Paying for private school

Tips and tricks for sending your child to private school

One day only special! Half-priced cars!

Want a tip for buying a great car at a discount?

Go contrarian – buy out of style cars

Here is what we did;  we purchased an older car but with relatively few miles for it’s age but was out of favor at the time we purchased it.

This has varied over time depending on the circumstances which makes our car history quite varied and has almost always caused raised eye brows on our choice (we take that as a good sign).

At the time we purchased our last car, during a late stage bull market,  luxury cars buyers certainly did not want an out of style luxury car that someone else drove in. The perception of “luxury” typically doesn’t pair well with “used”.

And economy buyers wanted the used cars rated highest for reliability.

This left few buyers in the used luxury cars market segment. And we really value safety features so  we watched the market for a really safe used luxury(ish) car.

And those conditions means we were able to get our current rig at a much lower cost than one would expect.

Behold the Battle Wagon

Our current rig in all it’s glory:

Volvo Wagon - New to us!

Volvo Wagon – New to us!

Swedish steel! Best in class safety. Row boat like styling. Squishy seats. Impossibly thick paint. Odd brown stains on the ceiling of questionable provenance. Vintage!! Did you know they don’t even make this model any more? It’s true! And butt warmers!

Buy older cars with low miles to get lots of trouble free service

The Battle Wagon was ten years old with only 75K on the odometer when we purchased it. Net, we bought this unloved ride for 80% off the original sale price. It was fairly low cost. Indeed, once we sold the our previous battle wagonette and accounted for the ten years without cable savings the car was effectively  free with years of pre-paid gas included. A brand new car would have absorbed all those savings and I would have been worried about scratching the fancy doors.

Right now electric cars are out of favor because of low gas prices

Right now non-Tesla electric cars are out a vogue and can be purchased for a song. With low gas prices they are really out of fashion. You can get one for a fraction of the cost of similar vehicles. Well, that is until gas prices go back up.

Want to be an environmentalist? Get a used electric car and reduce fossil fuel emissions *and* save a perfectly good car from going to the scrap heap. You are *so* green. More of a  outdoors person? Wait until gas prices go back up to the $4 and $5 a gallon price range and get one of those gigantic pick-em-up-truck for half price.

Please check the safety rating on the model year and proceed!

Don’t quit!

Scrimping and Saving

I realize most folks are frugal so they can escape the rat race and the idea of living frugally and then spending it all on tuition fees seems somewhat counter intuitive to many people.

Our thinking is that we are paying for a school that aligns with our values and educates our child. We are supporting our family through a great education and the school through our tuition. It means lots of stuff doesn’t happen, and we  keep lots of records.

If you are following a similar path,  after years of scrimping for school your spending will be on autopilot. And one day you will reach that point where there is no more tuition and you can redirect those funds to retirement savings. And one day you might have the option to quitting your job! Don’t!

An alternative

Instead  select a job you enjoy and a cause that resonates  with you and funnel your future earnings there. Or take on a volunteer with a charity. Help a family member. Write poetry. Or start a blog. The point is, set aside some side to be productive and direct that output to the benefit of other people.

After all, your education (from elementary school to today) probably cost more than your car.  And your house. Don’t let it go to waste simply because you are done with it. After being so efficient for so many years it seems sort of wasteful to let your productive capacity diminish through lack of use.

The idea of voluntary simplicity in spending to eventually  to spend most of the time on the beach might appeal for you. And do it. For a year. And then use your good fortune, your skills, and your hard acquired skills and education for the greater good.

Consider giving it away. Imagine the good you can do if you are so fortunate. I bet there is a school you are really familiar with that could use some donations from income you don’t need  or hands on volunteer help.

 

We need you

But don’t quit. We need you. And you need us.

 

Benjamin Franklin

“The used key is always bright.”

Benjamin Franklin

Get rich through advanced technology.

After tossing our third $80 cordless battery powered dust buster I wondered if there is more efficient and less costly technology alternative.

There is and it demonstrates the value of yesterdays advanced technology.  Back in the ancient days of house cleaning there was a device called a corded hand held dust buster. In their decades of competition they perfected reliable low cost cleaning power.

Now a days this perfected technology is used for largely for special cases. One such example is the Bissell Pet Hair Eraser. At $40 dollars and with a 16 foot cord this thing is similar to the gas station pay-for-clean systems in terms of power. When it shuts down it has the satisfying sound of a jet engine winding down.

Destroyer of tiny dust worlds

Sure “Pet Eraser” is an ominous name (or is it a warning?) but this thing blasts through dirt.

pet hair eraser

Pet Erasing Device

Last years pine needles? Goes right in. Pasta on the floor? Goes right in. The manual that came with the device? Goes right in.   Slow moving pets? Goes rights in.

 

Go corded

Our fancy lithium  battery dust buster fail every 18 months or so. That means we go through 5 of these $80 dollar suckers every decade for $400 total. That is ten times the cost of the jet powered pet eraser. Wait, how can I reach those touch to reach spots or my car you ask?  No problem. Another perfect yesteryear technology is called an extension cord. Grab one of those and enjoy the exercise of walking back and forth to set it up. And then blast those dust mites!

The true cost of watching a movie

What is the actual price of a movie? Consider these four costs before  you decide to hit  “play”.

 

Watching a movie has four major components. These are the fixed  cost,  the one time cost, the opportunity cost and the second order effect costs.  Let’s briefly visit each.  You of course cut cable a long time ago – or you are about to do that so lets use the streaming services as our example. 

Fixed Cost

Netflix offers a standard plan for $10.99 a month ,

Lets say you watch one show and three movies in an average month. That is $2.75 per show.

One Time Cost

By MrexcelOwn work, CC BY-SA 4.0, Link

And Amazon Prime offers lots of movies for a low a $2.99 each and sometimes over $10 but you are frugal so the one time cost in this example is about the same as Netflix.

Either way each movie you watch is around $3 bucks. And before you binge a show to get that cost per movie down lets consider the opportunity costs.

Opportunity Cost

More pressing than the movie cost is the opportunity cost of watching the big screen for two hours. For example, yesterday, we changed the headlamp bulbs in our car. This cost $30 in parts but according to online quotes  the service price is between between $100 and $214. I am not clear if that is per bulb or for both but lets assume it’s $150 to replace both bulbs, parts and labor. We saved $130 bucks on that expense in 20 minutes, got to chat while doing so and didn’t have to take off work to take the car to the shop.

Too tired for such efforts? No problem ! Spend 20 minutes praying or meditation. This is a bit lower energy and has numerous benefits.

In both examples you still have lots of left over time to wander around the house (more health benefits).

The Second Order Costs

 

The second order effects are the most expensive. Many movies are action packed thrillers which can use a lot of your emotional energy up. These dynamic natural scenes impact your brain chemistry

and in extremes might reduce both the quality and length of your life.  It’s fun stuff but for the most intense movies you might need a mental break afterwards and changing the bulbs after a movie might be too much – anyway you have so little time after using two hours of to someone else’s script. This time compression is the worst offender and might end up with a dinner out ($40) since there is no time or energy to cook. Plus the world just blew up on the big screen so what’s the big deal with ordering delivery?

 

The True Cost

Lets compare the numbers!

 

The movie abstainers saved $130 bucks and the movie watchers spent $3 on the movie and $40 on take out. That puts the active family ahead by $173 dollars *and* they have a free hour to themselves. Time and money in abundance.

 

The Take Away

I am not against movies –  and they can be made into wonderful family events or a mental break if you are feeling ill. With that said if you work hard during the week to pay for tuition it seems a shame to not know  the full price you are going to pay before you hit play as something to do.

 

“Time is your most important resource. You can do so much in ten minutes. Ten minutes; once gone is gone for good.”

– Ingvar Kamprad (IKEA Founder)

By paying for private school you are funding educational experimentation.

One thing that has consistently surprised me about paying for private school is the unsolicited advice and harsh criticism we regularly receive.

We have heard simple advice such as you are wasting your money to all the way to it is unethical to send our child to private school.

In few other areas of our life have our decisions been reviewed, rated and then commented on so consistently.

There are lots of other easy targets – our home, my really old shoes, food, entertainment and religion are ripe for the picking. They might get a raised eye brow but rarely do we receive a detailed unsolicited analysis of our decisions like we do with our choice of education.

Online it is even worse. Here is a just one of many examples; If you send your kid to private school, you are a bad person.

I consider myself a pretty open person. For each criticism and suggestion I have careful considered the premise. Am I wasting our limited resources? Am I making education worse for other children? Is a school based on religious values wrong – that is- I am alienating religious minorities?

I have spent years considering, and reconsidering, this feedback. And would certainly be nice to have the extra cash or go on fancy vacations or purchase a new car from the modern era.

As a mental exercise I followed Charlie Munger’s advice and I inverted the problem. Come along with me.

Let us imagine there were no private schools at all. That small church school around the corner – gone. Harvard. Gone. Hogwarts. Gone. Evangelical schools. Gone. Homeschooling – illegal.

Have a child with extreme dyslexia who needs a different learning environment? Sorry those schools are gone as well.

Graz Reading Room by Dr. Marcus Gossler - Wiki Commons

Graz Reading Room by Dr. Marcus Gossler –
Wiki Commons

What is left is a pure government monopoly. No competition. No incentive to innovate. No incubators to experiment and fail and try again. Just one system. Legislation over teacher expertise. Scale over specialization. The motor vehicle registration of education.

Well that doesn’t seem desirable.

Let’s invert again – this time there are no public schools. Anywhere. It is all private schools. Can’t afford to pay tuition? Sorry your kid goes to the low cost school mill or comes to work with you for apprentice training. Are you an elementary aged child whose parents who can’t afford to feed, much less educate you? Sorry – you will never learn to read beyond a second grade level.

Old School House Sign - Source: Wiki Commons

Old School House Sign – Source: Wiki Commons

Well, that doesn’t seem desirable either.

 

Perhaps the middle road seems to make sense. A healthy mix of public, private and home schools creates a mutually beneficial ecosystem. The private schools can experiment, innovate, evolve and best practices can be adopted across all systems over time. The public schools can offer a world class low costs education for everyone no matter their financial circumstances. And they provide standardized testing to measure all schools academic performance.

Home schooling fills in the gaps. We know of one very religious family who has four kids and couldn’t afford private school so they home schooled simply so they could integrate their religion into the school day.

Sending your money and your kid or grandkid to a private school? Good for you. Your child is receiving an education that matches your values and you are funding an educational incubator. Perhaps your school, with its freedom to try different things out, will come up with an innovation that will be adopted by schools across the country. More likely the children from your school will bring their education to diversify the mental frameworks of the organizations and community.

You are right to send your child to private school if you are lucky enough to have the opportunity to do so and are willing to make the sacrifices.

Monopolies have consistently been shown to cause complacency over time. Here in the US the Sherman Act was passed in 1890 as a “comprehensive charter of economic liberty aimed at preserving free and unfettered competition as the rule of trade.” [1]

By paying for private school you are funding educational experimentation. And unfettered competition. Be ok with the criticism. Listen to the unsolicited advice and harsh criticism and carefully consider it. At the end of the day you have to do what is right for your family and your community – even if it is unpopular.

[1] https://www.ftc.gov/tips-advice/competition-guidance/guide-antitrust-laws/antitrust-laws

 

“You have enemies? Good. That means you’ve stood up for something, sometime in your life.”

Winston Churchill

 

 

 

Skip the Tip! Take it to go and eat at home.

This took me many years to discover but it has served us well. Despite being on the frugal track we occasionally eat out (ok, more than occasionally). Sometime as a family sit down dinner or for a special occasion but most often because we go out because it would be fun to go out.

To save 15% at a restaurant, skip the tip by taking the food to go. That will save 15% (or 20%) on the bill because there is no tip. And, after a while, you realize you have drinks at home. And bread. And that is another few dollars saved.

Electrical candlelight!

Instead, set your home up to be a delightful place to eat with a fancy and clutter free table that include  forks that haven’t been in a million people’s mouths (a no cost bonus!). At the Café De Your Place there is never ever a wait. The table is always open, there are just enough seats and it’s the best table in the joint.

Plein Air!

In the summer we eat out on the ‘rustic’ wood table that came with the house. This year we added a coral maple to enhance the view at our fine dining establishment. How many restaurants do you visit have this kind of greenery? Get creative (but low cost) and set up your own ambiance.

G Ruga Coral Maple Tree Photo

Paying for Private School’s  Frizzy Coral Maple Tree of Awesomeness.

If you are like most families where eating out just overtook the grocery sales then you probably spend around $2625 on dining out.

Ha. I know the truth.  If you have the income to consider a private school tuition and live in metropolitan area that number is much higher. It is more like $6000 a year. Lets go with $6000. That is $900 a year in tips if frequent wait in line and then sit down establishments. Toss in another $100 on desserts and drinks over the course of a year and we will make it an even $1000.

Show em’ the sink!

I know some of you are secretly cringing because you spent way more than three or even six thousand on dining out last year. This is a judgement free zone. We are here to help. You just have more opportunity to save! Start with an immediate 15% discount on many (and soon to be rapidly declining) restaurant meals. And enjoy the further benefit from having your children rarely hearing  the phrase “I will be your server for this evening”. They need the gift of responsibility and can get up and get their own water when they need a refill.

This one slight change in behavior nets you $1000 a year and comes with a free side of humility for the entire family. A $1000 here and  there starts to look like a tuition payment and there are lots of easy ways to save big money.

Paying for Private School French Country Kitchen

Paying for Private School French Simulated Country Kitchen- comes with reading materials. How many restaurants do that? Don’t worry, we bought those chairs used.

Share your story!

We here at paying-for-private-school.com are interested in hearing how *you* pay for private school or why you send them. Did you attend private school? What did you think of it?

Willing to share? Post a comment below with your email address (which will not be published) and I will provide details on how you can share you wisdom, lessons learned, what to do and what not to do with the broader community. And thank you!

Don’t complain. Build.

In November of 2016 Mr. Money Mustache (required reading) retweeted a post by Elon Musk that said “Don’t complain. Build”.

Create, design, join or invent a way to make your situation better. Is your local school system mediocre and you can’t afford private school? Get involved and improve it.

Us amateurs work really hard to create something pretty mediocre only to have to do it again. And again. I had to install the disposal in our kitchen three times before I got it right. This is 30 minutes of work for an average plumber. It took me two weekends. I don’t care.  Honey badger doesn’t care either. It works, it has been there 5 years and I saved $300 in labor. Plus, I prevented a plumber from having to do something basic. And I *really* know a lot about disposals now. When it had a problem last month I was able to fix it really quickly

caption2

By JanekpfeiferOwn work, CC BY-SA 3.0, Link

without a reference manual. I even remembered where the stupid screw that came loose was located. How could I not after spending 20 hours under the sink looking at something with only 3 parts?

Critical thought is an important skill. Identifying what is wrong and how things could be better is important as well. But this must be followed up by action. Repeated attempts, slow progress actions is the grit of making stuff go. Posting a complaint hidden as a comment revealing how insightful you are doesn’t actually do anything.

Don’t complain.

Build.

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.

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