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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]HHI $100k, receive 60% FA. [/quote]

How can you afford to live? Not being sarcastic

The economic policy institute has a family budget calculator that estimates a family with 2 adults and one child needs $83,675. http://www.epi.org/resources/budget/

60% of $30,000 (typical private school tuition around here) is $18k

83675+18000 =$101,675. [/quote]

It's not my situation, but everyone makes different lifestyle choices. I have friends with a HHI of $200K and they ONLY shop in thrift and consignment stores (even for their kids Christmas gifts). They also have one car that is about 10 years old and not fancy. They take only take vacations that they can find on discount through Groupon, Living Social and CerifiKid (they love those time share deals where they get a few days for eithe free or $200 and they attend a stupid session knowing full well they aren't purchasing). They pay full freight at a private school for 2 kids. Material things just aren't a big deal for them. My point is I doubt those calculations really take in lifestyle choices.[/quote]

We are in a similar situation as the $100K HHI poster (same income, single parent of 2 who works full time) and do exactly as you suggest above. Can't speak for that poster, but this is how we "afford to live". Bought back in buyer's market and have an affordable mortgage in a decent, close-in suburban neighborhood. I rent out the legal basement apartment to help offset further. Get used clothes from family, new clothes as gifts, or buy clothes on deep discount at stores or online. Buy groceries on sale and rarely eat out, but use Groupon when we do. Drive a very reliable, but not fancy car that is kept in excellent repair. Vacays (what few there are) are to see family in other states and we drive, local staycays within driving distance like Hershey, PA, Ocean City or Six Flags and every couple of years those timeshare deals mentioned above. Take advantage of many of the great free entertainment activities for kids and families in the DC metro area. I also work a few hours several nights a week at a second job to put money away in savings and pay for the little extras for my kids like dance lessons or birthday parties. FA would be very helpful to attend a private and greatly appreciate those families who contribute. The rest of the cost would be defrayed by reallocating what I currently pay for childcare via child support ($20k) and what I kick in solo for eldest's current preschool ($10k) and putting it all toward tuition. My oldest will go to the local public for K and youngest to eldest's former preschool if enough FA isn't awarded. Both are options I'm ok with. [/quote]

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