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Preschool and Daycare Discussion
Reply to "Figuring out a reasonable aid request for preschool for two"
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[quote=Anonymous]We have to write a formal aid request for our preschool for next year since our second child is starting, and I'm not sure how much is a reasonable amount to request. (They will be reviewing our income too but want us to identify an amount we feel comfortable paying first.) I'd love to hear thoughts on how others have handled this type of situation. We have been crunching numbers for the last two days and have a very solid budget. We don't have much wiggle room to cut back further (already have only one car, small 2BR house with a modest mortgage, don't have cable, don't eat out much, don't take big vacations, etc., etc.) With the budget as is, we could pay both tuitions and have $20 left a month, but would not have an emergency fund, which we're not comfortable with. (In that scenario, we have a backup option for the younger child that costs less, but we would love to have both kids at the same place and the school seems to want the same.) How much is a reasonable amount to expect to have leftover each month in discretionary income for savings, etc. in this context? We'd like to make a request that's realistic and that they're likely to say yes to, but we also don't want to ask for so little that we do not have a buffer in an emergency even if it's technically doable. I know the top and bottom of the range (25% or more and it's a no-brainer since cost is the same as having DC2 in the cheaper place; 10% or less and we would not send DC2) but there is a big gray area in between that spans several thousand dollars. What have other middle-income households done in similar situations (and what has the outcome been?) Thanks![/quote]
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