Reply to How much do you spend on childcare monthly?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]4 kids (7, 6, 2, 3 m) - $5400 month
2 in Jewish private - $3000
1 in preschool - $1000
1 with nanny share - $1400

HHI - $200K :([/quote]

How is this possible? [/quote]

It's 5400 total per the first line.  Then they break it down to show you how they get to 5400.[/quote]

This. Our total monthly is $5400. Mortgage is $2100.

We got some financial aid this year at school but then DH got a big bonus so we are able to pay the entire tuition bill and turned down the aid.  I am a little concerned about what happens next year if he doesnt get the same bonus, but the financial aid application is based on the tax return with the bonus, but we'll deal with that when it comes.  We are very frugal in other ways: couponing, wearing hand-me-downs, older cars, limited after school activities (each older kid does one thing), etc.  Other than retirement through work (5%), we dont save much and only save about $200 a month total for all 4 college funds.

Its worth it to us bc we love our children's school and they are thriving there, but its definitely a sacrifice. [/quote]

Considering that this area has great schools, they'd probably "thrive" just as much in public school - and then you could use that money for their college.  They're not going to "thrive" as young adults when they know the amount of debt that have to go in just to get higher education.[/quote]

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