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

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[quote=Anonymous]We could do it on $325 and comfortably because

1) We consider a 1800sq ft, 3 bedroom, 2 bath house in a nice neighborhood with a mortgage well-under $4k (bought in the last few years) to be very comfortable. Americans generally have a very inflated sense of how large a house needs to be. And, we do our own yardwork and housecleaning.

2) We both work FT, but have enough flexibility between the two of us that we don't need a nanny, although we do use after care on occasion.

3) We bought our car (Honda minivan--not a luxury SUV) in cash and this is our only car.

4) We shop almost exclusively at WF, but we like to cook at home. We eat dinner out once a week at family-type restaurant.

5) We take vacations to see family. When the kids get older, I suspect that vacations will be more expensive because we would like to take DC to new places.

We can still afford all the extra-curriculars the children want to participate in, eat well, dress nicely (though not in designer clothing), and save for retirement and college. This is what I think most people would consider comfortable. I don't think we've "sacrificed," and frankly, the "you need $500K" people seem to have lost touch with reality. [/quote]

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