Reply to Is anyone reason for not having more kids $$$?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We want a third but since the eldest is already in private school I don’t know how we could do it. HHI of 700k but unlike PP we don’t take luxury vacations or have luxury cars. [/quote]

:shock:

then what on earth do you do with all your money? [/quote]

Dp here. 700k after taxes isn’t as much as you think.

We have a higher HHI and we send our 3 kids to public.[/quote]

Before taxes it is 3x what we make and we live pretty well. not luxury but we travel, do most things we want to do.

If I have 3x my salary I would be living it up. 
If people aren't living well on 700k then they  must be terrible with money[/quote]

What would you have to do to make 3x your income?[/quote]

be in an entirely different field of work. I don't even really know what professions make this much. [/quote]

That’s my point. To make this money we both had to go to an overpriced law school (I got into UVA Law in state and just tuition today for in state is $48k; full cost of attendance is around $70k/yr). Then you have to pay someone else to do all the stuff you can’t because you’re in this job—cleaning, laundry, a million other little “convenience taxes” because you don’t have time to be something other than “terrible with money.”

No tears for me. I chose this and I’m happy. And I don’t stress about money and mostly get to do whatever I want. But sending a 3rd kid to private school is probably not realistic. [/quote]

Sending your kids to private school seems fiscally irresponsible when you still have student loans and even have car loans!!!

I went to Harvard and NYU and get the high price tags of college and grad school. That is why I want to be able to pay for my kids’ college, grad school and a down payment on a house for them. It looks like college alone will be 500k for each of my kids.[/quote]

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