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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What is definition of donut hole income for DMV? Just curious - I am guessing HHI $200k-$500k?

I have $700k HHI and 3 kids in private; i do. Ot consider myself donut hole - it sucks to have to pay $90k/yr for college but i feel lucky to be able to afford it.  It is confusing when i hear peers talk about donut hole, because we are so so lucky to have what we have and i can’t complain.[/quote]

150-225 is donut hole. maybe 250.  not 700 lol[/quote]

+1  :roll: at someone with $500k+ whining about paying for college. Especially when they are already comfortably paying for private school. That's probably costing you something like $50-$60k, right? So paying $90k/yr for college is the same hit to your pre-college budget as the public school family paying for their in state public college. And I should hope at the income level you have a lot more slack in your budget to pay for it. If not, you must be really bad with money.[/quote]

I cannot imagine paying $40K+ for private K-12 (or even HS alone) and not having enough saved for college for the kids.  [/quote]

Exactly.  It’s about lifestyle choices.  There are good reasons to send a kid to private with SN or learning disabilities but for most kids, tutors are just fine.[/quote]
Well, imagine it. You can keep on paying the $50K, but $95K would be a stretch. Would it have been better to save that $50K every year to be able to pay the $95K? Who can say? [/quote]

Its better to make sure you can pay for college and grad school prior to choosing a private baring SN.  Or, don't complain.[/quote]

1000%

Sad part is, most could afford Private k-12 or Private HS and then 90K college, they just refuse to cut back elsewhere and save.  I watch people like that waste $2K+/month on dining out and Starbucks for their families.  And that's all I see without even trying.  And they are often the people whose 8 yo was wearing Lulu and Uggs (real ones)---you know things the kids will grow out of in 3-6 months at that age.  So many opportunities to save, and yes some are small, but it's a mindset and when you "must have the best of everything" despite not being able to afford it all, you end up not being able to afford something, and sometimes they realize that for the large items, like an extra $40K/year/kid for the elite colleges.

[/quote]

We do splurge on eating out but we don't go expensive.  I never go to Starbucks, I pack everyone's lunches and we aren't buying designer clothing.  We haven't been on vacation since before covid.  We also splurge on kids activities.  [/quote]

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