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Private & Independent Schools
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[quote=Anonymous]We are in very similar financial circumstances (almost could have written those numbers myself) and pay over $40K in college and parochial tuition now. One of our kids plays a travel sport, and that's probably another $6-7K a year, so let's call it about $47-48K total. We are careful with our money but manage to save 15% for retirement and put money away for college (admittedly, not much). Our vacations are on trips for tournaments and at a family-owned beach house, we have three paid-off cars that we hope won't need replacing soon, but we are comfortable (though definitely careful). I would say you could easily afford one tuition at a private, but two would be tough. Btw, don't assume that because one is in private, the other has to be. We know lots of families who do both. [/quote]
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