If your kids go to private school how much do you earn?

[TimeDrainer]

Just curious. Dd1's school fees are 12000 a year and our combined annual net house hold income is about 120000. We also have Dd2 whose nursery fees are about 1100 and a mortgage of about 800 a month. We are in the North of England. I wonder how this compares to other parents who send their kids to private school.

Most parents at dd's school are consultant doctors and probably earn substantially more than us. No need for violins by the way. I know we are hugely privileged. I do worry sometimes whether we can afford it and that is probably my aibu.

(We made a snap decision to send DD to private school as she was so unhappy at her local school and back then we thought if we have some disposable income the most sensible thing to spend it on is DD's school If it makes her life a bit easier. ).

It's so relaxing having children at state schools - I think that I would push my children to justify the money! My ex and I have a joint income of 120k (gross), two small mortgages on two properties and we wouldn't be able to afford private schools for the one child left at home.

Is that gross ?
that’s tight

we are net £112k and school fees for two kids £30k.

Not from wealth or expecting it in future.
I fully intend to spend every penny while here to improve all our lives, and intend to leave very little to deal with when I'm gone.

I don't earn anything like these sums, but have been able to fund the fees for my daughter from the profit of selling my home in London and moving out of London to my home town and being mortgage free. Being an older parent who benefitted from university before tuition fees and low mortgage rates over the last 20 years is how I can afford this.

I was very fortunate to benefit from a private education and it's a definite priority for me. It's not about academic results but more about her having a happy school experience. I plan to help fund university and help with a deposit for her first home as well. I only have one child which makes this achievable.

We don't have a lavish lifestyle but I am fortunate to only work when my daughter is at a school and have the luxury of time off with her in all the school holidays, and we go on modest holidays . I'd much rather have the family time than go to the Maldives and have a big house and fancy car.

Gross house-hold income about £160K - £260K p.a (varies alot year to year). Our 2 kids private school in London, which is £40K p.a.

Combined income of £400k. It’s comfortable with 2 DC at prep school.

We’ve already have a 14% increase this academic year!!

For 120K gross, my rule of thumb says you can only afford one child in private school, not two or more.

Joint gross income is approx 160k and we have reduced fees as I work at DC’s school. We do have high expenses though such as the mortgage (just gone up massively).

Dull school fees are about 13K.

Our situation is tight, 140k for household income, 2 in private school, big mortgage 2.5k. We do ok though!

The next two years are the only two when we will have 2 DC at private school. DS is moving up to private secondary, DD going into year 10. She will go on to state grammar or sixth form college, he went to a local primary.

We found out yesterday DH bonus will easily cover both sets of fees and are very relieved. We have a high basic income (350ish joint) but can’t say we’d been looking forward to finding the extra given how expensive life is at the moment. Our fixed rate mortgage ends in three years so there’ll be a lot extra going towards that for a while.

27k. One Dd at private school with the help of a non-academic scholarship. We live in a tiny house with a small mortgage and budget down to the last penny. My ex does not contribute. It is tight but we have managed so far!!

225k joint income, older DS has finished private school and is now in Uni. Younger has 3 years remaining before Uni.

Managed comfortably, we have a lovely home with a monthly mortgage repayment of less than 2k.

Holidays are modest relative to some families in the school but we’re all happy with our choices.

We've got a combined gross income of about 100k. DS is just finishing Reception and will most likely stay at his independent school until the end of primary. We'll decide on secondary once we get to it. Not sure, yet.
We are also currently going through IVF, so there might be a second one joining him at some point.
However, we only pay about £250/month in school fees for DS and this will drop further once he gets to Year 2.

Nothing.

I'm no longer working, and claim carer benefits instead. We are flat broke.

My child's place at an independent school is funded via his EHCP.

Combined around 500k. Cost of mortgage (gone up) nanny who we pay full time as there are soooo many holidays in private plus 2 sets of fees and we are constantly skint! Seriously!

No offense but on 120k i say don’t do it as it’s not just the fees, there are loads of extras, posh uniform, trips etc and really long school holidays to cover which is pricy as usual holiday clubs etc don’t run when a lot of the privates are off meaning you either need to get extra time off work or get pricy childcare like a nanny

Around £300k plus a bonus. Mortgage nearly paid off. DS1 in private (dyslexic) £26k per year. Feels affordable and worth it for him for the small classes. State school was awful with him. He’s on a sports scholarship with 10% discoing.

DS2 wanted to go to the local comp with his friends! He’ll do well there so no desire to make him go to private though we would have paid if he wanted.

We only did this from secondary though. I wouldn’t bother in primary.

We make a little over 200k when both working fulltime, not including DHs bonus which can be very generous. We don't have a mortgage etc. For our 2 kids their school fees are a little over 6k per term, but this is London. My parents contributed £12,000 to the fees for the coming year (paid all in advance), but what that has saved us has gone straight into the costs of wrap-around care more or less.

@UnsureSchool32 @Wenfy how far ahead do you pay in advance? Just the current year or years ahead? What levels of discounts are you getting? I didnt realise this was a thing. Are there any other discount hacks?

Hello is that Gross or Net? We are on £460k Gross which translates to around £21k/month. I dont have a full time nanny and live in a modest 5-bed house. Mortgage at £2k/month, utility bills £1.5k/month, holidays £1.5k/month, living expenses £2k/month, nursery fees £1.5k/month, £500/month misc insurance for house/car etc.
DD currently in state school in Y1 but we're looking to move her to an independent school.
My DH bonus c. £500k. It sounds like a lot of money (and it is!) but it seems to really just disappear quicker than it is earned!!

Joint household income just over £60k. One child at private school funded by EHCP.
One child, also autistic, but academically gifted and an imploder not exploder so no EHCP but major mental health and anxiety issues at mainstream, at the same school funded by us at £15k.
we do it by no holidays, old and cheap cars, volunteering for holiday enrichment in areas that each child is interested in, few clothes (and not expensive ones), ragout in cheap restaurants on birthdays only. If your child is coping in mainstream, the sacrifice might not be worth it. For us, it’s crucial to give the youngest the chance at education. Cheaper than home education (once you take off the salary).

We could just about afford private but it would take most of our spare cash so we made the decision to spend the money on holidays, exchanges, extra tuition if needed, music lessons etc. We are lucky though that the local schools are good and my kids are happily average _good! A friend once told ne there is nothing worse than being the poor kid at the rich school ..

Hello is that Gross or Net? We are on £460k Gross which translates to around £21k/month. I dont have a full time nanny and live in a modest 5-bed house. Mortgage at £2k/month, utility bills £1.5k/month, holidays £1.5k/month, living expenses £2k/month, nursery fees £1.5k/month, £500/month misc insurance for house/car etc.
DD currently in state school in Y1 but we're looking to move her to an independent school.
My DH bonus c. £500k. It sounds like a lot of money (and it is!) but it seems to really just disappear quicker than it is earned!!

I have to assume this is a satirical response. If not, get a grip.

I earn just under than £10000 a year but DD1 got a scholarship and bursary. Still a massive stretch for me though.
Most of the kids at her school have parents who are consultants too, alongside business owners and the like. We are in Norfolk so not a hugely expensive area