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Private & Independent Schools
Reply to "Payment schedule/plan for private school"
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[quote=Anonymous]We did 2 lump payments/year initially with one child in private school. Now that we have 2 kids in school, we do monthly. I like monthly for the following reasons: (1) we earn interest on the money during the year, which offsets the modest discount for lump payments; (2) we find it easier to plan and monitor our family budget with monthly draws instead of lump payments; (3) if an unexpected issue arises, I think we are better positioned with the money in our account versus the school's account.[/quote]
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