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Reply to "How much do you spend on private school and what is your HHI?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]$440, 1 child, grandparents currently paying. Not sure if that will go on forever and I do think $50K tuition if they stop paying will be a stretch with income. We could certainly make it work but it would really cut into our ability to save. And yes, grandparents pay school directly as a way to funnel more money to us for estate planning. Although I don’t think we get the max in cash from them each year. Is it $15K per person? So technically if you have a family of 3 you could get max of $90 a year (2 parents paying max to 3 people?)[/quote] What are your other expenses that would prevent you from affording 50k tuition on 440k hhi?[/quote] Our mortgage with escrow is $6500. But that’s it. Our take home is $20/month. It does seem like we should have more money but we do probably save at least $5K a month so I said we could certainly afford it, we just wouldn’t be able to save much. But it’s tight with summer camps, vacations, groceries, babysitters, house repairs. We don’t feel like we have endless money. [/quote]
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