Thats exactly what we did. We started an automatic savings for this even before we conceived! We also got rid of cable, gym memberships, drive 10 year old paid off sedans, bought a very small house we can afford w a low mortgage, our vacations have been the beach and camping. Its a sacrifice that I wouldn't change for the world to be w my son. Ive had comments asking how i could stay home, how we afford it, when my husband is only a teacher w teacher salary but these same people are the ones w 1000 dollar phones, new SUVs, 2000 sq foot homes for 3 people, etc. its allll choices.
Its the perfect life. Its harder than a job outside the home but more worth it.My boy is 2 and its flown by. I am enjoying our lazy mornings snugging and playing, picnics in the yard, and day long park trips. Its jealousy. My 2nd child will also get to experience this.