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Reply to "Budgeting for Private School -- Convince my spouse"
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[quote=Anonymous]How much do you have in an emergency savings account right now? I would be a little nervous about the budget you laid out given our own recent bad luck in suddenly needing a new furnace, and some other emergency expenses. You don't have a ton of slack in your current monthly expenses. That being said, our budget is similar to yours and we have 2 kids in a private school that we absolutely love but is our biggest expense. We are in the Whitman cluster and we still spend more than our mortgage on tuition, and we've agreed that we are both planning to work a few extra years to afford this luxury. It really is just a values decision, if you'd rather retire earlier or have more travel funds something has to give. Our family has agreed that our kids' tuition comes first but I certainly understand why other families make different decisions.[/quote]
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