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Do you pay multiple private school tuition?
Posted on 8/9/16 at 5:14 pm
Posted on 8/9/16 at 5:14 pm
I am not white, nor did I go to private school.
But in BR, how do the families afford CHS/SJA for multiple kids, an SUV for mom, vacations to destin or even europe and a big house in U club? I cant do the math.
Most asian families i know have an income comparable to these white families( and few black or Hispanic), but they live more modestly or frugal.
But in BR, how do the families afford CHS/SJA for multiple kids, an SUV for mom, vacations to destin or even europe and a big house in U club? I cant do the math.
Most asian families i know have an income comparable to these white families( and few black or Hispanic), but they live more modestly or frugal.
9
Posted on 8/9/16 at 5:18 pm to Boo Krewe
You've done this thread before and we answered it. LINK /
Combination of the following:
- Two working professionals with no debt outside house
- Support from grandparents/other family members
You'll have the 5-10% that are leveraging every dollar they have via debt, but those aren't the norm from my experience.
Combination of the following:
- Two working professionals with no debt outside house
- Support from grandparents/other family members
You'll have the 5-10% that are leveraging every dollar they have via debt, but those aren't the norm from my experience.
This post was edited on 8/9/16 at 5:20 pm
Posted on 8/9/16 at 5:36 pm to Boo Krewe
Since you brought race into this. Are you Indian? What race are you?
Posted on 8/9/16 at 6:32 pm to Boo Krewe
Two people pulling in $100k each can do that easily
Posted on 8/9/16 at 6:35 pm to Boo Krewe
How? Easy. Modern day America is running over with people who start singing, "I owe. I owe. It's off to work I go!" as they leave for work every day.
Posted on 8/9/16 at 6:53 pm to Boo Krewe
Not commenting on all of the other bullshite that many spend money on, but when it comes to my kids, they weren't going to a public school in La.
What we are paying is worth it in many great ways.
What we are paying is worth it in many great ways.
Posted on 8/9/16 at 9:10 pm to Boo Krewe
Maybe I am missing something, but Tuition on the high end costs what $9K per year? The average is around what $5K?
Thats not all that much if you are relatively debt free.....
I mean, $750 a month isn't hard to swing on $100K much less $150K.
Thats not all that much if you are relatively debt free.....
I mean, $750 a month isn't hard to swing on $100K much less $150K.
Posted on 8/10/16 at 1:03 pm to Boo Krewe
It hurts no way around it unless you are in that small club that makes north of $200k. Even those people can live above their means as well in my experience. I have three kids in private school and it is the equivalent of a house note on a decent home. Public school just isn't really an option i want to explore as long as i can write that check. Hurts even more this year with the pay cuts due to the oil field down turn.
Posted on 8/10/16 at 1:16 pm to Boo Krewe
Some people also think ahead. I currently live in New Orleans (guaranteed private school), my wife and I will do pretty well for ourselves when she gets out of school, but we have an agreement that if we stay here we'll probably only have 1 child. Unless our financial situation changes drastically, we will have to make too many sacrifices if we have multiple children.
Many people have more children than they can afford.
Many people have more children than they can afford.
Posted on 8/10/16 at 8:40 pm to Boo Krewe
Just be happy you aren't paying $10-15k in property taxes every year you own your home. You get better public schools like that, but you end up paying your neighbors tuition.
Also, be happy you aren't paying $1400-2000/month for daycare.
Also, be happy you aren't paying $1400-2000/month for daycare.
This post was edited on 8/10/16 at 8:42 pm
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