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Reply to "How do people afford it? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don’t see how you can afford that. We have similar income but paid off mortgage, and no way do I think we could afford private for our kids without going on a very tight budget everywhere else in our life. [/quote] At $450k with $80k as our largest expense we make it work. We have a small house with a very low mortgage and interest rate, no other major expenses. We are pretty frugal and do mostly vacations driving to visit family and watch all of our day to day expenses. It’s not that comfortable but it’s do-able.[/quote] What kind of a cushion do you have if you or your spouse was laid off? Or are you both in very secure jobs (fed, physician)? I wasn't comfortable paying for private until I knew I had enough savings that I'd be ok if I were laid off at age 50 and never got another job at anything new my current salary.[/quote] We are in very secure jobs and have saved a good amount for retirement and college but if one of us somehow got laid off our kids would go to public school. We could afford the rest of our current lifestyle with one salary but we consider private a luxury and it would be the first thing to go.[/quote]
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