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Money and Finances
Reply to "Help me decide what I can pay"
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[quote=Anonymous]I am filling out a financial aid application for private school. There is a section asking me to state what I think I can pay. I have calculated our budget but dont know how much I can/should allocate for emergency savings before making a tuition offer. Our HHI is $180K We have 3 kids (2 going to private and 1 infant in nanny-share). Currently savings are approx $20K. We also have 401Ks of $100K. Monthly tuition is $2350 for both and at the end of the month, after our other expenses, we are left with $2200. I am just wondering if its ok to put $2100 so I can add a little bit to savings every month. I want to make a fair offer but dont want to risk everything. Its a parochial school and they are very good about financial aid. [/quote]
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