Reply to household income of 250K to send kids to private school

Forum Index » Private & Independent Schools

Reply to "household income of 250K to send kids to private school"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]I'm not sure what we're doing differently than everybody else.

We have a HHI of about $300K.  We send our kid to public, but could easily do private out of pocket.  We have a second home (inherited) that we pay to maintain. We take an international trip every year or two.  We own a small boat. [b] Our house is about $1.1M with a $550K mortgage, [/b]and we drive a 2015 Toyota that we paid cash for.  We eat out far too much and seem to buy our one teenage kid way too many clothes (had to take a bunch to goodwill recently to make room for new acquisitions).

We have a fully funded college fund and may out IRA and 401K through work.  We put probably $25K a year into fixing up our house, and last year we pre-paid $50K on our mortgage balance.  We'll likely do the same again this year.

What do people spend all their money on?  [/quote]

How much would your house be now if you were buying?  That's most likely what others are spending their money on at your salary - the mortgage for the same house at a higher price!!
[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics