Saving for private school

[Bathsheba]

Hi, regarding saving schemes for private schooling: my husband is a bank manager and has doubts regarding most schemes of this nature. We don't profess to know everything about them though. We have been sending our daughter to a private school since she was 4 (started in her school's Early Learning Centre), she is now in grade 5. We have done this by simply living frugally and somehow finding the money each term (currently about $9,000 per year). We have done this on a single wage (I have been at uni/pregnant/at home with new baby). Yes, we have shares that we occassionally need to sell and this has worked well. For our youngest we will probably set up a savings plan with the bank... one that offers a high interest rate if you have regular deposits and no withdrawals which are available at most of the major banks. Good luck! BTW despite the financial sacrifices we agree that private education is definately worth it and one of the best investments!

ETA: two years later: she is now in high school (same girls' school) and we're now paying $12,000 p.a. Still no regrets!