Reply to Private school for half the cost, would you do it?

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Reply to "Private school for half the cost, would you do it?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I saw this post on the private board and don’t see how you can raise a family on 130k post-tax income if you have two working parents and need childcare/ help with 2 (maybe 3) kids.[/quote]

OP here. Just for the sake of conversation... We can and did it with less than 120k for the past few years. First of all we have great benefits and [b]we don’t need to save for retirement[/b] or health insurance. My older child has been at her private preschool (18k with no help from work because that starts at 5) for two years now and the younger  kid for 1 (16k) and we have a full time live in nanny. Maybe we live very frugally according to American standards: we Ride bikes, have a very old and cheap car, international trips are not expensive for us, I hate eating out so restaurants outings are rare, etc... I don’t feel like we are tight at all, but we are not Americans and are not used to sped the way people do in this country. Life is more expensive here than back home, but higher wages here at least double that difference. Does that answer your questions? Anyway we can do it, the real questions forbid whether we should do it or save the money and invest them
In real estate which is what we have been doing and what my family has done as well.[/quote]

In light of what's going on at the Bank right now, you'd be foolish to count on lifetime employment so yes, you absolutely do need to save for retirement.  [/quote]

This +1,000,000. I'm U.S. and under the new system and I put up to the max under both the voluntary pension and 401k. You would be foolish not to supplement.

I also posted earlier about expanding your k-8 choices. You are dazzled by Beauvoir because of your experience at NCRC but there are many other suitable privates. As another PP said, most people do public until middle or high school at the Bank. Many do public all the way through and save for college.[/quote]

Good points. We are also planning to supplement with rental incomes from properties we own.[/quote]

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