Submitted by flowerinsta t3_11e2oji in personalfinance
I’ve been advised that it should not be more than 10% but I’m not sure. Edit: My spouse and I have a combined income of 650k.We live in a HCOL area and have only one child.The schools we are considering are mostly boarding schools like Exeter, Choate, Loomis, Deerfield.These schools general cost somewhere between 55k to 70k excluding things like uniforms and school supplies.We don’t have any debt as of now but we do occasionally send money to my spouse’s mother(around 3k a month.)
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