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Private & Independent Schools
Reply to "How do you afford private?"
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[quote=Anonymous][quote=Anonymous]OP here: my DH and i have been discussing this issue at great length, which is why i posted. we have no debt. we save a lot, my personal opinion is that people who go private just don't save as much as we do. i don't know what is "better" - investing in your kids via a private education or passing on an amazing inheritance, but i know that the "what ifs"keep DH up at night. we had a brief health scare that put him out of work for 9 weeks and that was very sobering.[/quote] OP, my family makes a similar income to yours (maybe more like $425, but not the $600-700+ some posters are mentioning). Where we are private is about $25k/kid/year so it's doable but sure, we'd save a lot more. I don't think the inheritance is worth much at all. Inheritance will come late in life for them hopefully, but if you believe a private school education would make a real difference in how they achieve their goals earlier, I think most people would choose that. My parents sent me to private / very good public and their investment means I now support myself. This is how I think about spending for my children - what spending would allow them to live the amount they want. I think that's the right way. In terms of the what ifs I agree, but if the question is private school vs inheritance, the answer is a total no brainer. [/quote]
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