Paying for private school

Tips and tricks for sending your child to private school

Tag: paying for private school (page 1 of 6)

Free installation with any purchase!

We recently purchased a super fancy set of revolutionary Nest Protect smoke and carbon monoxide detector. These things talk to each other and alert us to the specific location of the room the problem is occurring in. Fantastic!

Nest Protect Advanced Wireless Smoke Detector Available on Amazon.

Nest Protect Advanced Wireless Smoke Detector Available on Amazon.

We replaced the existing 30 year old hard wired smoke detector alarms with the Nest Protects. These things will even contact you phone if something happens. I got an email from the first one when I shut down the power for the second installation. Well done Nest team! It is not clear are old ones would have even gone off (when removing them the tag noted they expired in 2003) in a fire situation. Will yours?

Do  it yourself to save money

This amazing technology combination is available for only $99 each. And an installer can be hired to connected wired ones for $80. We opted to pass on that and to save the money and the hassle (for all involved) of taking a day to have someone out. The first one took me about three hours of watching videos and carefully proceeding (mostly issues with removing the old one). The last one I installed took less than thirty minutes from opening the package to the final test.

Take your time

If conditions make sense, do the installation yourself. Watch the videos (as many times as you need). Follow all instructions and expect to run into snags that will require more research and take additional time. This isn’t a race and you aren’t being graded on efficiency.  If you are like us you will find the experience saves money which can be used for private school tuition and is more rewarding  than taking off work for an installer to arrive.

Use the innovation cycle to save stacks of cash

Life 100 years ago 

One hundred years ago most people worked 60 hours a week and there was one car for every 50 people.  And  then they came home to dark homes – many did not have electricity. And the first appliance just turned a hundred a few years ago.

There has been remarkable advancements in the past 100 years and you can use that to your advantage to save stacks of cash.

Freeze your standard of living

To save money with no effort, simply freeze your standard of living in time. Do you want a stainless steel fridge? Forget it – no one even had a refrigerator 100 years ago. Even better, the modern marvel of 50 years ago is now the economy version of today so your replacement cost is lower each time you need to replace an item.

Need that latest turbo, all wheel drive, leather interior badged car? No you don’t! You will be just fine with an economy car and still be better off than 49 out of 50 people 100 years ago.

So Many Horses!

Did you know the model T ford generated 20 horse power?

What amazing technology! 20 horses in one device! Wow!!!

The 2018 Ford Focus generates 160 horsepower and made the list of lowest cost cars! That is 8 times the power of the model T and 160 horses!  That is plenty of zoom and more power than most farmers had 100 years ago.  And it the Ford Focus of HorsePower Awesomeness can be owned new for a about $18000. And, amazingly, this is  still costs less than the slower (inflation adjusted) Model T Ford price of $22,000. And you can often (but not always) save more money purchasing a used car!

Public Domain, Link

The idea here to freeze your standard of living where it’s  at now. No upgrades, just replacement items.  You will be just fine keeping the things the same. You know this because you live exactly that way right now!

Add Even More Horsepower

 

In a pickle and want to save more money? Work 55 hours a week. 50 at work and  doing your own chores around the house you currently outsource.  You will save money and might get a raise.

By attempting to match your grandparents work ethic and freezing your standard of living your cash flow will almost immediately turn positive.  I look forward to seeing you soon in the private school parking lot  in your amazing  horseless carriage. Zoom zoom.

 

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

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.

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.

Increase your food expenses!

Food is  a big portion of household spending. You probably think you want me to cut expenses drastically here as well. Nope.

You have enough income to consider private school so most likely you have a two income household where everyone works in competitive and draining jobs. And now I am asking you to think about cutting costs and to take regularly repeated actions. This takes a lot of energy and a clear mind.

Going for the pancakes instead of an egg white omelet with mushrooms and peppers because the pancakes are a fraction of the cost makes sense right?

Not always. Paying for private school means developing your children to their full potential. And that applies to you as well. Some things make sense to pay more for and actually ending up costing less in the long run.

Pancakes, for example, can cause a temporary spike, and insulin rush, a crash and then a fuzzy fog hours later. We need you to have steady and calm energy all day and then in the evenings, after a long commute, feeling like you could be productive. That way you will have enough energy to do some money saving record keeping after a full day at work. Slow and steady wins this race. Eat whole foods.

You will find your food costs might go up a little but your energy levels become a steady fire once you drop the spikes associated with sugar and ultra refined flours. Soon enough, after a ten hour work day followed up by dinner and dishes, more work will be quite simple and enjoyable. This is an investment in yourself, just like private school is an investment,  and will soon pay for itself many times over as your steady energy enables you to do more.

Don’t worry. You come from a long line of people who worked from dawn until dusk six days a week.  All you need to do is eat like them. Don’t eat anything your great

grandmother didn’t eat. If the dish appears to be traditional eat that – most likely it is mostly vegetables with a protein mixed in and sometimes a whole grain. Do this for a week for each meal and prepared to be amazed.

And when you are outside your dwelling some evening because there is something you need to do to save money and because you eat well you will have the energy to do so. You will invariable notice the soft glow in the windows nearby just sitting around being passively entertained. At first this will be alarming. Eventually you will realize you are playing a game where only a few are even showing up to participate.

 

 

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