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Private & Independent Schools
Reply to "How much $ do you make if you send more than 1 kid to private?"
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[quote=Anonymous][quote=Anonymous]Wide Range of incomes--- depends on what your other big expenses are. If you have the 5K per month mortgage, versus rent for 2K a month; if you take nice vacations, versus not; lease new cars versus not; how often and where you eat out; how much you put aside in 401ks, and so on. Other than that, do a search on "HHI" in this forum and you will get to see what this range is. [/quote] This poster is right, except she forgot how many kids you have and how much outside of your 401ks you put away for (name your fund - college, retirement, rainy day, wedding, etc.), too. Plus it's post-tax dollars, so depending on your income you may need to make twice the tuition cost just to be able to pay it after the tax bite. We have too many big expenses (working on that - hello, financial planner!). As a result, with an HHI of about $800K, we are comfortable with two kids but couldn't do four. Luckily, we have only two. YMMV. [/quote]
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