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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't think you're necessarily in bad shape although you haven't shared any numbers with us.  If he's making $300K per year and he takes a 33% paycut to work fewer hours and you're still pulling in $200K per year you should be in good shape since you have no daycare expenses and you have no mortgage.  I mean, let's say he took out a ton of student loans and had $300K or $400K in loans (are they even that high?).  Your loan payment is basically what other people pay for a mortgage payment.

Work might bother him less if he's working more reasonable hours.  [/quote]

He doesn't make quite that much - if he went part-time, he'd be making around $100-120k. We live in a modest home ($400k) so that keeps our expenses down, and could possibly downsize further if we really had to.  Student loan debt is at $150k. Public schools, no daycare, just preschool, one activity per child, and a few camps in the summer.  We'll definitely need to cut out the summer camps.[/quote]

[quote]We are in a single family home currently so we'd have to downsize into a 1200sq ft condo, townhome, or twin. 3 kids between the ages of 3 and 8. I grew up in a small home, so I'm not averse to it, but I would be sad that we would be less able to host friends and family. And I think DH would really miss having a backyard for his gardening - but if it meant that he could work part-time, he'd be willing to give up the gardening. [/quote]

Ok, so 15 years ago I supported my husband in taking a 40% pay cut to go for his dream job.  We had no children at the time. I also ended up taking a pay cut in the move. So, I am not unfamiliar with giving up some things to help your spouse thrive.  And I have made many, many more sacrifices in the subsequent 15 years due to the type of work he went into.

That said, there is pretty much NO WAY I would agree to my husband taking part-time work while there are six figure student loans still looming out there.  If you guys agree to cut back on certain things, including moving to a townhouse from your already very reasonably priced home, so be it. But until those loans are out of the way, just nope. Also, who carried the health insurance? How will you fund retirement? What happens if one of you becomes sick or disabled and are not able to work? What if one of your children suffers a serious medical condition or disability? What about the children's education? What if one or more of the children find interest in more than one activity?

I echo the others that have said you should talk to a financial planner - not just because you kind of seem to be winging it - but because with proper planning you can probably do all of the things you want to do and prepare for any adverse events as well.  But your husband is going to have to step up to the plate and sacrifice too. He owes it to the family to get his loans taken care of before he makes a major change affecting the family income.
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