Marily addressed this important issue in her article, You Can Do it! How to Switch to One Income. I want to elaborate a bit since this is a big issue for many families. Marily may also have more to share, but I don’t think there can be too much information when it comes to making such an important decision.
If staying home and living on one income doesn’t seem feasible right now, you may still be able to do it if you do so slowly, transitionally, instead of taking a leap. It may require that you go from full time work to part time work at first, so you can put away some money, before quitting your job. On the other hand, it may require you to find a way to make an income from home. For more information, please visit the Home Business Blog and also see Don’t Quit Your Day Job Yet, which was written as a guideline to help ease the transition from a 9 to 5 to working at home.
If you are looking for ways to earn money from home, be aware that there are many scams out there. While there are legitimate work at home opportunities, you have to research them carefully. Some have been detailed in the Home Business Blog by writers who have tried them and offer reviews, good and bad.
If staying home with your kids is your dream, you can make your dream come true. It takes some creative budgeting, cost cutting, and perhaps imaginative ways to make extra money, but you can make it a reality just as many other families have. There are plenty of resources available to help you in this endeavor, including websites and forums where people with the same interests offer free advice, information, and support.
Best wishes!