Reply to Starting at what HHI or net worth would you feel comfortable paying $32k private school tuition?

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Reply to "Starting at what HHI or net worth would you feel comfortable paying $32k private school tuition?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Sounds like you live over your means.  We make $150K or so and we could comfortably do it.  You can very easily do it but may need to reconsider your housing options.[/quote]

OP here. I don't think that you can afford $32k private school on a $150k gross HHI.

I don't want to have to commute one hour to get to the private school, which is close to my office. So for this reason we would like to live closer by, hence the more expensive house. [/quote]

I KNOW we can as we've done it for a few years as we have a child with SN and who needed therapies.  You don't need to move closer or get a more expensive house, you choose to want it.  Need vs. want.  We live in a very small, cheapest house in the neighborhood at the time we could find and have aggressively paid the mortgage so in a few years it will be paid off.  So, in two years it will be paid off (but we could do it now) and we drive older car/paid off car.  Its how you spend/manage your money.  Your priority is a house and mortgage so no you cannot but you could if you wanted to.[/quote]

Then you are saving at a lower rate. You have to cut somewhere to spend that high a percentage of your pretax income on private. Lots of families do this but many do not make that choice.[/quote]

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