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Forum
-> Household Management
-> Finances
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amother
Pumpkin
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 Tue, Jan 30 2018, 12:44 am
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If you are paying full tuition for multiple children (say 3 or more), are you able to put away anything into savings?? I don't think this will ever be possible for us based on our careers and income ranges.
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asp40
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Tue, Jan 30 2018, 7:52 am
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This obviously depends on your salary and spending habits. Not sure what data you hope to collect.
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shoshanim999
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Tue, Jan 30 2018, 8:00 am
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Obviously no actual figures, but I strongly suspect that most families that are paying big full tuition have at least some savings and are not living paycheck to paycheck.
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simcha2
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Tue, Jan 30 2018, 8:58 am
| shoshanim999 wrote: | | Obviously no actual figures, but I strongly suspect that most families that are paying big full tuition have at least some savings and are not living paycheck to paycheck. |
BH, today this is true, but for years we paid full tuition and had no savings and put nothing away.
We feel very strongly that stretching yourself to pay tuition is both a halachic obligation and a moral one. We are halachically obligated to educate our children and morally how can you ask someone to pay your share if you can swing it?
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elisheva25
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Tue, Jan 30 2018, 9:32 am
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Some , but really bare minimum
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amother
Wine
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Tue, Jan 30 2018, 11:16 am
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When I paid full I wasn't able to save. We just broke even.
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HonesttoGod
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Tue, Jan 30 2018, 11:20 am
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Anything is possible if you budget for it but it really depends on your spendings / income etc.
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Shoshana37
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Tue, Jan 30 2018, 11:57 am
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Sometimes we do save but other months when we have simha or Hagim our savings goes so end of year zip nothing. We pay 4 tuitions plus college loan.
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