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[quote=Anonymous]I want to push back on the ideas that someone with a HHI of $450K is unreasonable to take cost into account.

We have a HHI of about 400K. We  have been saving for our  children's college since they were quite young.  Our income has gone up gradually over time, we are double feds.

We should be able to pay for private (and will at a minimum pay for OOS because we live in DC).  But it is by no means no big deal to prepare to spend roughly 600K over 7-8 years (there may be a gap year in there) and we have had a good income for a long time.

We have prioritized living close to where we work in a good school district so our kids can go to public school and we can spend more time with them.  Yes, our house was expensive but it is not a crazy mansion.  We renovated it when we got through the daycare years, that turned into a higher mortgage, but the renovation was a huge improvement to our day to day living.  We are feds but we both have fairly senior level, high stress jobs and we prioritize things that make our lives easier for our sanity and a calm home for our kids.

We prioritize experiences that we think are important for our family including our children.  Things such as sleep away camp, travel sports, subscription ticket, etc. can add up very quickly. We think travel is an important life experience.  We are saving for retirement.

That is to say we do not spend money on designer bags and a beach house.  We make choices and we feel lucky to be in a position to do so.  We will likely have about 200K saved for each child by the time they reach college and will be in a position to cashflow the rest if the college choice is worth it given a variety of factors (e.g., we would have paid for University of Chicago in the example given above if that were our child).  We would not, however, been a position to pay for private college in full out of pocket if we were not in a position to be saving substantially for many years leading up to college.[/quote]

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