I'm sure many of my regular readers know how I feel about this subject. I think staying home and raising kids is the best thing a mother can do for their child. Obviously, not everyone can afford to stay home but we have always managed, even when we only brought home $800 a month. No, we weren't on welfare either. We chose to buy things we needed not wanted. I think those harder times have made our kids more appreciative of what they get now, unlike so many kids today.
You cut back spending, find creative ways to entertain at home, cook from scratch, and use coupons!..LOL
Don't be discouraged. They're are much worse things that could happen to your loved ones than financial matters.
We've been living on one income for 10 years, since my oldest was born. I was a teacher prior to that. Although teaching is very flexible, we decided it was best for me to stay home full-time, like it was said, most of the PT income would have gone right back to daycare.
Although my Hubby has Crohn's and in 2002 was on disability for 5 months due to a flare up and eventually surgery, that can rear it's head at any time, we've made it work for us.