Hi - For what it's worth, when I was presented with that option, I declined. At the time, I was pregnant with baby #2 and had an 18th month old at home. As it was, I felt like I was already missing out on alot with him. When baby #2 was born, we tightened our already-tight bootstraps even more, and I quit my job. I stayed home full time until they were both in school. Our house was literally falling apart around us (leaky roof, broken fence, peeling paint...you name it). But I have to tell you, the stress of 'trying to fit it all in" completely went away. Of course, it was replaced by financial stress...but we just kept reminding ourselves that it was short term and the time with our boys would not be replaceable. We never, ever, ate out and we lived hand to mouth (but, had no debt other than the mortgage). I truly enjoyed and cherished the time with my boys, despite the stress of living VERY frugally.
Fast forward...our boys are now 8 1/2 and 7, hubby just got a year end bonus (whew!), and we are spending money on Xmas presents for the first time in 6 years. I have been back at work, in my field (biotech) part time this year, and it's been PERFECT. I would absolutely, unequivocally, NOT change a THING. The time with my boys absolutely FLEW by and now they are 'little men' (well, first and third graders, but sometimes it seems like they are all grown up...lol)
Anyways, I hope this helps and I wish you all the best with your decision. Happy Holidays! PS just reread this, sorry for all the capitals! haha