I'm amazed that many posters on here think that anyone could afford private schooling if they just 'cut back a bit' - on what exactly?
DH and I both work part time and between us we bring in the same as one decent salary (ie more or less what one of us was earning 10 years ago before kids cam along...)
However, we can't afford private education - a good friend of mind pays £15K PA for her two boys at private day school. How could we afford £15K?
Well, we could sell the house and downsize? We live in a 3 bed semi that we bought 10 years ago and have around £80K equity I guess, but our mortgage is £85K - what would we get with a smaller mortgage than that?
We could get a private rented house? but the rents I've seen are about the same as our mortgage payments.
We could get a council house? how, exactly?
We could sell our second car, a 10 yr old Clio? but then how would I get the kids to school, get to work, then back to afterschool club and then home again every day with no public transport to where I work?
Should I give up my job? But that's 50% of our income gone.
We could give up holidays? but the last time I got on a plane was 1999, so not many savings there.
The point is we're not low income by any means but there is probably only about £2K/PA worth of 'luxuries' I could give up - and I'm not being disingenuous. What do I give up - shopping at Aldi?
I couldn't save £15K a year however hard I tried, and if I could I somehow doubt if I would spend it on giving my children the marginal advantage that a private education would confer. Maybe I'm lucky that our local schools are generally good - but on the other hand I know quite a few people who send their children to private schools and on the whole their reasons are not 100%educational. One friend has a horror of her children developing a Brummie accent. Another wants her kids to be in school with 'people like us'.
On the other hand none of the people I know with children in private schools do actually seem to go without their second cars, big houses and several foreign holidays a year...