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Forum
-> Household Management
-> Finances
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amother
OP
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 Mon, Aug 05 2019, 7:18 pm
I understand from this forum what a challenge it can be to cover exorbitant tuition fees.
I live in London and we’re finding tuition eats up a large chunk of our income.
I’m not trying to lessen anyone’s struggles, I want to understand what it would be like if we had to pay what imamothers must pay.
DH earns £32,000
I earn £12,000
School fees are £5,200 per child
That’s approximately 8.5% of our earnings.
I believe our income is fairly typical.
Would be interested in all opinions.
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amother
Apricot
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Mon, Aug 05 2019, 7:19 pm
I pay over 20% of take home income in tuition and fees.
ETA:USA
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amother
Teal
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Mon, Aug 05 2019, 7:26 pm
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About 10% of our gross income.
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Metukah
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Mon, Aug 05 2019, 8:19 pm
| amother [ OP ] wrote: |
DH earns £32,000
I earn £12,000
School fees are £5,200 per child
That’s approximately 8.5% of our earnings.
I believe our income is fairly typical.
Would be interested in all opinions. |
What's 8.5%?
5,200 is almost 12% of your earnings and after the tax comes off your dh's salaries, it's probably more than 12. That's for one child. How many do you have /pay for? It can't be easy.
Both dh and my salary are higher, but after tax, tuition for 3 and childcare for 1 it's a big chunk cut out.
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amother
OP
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Tue, Aug 06 2019, 12:16 pm
| Metukah wrote: | What's 8.5%?
5,200 is almost 12% of your earnings and after the tax comes off your dh's salaries, it's probably more than 12. That's for one child. How many do you have /pay for? It can't be easy.
Both dh and my salary are higher, but after tax, tuition for 3 and childcare for 1 it's a big chunk cut out. |
You’re right, it was far too late for me to be posting.
We have two children, paying over 10k each year. But we feel very blessed we are able to afford it.
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