Reply to Private school -- what portion of income are people spending?

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[quote=Anonymous][quote=Anonymous]OP here. I didn’t mean for this to become a critique of our spending decisions, but that’s on me for including our budget info. Now that it has, though, just want to be clear that our savings isn’t only the $70k I put in a later post. I just forgot to include that $70k in my original post detailing our savings, which also includes $250-300k in 401k (depending on the market), $200k in stock and alternative investments, and $600k in home equity. Is that still pitiful? My spouse and I both went to grad school and are 31 and 36, so haven’t even been in our careers that long. Considering our income was around $450k until a few years ago and we came from a high cost of living area, I don’t know what we could have done differently to save more.

Ultimately I understand we have to decide what we’re comfortable with and weigh other non-financial factors, but to bring it back to the reason for my post, it’s helpful to get context from other people on the cost.[/quote]

Of course it isn’t pitiful, but I would prioritize yourselves before shoveling money into private school. You have the opportunity to be financially secure and private school is going to slow that down significantly. Save save save and then private school.[/quote]

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