DS is going into Y1 in Sept at a boys-only London pre-prep, and the fees are already eye-watering. We only planned one child so we could do this (I think my reaction at my first scan was thank goodness there's only one!
) but it's still a struggle. He's there for the extended day Boffinmum mentioned, but in retrospect it was the best school for him, too, as he's a very boyish 5yo and can't stand girls! (Apart from me, apparently, as I'm not a proper girl! even bigger
)
But we did take financial advice to minimise outlay by going for tax-efficient plans, we remortgaged, we are so far scraping paying out of earnings (not very tax-efficient!) but once it gets to the point where we can't, due to fee increases and the like, then we have a reserve to use which should allow us to get him to Uni.
If it's any help, my total projected fees-only outlay for YR to Y13 is £299,150 (assuming 6% rises and that he goes to a local Indy senior school).
If I thought DS was not happy there, I'd have him out in a heartbeat and stuff my job. But so far, so good. If he's being a horror and refuses to get up for school, we ask if he'd prefer the local school instead. Oddly, he then gets up very fast!
So far extras have been very small: £20 for the school trip, and some items of uniform that are customised. Blazer (yes, it's stripey!) was an extremely stupid price, but I have two secondhand ones in the cupboard waiting for him to grow into them. I have secondhand scarf, tie, art apron (yes you even have to buy those!) and anything else I can get my hands on. Y3 (Prep) is where things go up and when you get the specialist sports equipment to buy. Again we're planning on inflation-proofing by getting stuff years in advance - fees go up but so does kit! I also am always very polite to the Bursar!
My best advice to anyone is plan ahead (with professional advice if possible), and always overestimate cost increases.