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Reply to "If private school is a financial stretch for you, has it been worth it? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I hear you. I'm a parent considering private school now for my three kids. HHI of $900k and a relatively low mortgage ($400k house, $2800/mo). And still the cost of private school is a major factor in our decision making process. About $100k/year in after tax dollars to send our three. I don't want to work forever but I want a retirement income that doesn't feel like a step back, so we need to save and invest a lot. Tuition would seriously impede our ability to do that, and it would also impact our travel budget, and just our general relaxed feeling about money. Three kids are expensive - all of the activities, enrichment, clothes, food, childcare for the baby. And like you said - when you add up the cost of a 13 year education for three kids - it most certainly is staggering. We are currently in public now and kids are doing well and are happy, but I am wrestling with whether we should move them to private to give them the best education we can.[/quote] You’re not in dc if you have a $400k HOUSE. And it sounds like private school is only $30k a kid where you live. [/quote] Yup, you got me. I'm not in DC.[/quote] I'm guessing Baltimore, hon![/quote] Pittsburgh actually.[/quote]
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