Reply to We can’t afford it but she wants it. What do I say?

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[quote=Anonymous][quote=Anonymous]OP here- we both work. HHI around $220k. We drive older cars hence my car breakdown concerns.  We refinanced during the pandemic but it’s now on a 15 year and there’s no way we’d refinance to a 30 year now. (Clearly weren’t anticipating this). We are otherwise fairly conservative on spending- but the DC area is still what it is. The schools being considered are on the cheaper side for private— around $35k for the HS. We may be able to compromise and send them to only HS, but I haven’t approached that yet.[/quote]
We have a 15 Year mortgage as well.  The 1st few years of it were really tight.  We are now 3 years from paying it off - and it coincides with when my 2nd child finishes up high school.  This feeds directly into our cash flow model where we will have that additional money that was earmarked for mortgage payment to redirect to college costs.

We have children in a mixture of private and public schools based on each child's needs.  
One child is in Catholic High School right now - and tuition is in the low 20s - so the $35K that you are considering is less than the $40+, it is still at the elite levels.  Are there other options? [/quote]

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