Author Topic: We earn £190k a year. Do we need to sell our flat to afford private school fees?  (Read 1629 times)

Tanuki

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http://www.telegraph.co.uk/finance/personalfinance/pensions/12000288/We-earn-190k-a-year.-Do-we-need-to-sell-our-flat-to-afford-private-school-fees.html

£190K is $288k USD

hahahahahaha

Also I enjoyed this comment:

"That's everyone isn't it? I don't know anyone who doesn't reach their absolute financial limit most months. My Husband and I both work but we never have any money at the end of the month. Same thing just a different salary bracket."
« Last Edit: November 21, 2015, 09:34:10 AM by Tanuki »

less4success

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So if spend all your income (and then some), you might not be able to afford your lifestyle on an ongoing basis?

Shocking!

TheGrimSqueaker

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You'd think the letter writer would have read some Dickens.

Remember the famous quotation from Mr. Micawber in David Copperfield:

"Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."
I squeak softly, but carry a big schtick.

MgoSam

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You'd think the letter writer would have read some Dickens.

Remember the famous quotation from Mr. Micawber in David Copperfield:

"Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."

Love that quote. Reminds me of advice given in Hamlet,

"Neither a borrower nor a lender be,
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry."


Eric222

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MgoSam

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They need to sell every little thing they have that costs them money until they can live off $238k (US dollars), and then I would recommend cutting even more because I love having a margin, money to invest, and stability in case my pay gets cut...but I just don't like stressing about money.