Paying for private school

Tips and tricks for sending your child to private school

Category: How to pay for it (page 1 of 4)

Did you know you can get paid $5000 for wearing a pair of sandals?

Your feet are powerful tools of awesomeness.  Many folks know that walking and biking are ways to save stacks of cash.  There is a second foot power that is equally as impressive.

Unleash the Feet

Did you know the human foot has over 125,000 sweat glands? This is the highest concentration anywhere on your body. This is often described as a defect or problem. You dear reader are frugal and efficient so you already know why they are there- it’s the only part of the body that moves in a hot sunny day or inside a hot home with no breeze at all. Your do-it-yourself movement creates the  do-it-yourself cooling breeze.

feet in sandals to pay for private school

Sandals

Of course this is because the foot is mean to be bare and out there. And a great way to stay cool in summer is to get a pair of sandals and wear them around all the time. By doing so ourselves we found (after a two week adjustment period) we were just as comfortable with the air conditioning set at 82 (27 Celsius) degrees as we were with shoes on at 72 degrees (22 Celsius).

Apply Your New Found Super Power

One can save 3% on your AC bill for each degree you crank it up. That is 30% savings on your bill in the summer months! We have found it’s better – the AC didn’t turn on at all – often for an entire week with our newly discovered foot cooling super power.

In Santa Clara this is about $500 bucks over the course of the summer. Think you can make a set of sandals for the family last ten years? Good. It will net you in $5000 in actual savings. And this will be about $7500 in income you won’t have to earn over that time.

The Trick

For this to work there is a trick that took as while to figure out. And this is to wear sandals outside all the time. If you don’t your closed shoes will be puddles of discomfort and your core body temperature will rise. And tossing the shoes off at the end of the day in a fairly warm house is of little relief as it is too late. The trick is to stay cool *all* day by using your super powerful and amazing feet and then rake in the savings.

$200 bucks in sandals yields $5000 in ten years that can go towards tuition. That is 25 fold return on investment or an annual return of 90%. Try to do that in the stock market!

Bonus

As an added bonus you sandaled feet will now take you, in comfort, to other locations. You can turn off the AC and not start the car. You can walk to these things! And while Tesla’s are great, a pair of strap on sandals can make you an instant environmentalist with little upfront investment and increase your health as you work your system. Go you hippie!

And this is not new technology. For further reading check out the 22 verses about sandals in the good book.

And for next winter? No problem – just put an UGG on it!

Install a Power Plant

Did you own a home and regularly mulch flower and tree beds? Five hundred square feet in mulch will cost over $500 installed (apartment dwellers have wisely skipped this expense). Over ten years that is $5000! Of course you would do that yourself. Still, it is a lot of money. And you could do all that stuff. *Or* you can install a power plant one time.

Behold the powerful and lovely pachysandra plant.  In the first year after planting it sleeps, the second year it creeps and by the third year it leaps.

 

It grows in value

A small tray of this  green ground cover will run you about $20 at a landscape store. And that is all you need to start.

We bought ours of someone who had a big  patch of it for $4. We got it in wet newspaper and promptly planted  just a few stems in various places. I have been transplanting seedlings ever since slowly filling in the beds. Each year I have needed less and less mulch as this plant serves as a living mulch. And each spring  we enjoy lovely white flowers and fresh air produced by the plants. And last year a frog moved into to the shady refuge these plants provide.

And unlike mulch which is a drain on the budget, a pachysandra plant is a flowering ground cover that produces more value each year. We now have thousands of these plants worth thousands of dollars.

Many options

And if you don’t like this particular plant no problem – there are lots of ground covers to choose from that spread on their own.  English Ivy and Vinca are good choices but require a bit of care. Once those are in add some flowers and enjoy the beautiful savings

It’s easy being green.

Think multi-purpose

Ever noticed all those low profile and uninteresting hatchbacks, mini-vans and station wagons wheeling around?

Time to get excited about them because they are awesome.

We purchased our battle wagon for a net of $8000 even though it only has $70K miles and gobs of air bags.

Last month we needed a new side board (well, a side board, we never owned one).

New side boards were $1000 for low end ones unless you go with those glue and saw dust ones that have to be replaced soon anyway.

Too much! Guess those boxes stay on the floor.

We looked on Craigslist for weeks. And weeks. Even the cruddy stuff at low end stores was $500. Sigh. We were very close to dishing the money out for a new piece and cutting in other areas to make it work.

But wait, Craigslist has a 5 foot solid wood one for sale that on the Havertys awesome web site sells for $1000 new (love their stuff – so cool). And it is only $200 bucks and within a few miles of the house!

If only we had something to move it with – I am too lazy to rent something and it would take too much time. It might be gone and what if I don’t like it when I see it. In comes the incredible station wagon with seats that fold down! volvo-wagon-blueAn hour later the sideboard was now gracing our home instead of headed to the trash heap.  Money saving environmentalism.

On the way home I couldn’t help but realize the $800 saved was the equivalent of a 10% yield pay out on the wagon. That is pretty sweet contribution to the tuition.

Keep costs low and think multi-purpose.

That is One Long Cable!

Eleven years ago we moved into our current home. And the previous owners had not installed cable television. To get it installed meant an all day visit and lots of holes would have to be drilled into the relatively intact walls. And then we would have a $100 a month bill.

We put it off. Then we thought about it. And then we passed on it and just used Netflix and then eventually Amazon Prime for videos and a fancy “digital” antenna for local television stations.

In the first year we spent $1200 less than we would have otherwise. Importantly, we missed all those advertisements that likely would have increased our spending even more. Ten years later we had avoided $12,000 in costs.

Last year we got a sweet deal on a used Volvo XC70. Originally $45,000 when it was new, we picked it up used for $12,000. After selling the previous car for $4000 the net cost was $8000.

Volvo Wagon - New to us!

Battle Wagon – New to us!

By skipping on the cable expense for the decade prior we essentially got a free car with all the gas it will need for many years paid for up front. And that is good because we need to pay the tuition bills.

Limit those little expenses. They add up quickly.

A Tale of Two Dishwashers

Our dishwasher was not functioning well. Repeated repair attempts had extended the life a bit but dirty dishes after each wash was the motivation to finally replace it.

We selected a washer that made sense for us (hard food disposal!) and had decent reviews.

Picture of an awesome Maytag Dishwasher with hard food disposal.

Awesome Maytag Dishwasher with hard food disposal.

There was a fancy one for $598.  Let’s assume we would have it installed for us rather than attempt to get the thing in ourselves.

The Numbers

 

Below are actual quotes from the site we purchased The Awesome Dishwasher (rhymes with West Guy).

 

Fancy Stainless Steel Version – Installed Fancy Stainless Steel Version, DYI
Base price $494 $494
Installation $139 $0
Install Kit $29 $29
Haul Away $15 $0
Totals $677 $523

 

So $154 more for the installed version. That is 30% more for the same functionality.

The Time

This might seem like a waste of time as I am wholly unqualified to install a dishwasher. And despite daily practice my ability to even use one has come into question (hence the hard food disposal). It would take a pro 1 hour. It took me two hours on a Saturday and another two hours on a Sunday. Since we took our time I was able to clean up all the junk under it, test it multiple times for leaks and line it up just right under the cabinet. The previous, professionally installed one, was a miniature leaning tower of Pisa.

And I didn’t have to wait for a contractor and can do it in the morning. 4 hours to save a measly $154. That is only 38 bucks an hour! Based on this calculator that is $79,040.00.

This is looking better already.

But wait – this is tax free money. I don’t have to earn that $154 which would have taken $215 in gross income (before taxes, withdraws, sales taxes and mystery fees). Now we are bumped up to $53 an hour.

The Adjusted Savings

That is better. $53 an hour equates to $110,000 annual salary.

Of course your salary takes priority but if you were going to spend a lazy afternoon with a non-fiction book you can have just as much fun watching a you tube video of how to install a dishwasher.

Change Your Mind Set To Make The Grade

Paying for private school means changing your mind set on seemingly small things. You can do this.

Be Your Own General Store

Want to save money for tuition? One way to do so is to be like your grandmother and be your own general store and service center.

Make your Own Mixes

For example,  you can make your own bleach based cleaning spray with bleach, water and laundry detergent. We did it this morning and instructions are available online. You can do it too. Just be sure to use a laundry detergent for the soap portion of it so you don’t create a toxic cloud.

The mix is 1 to 10 of bleach to water. Here is the mix we prepared this morning:

  • 3 ounces of bleach
  • 1 teaspoon of power laundry detergent
  • Top of the 32 ounce spray clean bottle we already had
Bleach bottles

Bleach Bottles by WolfmannOwn work, CC BY-SA 4.0, Link

This is 2 cents a bottle as opposed to $4.99 a bottle in the store.

I saved almost $5 bucks?

Or did I? Let’s check the math.

 

 

 

 

Amount Saved = $5

Put That Creation To Use!

I immediately put this spray to use in a clean wipe of and disinfection of the bathroom surfaces. The total process took less than 20 minutes.

Less is More

And acting as your own general store is a real quality of life booster. All we need is bleach, laundry detergent and water and one spray bottle. There is no reason to visit a big box store to stock up on sprays and fill our stuff our closet with various cleaning solutions. Time saved. Plus our frugal house is also less cluttered which lowers the stress levels.

Indeed, if you have those basic ingredients on hand it’s faster and cheaper to do it yourself than calling a cleaning services and then having to do your own this-place-is-a-mess pre-cleaning before paying for $40 professional cleaning service.

Amount Saved =$45

This in turn means I won’t suck down an entire $5 pint of ice cream in a stress induced fit. Instead I will get some gentle exercise and sense of control by being able to do this myself.

Amount Saved = $50

That combination of gentle exercise, avoiding the stress (and ice cream) and having a sense of control will delay a cardiovascular event by a few years, at least, the way I see it. And that is another $20,000 not spent on rehabilitation.

Amount Saved =$20,050

The Benefits Combine and Compound

Ok that health scare bit was a bit tongue and cheek. The point here is that doing stuff your self has benefits beyond the few dollars saved for tuition expenses. Being frugal won’t delay health issues. Or will it?

What isn’t intuitive at first and what I want you to learn is how the benefits compound beyond a few extra bucks.

Some basic home chemistry very well might increase your physical, mental and financial well-being. At the very least it will save you $5 bucks and result in clean bathrooms.

Seven Helpful Links For Private School Parents

Here are some helpful links to sites that provide guidance on how to  pay for private school.

  1. Budgets are sexy! (An entertaining how-to on financial management)
  2.  A Guide for Parents as They Look to Finance a Private School Education
  3. Can Middle-Class Parents Afford Private Schools For Their Kids?
  4. DC School Hub (Washington DC area resources for parents – find something like this in your area)
  5. Budgeting for private school (from an open and sincere parent)
  6. Attended private school – loved it.
  7. Attended private school – and didn’t love it (be open to many viewpoints before deciding what is best for your particular situation)
Old School House Sign - Source: Wiki Commons

Old School House Sign – Source: Wiki Commons

A Stitch in Time Saves Nine …Hundred Dollars

I am a fan of LL. Bean’s washable wool dress pants  as I wear fancy pants to my office job.

LL Bean is known for durable easy care high quality items. Their dress pants are a mix of wool and polyester which results in torrent of financial savings for the office dweller like me. Recently, a relatively new pair had the hem come undone and flapping in the breeze.

Think Before You Toss ‘Em

LL Bean Washable Wool Pants.

LL Bean Washable Wool Pants.

Normally I would have tossed it in the Goodwill bag and gotten a new one. More on that in a minute. First, a little more about these productive pants.

Their secret super power is that you can wash and hang them and they come out looking great without a trip to the dry cleaner. They can be more expensive up front, but as you have already learned sometimes it make sense to pay more up front.

The Savings

Let’s take a closer look at the numbers.

 

LL Bean Washable Wool Dry Clean Only Pants
Cost of pants $119 $119
Dry cleaning cost per wash 0 $5
Water cost per year $4 0
Number of times worn over 3 years 156 156
Gas cost of driving back and forth 0 1
Dryer costs 0 (we hang these on a dryer rack) 0
Hassle factor Low High
Total cost $124 $899
Cost per wear 80 cents $5.76

 

What? And that is just for one pair of pants. Assuming you wear dress pants 5 days a week the fancy drying clean only pants will cost you $4495 over 3 years. And this is before you consider shirts.

Surprisingly, we have found that doing this ourselves saves time as well. There is no driving and parking needed. And there is rarely a line at our drying rack.

$5000. And time saved. And it is better for the environment.

Back to the unfurling pants. My wife took up the hobby of sowing. She took one look at the unfolded hem on my near new pants and a moment later had them back in order. No need to ditch them.

Another $119 saved that can be added to the $5000 to use for tuition costs.

You can do this.

 

The Way to Wealth is Through Saw Dust

Problem: You need more storage

We needed more storage in the living room for stuff that had been piling up on the floor.  Ikea offers a number of credenzas but the size we wanted was about $500, before taxes. And I wanted something made of solid wood since we would be looking at it a lot and I find they are much easier to repair.

Solution: Used furniture 

Craiglist to the rescue! After many weeks of checking we found  a Modern Skovby Danish Teak piece.  Apparently these are normally thousands of dollars new and approaching $1000 used.   The one near us was being unloaded for $200.

There was a catch -the owner noted it was being sold for such a low price because it had some bad water stains.

No problem. I read that one could often iron them right out! This thing would be as good as new in no time!

Water Stain City

My buddies and I went and picked it up.

Woah.

It had a lot of water stains. Some over a foot long. And blue paint. And dents and nicks and scratches galore. Luckily, I had planned for such a possibility and bought it with plan b in mind – sand blast it!

Danish Oil To the Rescue

This summer I picked up a $40 palm sander to learn how to use a palm sander and to refinish the back patio table which was weathered.

I  put on a breathing mask and went to town on this thing – lightly sanding and buffing this thing to get the old finish, water stains and paint off. Some areas required extra attention because of what appear to be teeth marks from dogs. Woof!

The starting point was dusty, dark and deeply stained furniture

The Progression

Here is a photo of one (of many) water stain on the bottom left corner.

Photo of one (of many) water stain

Photo of one (of many) water stain

Here it is after a light sanding.

 

Lightly sanded

Lightly sanded

 

And the restored surface after refinishing it.

 Tried and True Danish Oil to the Rescue.

Tried and True Danish Oil to the Rescue.

 

Please be aware that Danish Oil left in the open will light on fire with no sparks at all through a rapid oxidation process. This will start a major fire. Always put your used rags and brushes in water immediately after use.

Costs

And here is the same model, in rosewood instead of teak, for $2800. And the teak ones go for about $1000 although I found a good one for $685 before shipping costs. Again, these are used prices for these functional works of art.

The Way to Wealth is Through Saw Dust

When it was all said and done we have a refinished side board for about $300. Depending on how you count it we either saved $200 (compared to Ikea) or $1800 (for a comparable product) or more likely somewhere in between. Importantly we learned a new skill (the entire family pitched) in and had a lot of fun. And it was cheap enough if it didn’t work out it wasn’t a big deal. We could get two for the cost of a new economy item.

Of course you can do much better than this by getting low end furniture used. But this point is that one way to pay tuition expenses is through a cloud of saw dust. And this is of course, an analogy for actual hands on work.

What’s in Your Closet?

Like many of you I am an office drone and spend my days dressed in the knowledge worker uniform which include a  pairs of wool/polyester pants.

The second life of pants

Here is a money saving tip someone showed me years ago. When the dress pants get a bit frayed and need to be replaced, keep them for the weekends. Or for painting a room in the house (once you send your kid to

cap2

private school you are going to be in-sourcing a lot of work you use to hire experts to do).

My favorite pair of pants last saw the inside of an office 5 years ago. And they have permanent black stains on them from when I refinished the driveway in them (two points added to the man card, thank you). But they are *really* comfortable.

Save time and money

What is amazing about this approach is what didn’t happen. I haven’t bought weekend pants, jeans, or pants to work in the yard over 5 years. That is a few hundred in expenses saved right there and less stuff going to the land fill. And it is better for the environment. And it is easier – I always know the pants that move to the weekend pile (I use a permanent marker to mark the inside tag so I don’t accidentally wear them to work) fit and it requires no shopping on my part.

Take a second look-but don’t over do it

The mind set of taking a second look at anything you are going to toss or recycle to see if it has a second life can turbo boost your cash flow over time and help pay for a private school tuition.

You just have to be careful to not save things that aren’t used. I only keep 3 pairs of former office attire in the weekend or yard work draw. The rest go off to be donated for a tax write off.

The pants progression

Here is appropriate life of a pair of dress pants:

  1. Dress pants for work (helps earn the income)
  2. Weekend pants (saves on buying a second pair)
  3. Donate to the thrift store (tax deduction)

 

 

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