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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]HHI (gross) is approximated $510,000/year (varies slightly with bonus). Two children, one in Big 3 private (started in high school). Younger child in public middle school oldest child attended.

We pay $50,000+ per year (no financial aid and no family help). We have always been amazing savers and the tuition is paid from current income, and a dedicated savings account we set up years ago for private high school. We live well below our means, so we don’t feel financially pinched at all. Our retirement plans and children’s college funds are fully funded. We also take one trip abroad each year.[/quote]

Your comments are silly.  On $500K a year why would you be pinched.  You can comfortably send both kids and live your lavish lifestyle.[/quote]

They can afford it, but I don’t think it would be a luxurious lifestyle. That is about 250k takehome. If both kids are in private, that’s 100k of the 250k. Yes, people can live nicely on 150k takehome, but it definitely is not lavish. [/quote]

Correct. We live a very comfortable, but not lavish lifestyle. We bought our home over 15 years ago, so our mortgage is well under $2,000/mo (thanks to refinancing at historically low interest rates). We live in a very nice Upper NW neighborhood (IB for Deal/JR), but our house is not a mansion.

The primary reason we don’t feel pinched is that our children attended/will attend our IB DCPS through 8th grade. That allowed us to save over $250,000 total in MM/CDs/high yield savings accounts from the time our children were infants (only for private school tuition). As a result, we only pay about 30% of the annual tuition out of our current income. [/quote]

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