. We have 3 kids who are attending a great private preschool. We have mixed feelings about going all 12 years at a private vs starting at a JKLM school and moving to private for middle school. We come from middle class backgrounds so do not have generational wealth or help from the grandparents. We can afford private for all 3 now but don't want to find ourselves in "golden handcuffs" where we don't have room to leave a job or take a pay cut. (For context, right now our joint income is $1.5M per year but a few years ago it was at $370K per year when we both took pay cuts to follow jobs we were passionate about.) With no debt and a relatively low mortgage ($3K per month), what income would you feel you need to bring in to go all in on private from preschool on while also saving and living comfortably? [/quote]
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