I make 55k a year, she makes about 38. We don't have any debt other than our house and daycare would run $700 a month.
Mine was a teacher, so I guess she made about that.
She stays home with our 4 now. Well, 2 of them are now in private school.
I make more than 55k, but I'm not pulling in operator money in non-bonus years. It helps a lot that I'm able to be home every night at 5:30 and travel very little for work.
We don't fund any retirement accounts, but I'm not worried about 30 years from now too much. I can always live with one of the kids, amirite?
I think it would be valuable to have her watch the little one and no stress from both of us rushing to work etc.
"Valuable" is an understatement. You can't put a price tag on peace. Do it and just make it work. Don't drive new cars, only buy clothes for yourself when you have to, eat out less often, etc.