re: Do you pay multiple private school tuition?

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No car and stop eating out as much and you save $9K a year. That just from those 2 things.

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So no eating out at all year long for your family? One meal a week for a family of 5 is easily $50. That sounds like a swell idea but it's fcking impossible in reality.

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Hey moron. Spending $250 a month on eating out can be done and I guarantee you, most people spend at least this:

$20 for two people to eat lunch out once a week during the work week (God forbid you forget your lunch one day and spend $10)
$25 for pizza once a week (for the kids, is that okay?)
$40 at Jason's Deli once a week

This alone is $240.

PS. I can and do afford $30k in daycare for 2 kids. ALso, good luck finding a 4 BR house in Franklin or Brentwood or anywhere in Nashville right now for under $400k or without a $350k mortgage.

I'm just trying to get it through your tiny pea brain that if you only have a household income of $150k, you likely will have no money leftover if you send your kids to private school.

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I actually have more debt than this and and higher household income. I'm doing just fine. People with household income of $150k or less and send their kids to private school with no outside help are not.

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Here's how fast 150k goes (assumes two kids in daycare/private school): 18,000 Taxes (assumes 12% effective tax 15,000 401k @10% 24,000 mortgage (assumes $350k mortgage (P&T+Taxes) 30,000 daycare for 2 (2500 per month in Nashville) 6,000 1 car payment ($500 per month) 9,600 water, electric, cable, internet, cell phone, car insurance 7,200 (IRAs two roths and education 1 education IRA at $200 each) 3,600 Gas for the year 9,600 Groceries ($800/month) 3,000 Eating out ($250/month 3,000 Vacation (week at the beach + food, etc 5,000 Healthcare Premiums for family 1,000 Life Insurance Premiums 2,000 Summer camps, babysitters throughout the year 2,000 Misc sports (season tickets or a few games or weekend trips) 5,000 Misc repairs for AC, care, house, roof, plumbing, new tires, etc. 1,200 HOA dues 4,800 School supplies, computers, cell phone, clothes, Christmas, Birthdays, Furniture, etc. There isn't much room for anything to go wrong or to really buy anything and that's being really tight on groceries and eating out. Also, assumes no other debt besides house and car. I pay $2500 per month for daycare on Nashville. Private schools are $20k+ per year per kid. Between daycare and a private high school for 3 kids, I'd pay over $800 easily. No way I am doing that for a high school education. Trust me, other people are paying or someone else is paying for vacations, season tickets, or they are not saving a dime for retirement or college if they are only making $150k and sending their kids to private school.

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