Tricks to living on St. Thomas and Kids in Private School
After many years of coming to St. Thomas every year we are planning moving to St. Thomas in June 2018 approximately. We will have a funds to help us start up on and plan on renting when we get there. As everybody says not good to buy immediately. Our dream is to open a nice little eatery that becomes a local favorite and a tourist spot. Any advise on getting the eatery started or if you know of a business that is ready to sell please let me know.
My question is how is everybody affording the private school fees? I see the school population is a significant number but it is so expensive. We will make it work some how but was curious if there was any tricks. We have two elementary kiddos. They will be in 1st and 3rd grade when we move. I love Antilles but will probably go to the Montessori school as it has really good program and it cheaper.
You can start with the DLCA website for info on business license and other business specific requirements. You will need to register your business name with the Lt. Governor's office.
Montessori is as good as Antillies, its just different. Depends on the kid.
My question is how is everybody affording the private school fees? I see the school population is a significant number but it is so expensive. We will make it work some how but was curious if there was any tricks.
Unless tuition is covered through your employer or you are elligible for scholarships, the trick is to figure out how to make a lot of money, live very simply, or both. A family of 4 can easily spend close to $30k/year on utilities/housing in a decent area, and often over $25k again on tuition for two, so right off the bat you need to make close to $65k before taxes for just those two items. Add in food, transportation, medical, travel, and recreation and the number easily hits $100k/year for a family of four to live a normal middle class stateside lifestyle. It is possible to live here for way less, and I'm sure lots of people can chime in to prove me wrong, but in my observation of transplant families living here, that is kind of the baseline household income.
not sure about stt but on stx there is always a restaurant for sale. so should be easy to find an available location