Reply to We can’t afford it but she wants it. What do I say?

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Reply to "We can’t afford it but she wants it. What do I say?"

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[quote=Anonymous]In 20 years your kids will be cursing you for saddling them with college debt because you weren't able to cover their higher ed costs after blowing your money on private high school. I know people who have done this and they are completely over extended even though their oldest hasn't even started college yet. It's a hot mess. Their house and cars are in disrepair because they can't afford basic maintenance and repairs. They have no financial cushion. They can't even afford to have their old tires changed on their car even though they are bald. And their kids think it's not big deal to demand money so they can keep up with their wealthy classmates at the private school.

OP, you must fund the essentials. Extras and luxuries come after the essentials are all in place. And an emergency fund is an essential. So is your retirement. Next comes college savings. Then, after all that is taken care of, you can consider making an unnecessary expenditure on private K-12. Tell your wife that you're willing to go together to speak with a financial advisor about this. No advisor will say yes to her crazy idea. [/quote]

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