In what context, can I use ill afford?

Can I say it in the following?

You can ill afford to hire that tutor for your kids.

Yes, as in "he's too expensive"
I didn't expect the answer to be so specific. Thanks, anyway.

By the way, is it possible that the tutor has a poor track record?
Yes. He would be too risky.
Thanks, MH.
A lot of usage is financial, but not everything: