Reply to We can’t afford it but she wants it. What do I say?

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[quote=Anonymous][quote=Anonymous]OP here- we both work. HHI around $220k. We drive older cars hence my car breakdown concerns.  We refinanced during the pandemic but it’s now on a 15 year and there’s no way we’d refinance to a 30 year now. (Clearly weren’t anticipating this). We are otherwise fairly conservative on spending- but the DC area is still what it is. The schools being considered are on the cheaper side for private— around $35k for the HS. We may be able to compromise and send them to only HS, but I haven’t approached that yet.[/quote]

Yikes, you cannot afford this on $220K.  Trust me, as I know from experience.  Our kids are now 18 and 20, but I was hell-bent on sending them to private starting in elementary.  We did so (at a similar HHI), but then had to bail out and switch them to public in 4th and 6th grades.

Then my in-laws offered to return them to private school at their expense.  We said sure, but then they've had to pull back a bit over the years.  We still kept the kids in private, but it has been kind of a financial disaster for us.  (We now have a higher HHI, and so that helps, but we have almost no non-retirement savings, at ages 51-52.)

If you do decide to go private, you may even qualify for financial aid.  It's worth a try.

But consider moving to a good public district.  Then once you've made up your  mind, embrace the schools and invest in them (with your time and PTA contributions).  It can make you miserable to be at a public school, and always pining for private.  Better to just embrace it and help to support it.[/quote]

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