if you are paying for private school fees...

[Crazymemo]

at joint / household level, how much savings do you have, excluding pensions and the property you live in?

if you pay fees 100% out of household disposable income, do you have much left over each month?

if you had a 5 years worth of school fees you want to set aside for 10 years' time, how would you invest that lump sum?

Not sure how it helps you but we have quite a bit in savings generally and 1 years fees (x2) in an easily accessible account
We pay school fees out of income though, just my earnings cover them so we have plenty left over

We pay school fees from income and always had. Son in yr 12 now. We only have 4K in savings but no debts. So just manage to cover everything but not a lot left over. No mortgage though. Went through 2 redundancies and lucky to find another job immediately. Paid mortgage and car outright with redundancy money rather than putting in savings.

Pay fees from income for prep but won’t be able to at 11+ so we are saving to meet that shortfall. ISA of 70k which we’ve decided just to keep in in our cash ISA

Paying for 2 schools from income. We have morgage and savings to cover 2 terms.

I actually found this really interesting. DS is registered to start the private school for pre-prep next year. We'll be paying out of income, and saving monthly during junior school so that we will effectively pay roughly the same amount each month/year throughout the whole school journey despite the fees steadily increasing. We do have substantial savings but they're all allocated to other financial goals.

I pay school fees directly out of my salary as I work at the school. I also get a discount so it make it more manageable. Based on the discount, we have enough in savings to see DD through her education although ideally she will go to grammar school for secondary. If DD went to a different indie I would have to return to work full time to pay the full fees but we could do it without too much of a struggle I think.

We pay from income but do have a good amount of money set aside, in investments rather than savings. We invest about half of our income. My work is freelance and I'm lucky that it's an in-demand area, so I think could take more on to cover a second set of fees when we have a second set of fees to pay.

We pay out of income. We are currently renovating a property which is eating away at our savings, but will be worth it overall financially. Fees are only about 10% of our income though. We do plan to save a further safety net

We have very little in available savings as everything gets invested. School fees get paid monthly from buy to let income plus top up from salary.

We took financial advice at the start and we had an investment strategy suggested to us. Basically borrowed against the house and invested the equity. So far it's working well - needs to cover mortgage interest plus fee rises, which is good since salaries are definitely not keeping up with the fees! The fun will start when we get to senior school and the fees rise sharply.

We're just nearing the end but we paid all school fees upfront from savings which came from earnings

DH and I have been saying recently how grateful we are that Covid didn't come along 10 years earlier, as we'd have been screwed!

Initially fees were very achievable out of monthly income, but they certainly ramped up in secondary. We managed, but didn't have savings to fall back on. Fortunately we were able to invest in our pension, but other than that, we have little left from a lifetime of working bloody hard, after two lots of school fees and a mortgage.

I know others are in the same position or worse, so am not really complaining!

Zero savings, and zero left over, whilst we’re paying two lots of fees from our income. Only another two years of needing to pay for two...