As a casual observation, if they didn't drop $9k a year on private high school, they could build a suitable emergency fund pretty rapidly.
I went to college at a highly-regarded public school. Many of my friends went to private high schools. Many ended up paying significantly more for their high school education than they did for their college education. MANY were steered towards public colleges since mom and dad were already fronting $20k a year in high school tuiton for younger siblings. My girlfriend attended college for FIVE YEARS at roughly the same tuition cost of ONE year at her high school.
But hey, they think it's a necessity, and are willing to foot the bill for it. Just don't complain when you are still broke.
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Originally Posted by disneysteve
And I'm sure 160K for a family of 5 doesn't go all that far in Boston.
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Beyond housing costs, which seem reasonable ($1400) in their case, what would make Boston any worse than most major metro areas? Health Insurance is mandatory I guess. Toll roads? Parking downtown? Gas prices here are not sky high, there is a great public transport system. I guess with the housing part removed I don't see how it would be substantially worse than say, Atlanta, Chicago, Miami, etc.