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Reply to "ok, don't crucify me.. question about financial aid. "
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[quote=Anonymous][quote=Anonymous]Sounds like you are overspending. [/quote] No, we're currently saving. But let's say a tuition bill of $126k a year. $350K -$36K (401K) -105K (taxes we pay between federal and state) -$48K ($3150 total house payment plus I'm rounding up all house-related expenses to $4K a month--expected repairs/utilities--etc). -126K tuition. -$5K health insurance premium. $2500 a month. Could you raise 3 kids in DC on that? (ALL expenses either than housing. Yes, of course it could be done... It's done by MANY people in DC all the time). But that $2500 would cover ALL food, cleaning supplies, clothing, any school or after school/sports activities for 3 high school kids, college savings, travel, medical copays and costs, gas, life insurance, cell phones, TV, car insurance, etc. You have to admit it would be tight. [/quote]
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