Reply to Family budget if your income is around $180-200K

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[quote=Anonymous]Educational consultant here:

Your strategy with private schools leading to scholarships is so mistaken!! Are you actually sending your kids to private school because you think it will help them get scholarships? I cringed when I read that! Send them to public school and bank the tuition costs to help with college!

[quote=Anonymous]LMAO.  "Poor."  We make $141K pre-tax.  DH puts 11% of his $101K salary into his 401K and I don't save anything out of my $40K salary because I only work to pay for private school and groceries.

Mortgage is $950/month.
Healthcare, I think is about $400/month.
Childcare is $200/month.
Tuition for private school is $1600/month.
Groceries are $1200/month.
Phones (all mobile) are $180/month.
Internet $60/month
Gas is $400/month (we commute)
No gym, no car payments (both cars are luxury cars but are ten years old, bought new back then), no credit card debt or student loans.  We're not saving for college; that's why they go to private school, so they can earn scholarships.  We'd be comfortable paying the same tuition we do now or even a bit more when the time comes, but if they want to go to a $50K/yr school, they're going to have to help pay for it.

We shop and go out some but don't really keep track.  We haven't taken a real vacation in 7 years but will be taking one this summer.  We're not rich or anything but I think we're doing okay.  [/quote][/quote]

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