Reply to If private school is a financial stretch for you, has it been worth it?

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[quote=Anonymous]At an income of $500k, private school is not a stretch for you if you decide it’s your priority for “luxury” in your life. If you also have a $2M home and lots of vacations, and lots of activities, self-care, and outsourcing, it will be a stretch. You don’t make enough that you can do/buy whatever you like, even though it seems like a lot of money.

When we put our first child in private school, we were making about $500K (paying for preschool and childcare for younger siblings). Money was tight becasue we bought a $2M house in the suburbs thinking we would use the public schools (we switched after K in public). DH’s income has gone up so we can afford to have all three in private and still save for retirement and it doesn’t feel quite as tight, but I still feel tired all the time. It does get easier as the kids get older - my youngest is 4 and it isn’t quite the grind it used to be.

But we don’t drive luxury cars, don’t buy expensive clothes, so modest vacations, etc. I sometimes wonder if people who haven’t been to our house think we are on financial aid because our lifestyle is much more visibly frugal than most families at our private school, and even more frugal than many of our friends who send their kids to public school. Many folks in our neighborhood (who use the public school) have luxury cars, have season passes for skiing, take several vacations each year, eat our regularly, etc.

Im not envious because we prioritize paying for private school and saving for retirement in our budget. [/quote]

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