Many homeschooling families (and non-homeschooling families, too) are living on one income in a two-income economy.
Our own household income was cut by 50% when I quit my full-time architecture career to stay home with our first baby. We had some savings and made it work for the short-term but once we decided to homeschool we realized the “dip-into-savings-and-just-don’t-buy-stuff” approach wasn’t going to work for the long haul.
The loss of one full-time salary or the switch to part-time income with fewer benefits is a huge adjustment. In a culture obsessed with money and material possessions you’ll need to muster all your courage and intentionality to stick to a financial plan that works.
But I’m here to tell you it CAN be done!