How to Determine If You Can Move from Two Incomes to One

A reader left a comment on my post titled Help a Reader: Going to One Income that I thought was especially good and should be shared with everyone. Here it is: My wife and I are going through this exact thing right now. Here's the approach we took: 1. Compare income vs. childcare costs. In our case, we already had one child in daycare while my wife and I both worked. Adding a second child to daycare (and remember infants cost way more in childcare than a 3 year old) was going to put our childc