Reply to HHI to send 2 kids to private w/o FA?

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[quote=Anonymous][quote=Anonymous]Here's what we do on $150K:

Mortgage:  $1500 (close in, bought in 1994)
Health:  $800
Tuition for 1 kid: $3K 
Utilities: $600 
Retirement: $1300
College Savings $400
Food/Sundries/charity: $4K 
"Cushion": 0

We just meet expenses every month, or even go in the red $1K or so, but that includes funding TSP to the max and some college 529.  We have substantial savings, retirement and investments from pre-private school life ~$800K that is our cushion and we dip in occasionally, which is what we planned to do.  We are still cutting back in a number of areas which I hope will keep us from dipping.  Tax refund, work bonuses etc. provide the cushion.  [/quote]

Another $150k family with one kid in private.  Our numbers are much different but we still manage one child in private school very comfortably.  Still have nice vacations and drive nice cars.  Save plenty for college and retirement, but we had our child later in life so we know we are lucky to have had a head start on such savings.  To add a second child, we could drop our vacations or add 50k to the earnings pretax.  I cannot even imagine how I would be living with $300k, $400k, or $500k a year!!!  Woo Hoo!!!  Trying hard not to be jealous here ... but seriously, it really is all about priorities and there is no one right answer.  Seems silly to seek advice outside of your own budget and expectations and priorities.[/quote]

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