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Reply to "how much do you spend on your school age kids in total per year?"
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[quote=Anonymous]We recently bought a house and I was trying to estimate our expenses as our kids grew older to decide how much mortgage we could afford. I hope I did a generous job but curious to see what you all think. I thought with 2 kids we would max out at spending $8k/month for all child related expenses, including school/day care, clothes, activities, toys, etc. I guess you could include extra food and vacations to that total, although we don't spend that much on vacations. I did not include medical insurance, but I guess it wouldn't have been the worst idea to do so. Our HHI is around $375k and the private school we would you right now charges around $22k for tuition for middle and upper school. (We are not in DC in case you are curious) although I'd guess costs here are comparable to DC, perhaps a tiny bit cheaper. Our kids are still small so I have no idea if I budgeted right and I thought I'd ask people who actually have school age kids. So, if you have school age kids, what do you spend total on them per year, and what is your HHI?[/quote]
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