My wife and I live fairly comfortably, but certainly not rich or wealthy. I can cover our mortgage and major bills with my salary but it would generally only leave a little bit extra every month for savings. We have some savings we can dip into if needed for anything major.
Much of this comfort comes because we had our son relatively late in life. I'm in my 40s and my wife is about to be and our careers are fairly well established.
Basically my wife wants to take the year off to help support my son entering kindergarten. He's generally very active and doesn't follow instructions particularly well and lacks focus, so certainly some extra attention might be helpful. I do have thoughts tha