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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]NP - also in 400k HHI range. We have one child who currently is in fifth grade, and he has applied to private middle schools for next year because our public middle school and high school are not very good. Of course he might not get in, but we've applied pretty widely and hopefully will get in somewhere.

Now I'm starting to second-guess the financial wisdom of spending 50k/year for the next seven years. Our mortgage is about $3,900/month. We currently have been saving about $4,000/month outside of our 401Ks. We have about 170k in liquid savings (only recently started making 400k - had been closer to 250k until two years ago).

Is it crazy for us to spend so much money on private school at our income level? We had decided to do it, but now that we'll only have two weeks to decide for sure, we're getting cold feet.  [/quote]

Can't answer this without stating your:

1) total retirement savings
2) parents age
3) 529 savings and savings rate
4) prospect for income increases
5) one or two incomes
6) home equity

[/quote]

Different Poster but I'm having the same thoughts. We just started making in the 400k range and have always been huge public school proponents but after dealing with DCPAS for a number of years am considering private but keep getting cold feet.

I'll provide this info but please don't eviscerate me. I was raised blue collar and never had money growing up so it's a different feeling for me at least.

1. 1.7 mil retirement and investment bt me and my partner
2. Partner and I are 35 and 40
3. 529 savings 60k for 2 kids
4. 2 incomes - 1 can go up, 1 is about maxxed out
6. About 600k home equity

Also can't decide if private school is "worth it". Also, I'm pretty anti-catholic but the closest school is a Catholic school and so trying to negotiate my feelings about that.[/quote]

A top private high school is worth it. Before that, no. Problem is it's harder to get in at ninth so you are taking a risk.[/quote]

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