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Private & Independent Schools
Reply to "Private school -- what portion of income are people spending?"
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[quote=Anonymous][quote=Anonymous]Also, letting go of your nanny at K is easier said than done. If you have demanding jobs and you like your house to be neat and your life to be organized and relaxing, you’re going to want to keep the nanny on if the nanny is willing. That’s what we did.[/quote] This is absolutely true. I needed after-school help for many years after K because music lessons, sports practices, etc. all started well before either my husband or I could get home (and I only work part time). So you will actually need after-school help and good cleaning people. Gets easier once they are in high school. As an aside to all of this, and definitely unsolicited, think about what big law life means. Someone mentioned golden handcuffs - this is definitely an issue. People put themselves in the position to not be able to get out even if they are miserable. Clearly this is not the case for everyone and many people are very happy in big law. We opted out of it pretty early (I was never interested - I am a public interest attorney) because we saw its impact on many other family members and friends. Instead, my husband opted for a more niche practice area with more moderate sized firms (~300 attorneys?) that has done very well and given us a ton of flexibility. He's had time to coach sports teams when the kids were younger, able to watch almost all of their games in middle and high school (our youngest is now in high school), attend all school events and we've been able to travel often without him having to work throughout the vacation. Yes, we made some financial trade-offs but we are very comfortable. As to schooling, we figured it was easier to go from public to private rather than private to public (although some do this too). One stayed in public and the other switched to private. We just did what was best for each kid. That's just my two cents - feel free to ignore it! Lastly, ignore the poster(s) calling your savings pathetic. I would hate for someone to judge my financial decisions in my 30's. With nine years of post-secondary schooling (and a . year off between grad and law school) I was pretty close to 30 when I finally finished. My finances were not something I would have wanted to be examined publicly at that point! But we worked hard and are happy with where we've landed. [/quote]
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