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Private & Independent Schools
Reply to "Private school -- what portion of income are people spending?"
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[quote=Anonymous]Ouch!! Our bank account just got hit with our first tuition payment of $4,200. This is going to be our monthly payment for the next 10 months. We are a one earner family which nets between $800K and $950K a year depending on bonus. Bonus is deferred and health insurance 100 covered. Our monthly take home is around $25K. No debt beyond a $2,500 monthly mortgage. We drive 7 year old cars and no country club membership. So I think we are good for another 4 years of private school. College is funded through 529.[/quote]
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