Reply to Anyone with HHI of 160-170k send kids to private?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We do. HHI is about $170K. We have some grandparent help (most years) adding up to about $15k/year, and our child's tuition is $21K. For a while we had two children at the school but now there is just one there. (Our other children attend public schools.)  Cars are 10+ years old, house was purchased for a pretty low price in 2004. We live pretty frugally. My kids have always known that some of their classmates have a lot more money (extravagant vacations, new iPhones, etc) while others have less (smaller houses, fewer vacations). They are occasionally envious, but frankly they've also been envious of wealthy classmates in public school. It's a good life lesson: there will always be some people (fill in the blank: richer, smarter, luckier) than you, and there will always be other people who are (poorer, dumber, less fortunate). Be grateful for what you have and work to help those who might need your help. [/quote]

Ok, I'm missing something except your housing costs are very high because if grandparents are paying $15 and tuition is $21K, that only leaves you with $6K and you feel stretched?

We've done $14K for a child and didn't feel stretched at all.  We went to a basic small private where child thrived till they aged out.    It was the same cost as day care.[/quote]

I'm the PP you are quoting. I didn't say we feel stretched; I said we live frugally (because we don't want to feel stretched). We had two kids in that private school for two years (when we were still receiving "only" $15K from the grandparents), so those years were tighter. We are heavily funding our retirements and three kids' college accounts. I was making the point that what the OP asks-- is it possible to send kids to private school on the HHI s/he described. I believe it is, but of course it depends on the tuition and the number of children involved.[/quote]

Again, I do not get it as we could do $30k on less.  You only paid $20k a month.  [/quote]

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