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Reply to "Can we afford private school?"
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[quote=Anonymous][quote=Anonymous]Can we afford private school HHI- about $450k- stable Feds (hopefully) No debts other than mortgage- which is about $3500 Looking into schools about $40k a year for one kid, then 2 kids in 4 years. It seems like we can afford this? But what tools to people use to plan for things like this? [/quote] You should try to look at this on a monthly cash flow basis. What is your net take home minus fixed expenses? What are your normal life expenses (eating out, vacation, activities etc). And then how much is left per month? Tuition will easily be 90k for two kids by then, divided by the 9 months of school is 10k. [/quote]
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