ETA: Sorry - I don't read ahead...looks like I said much of what others said!!
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Okay - education is IMPORTANT. However, you, yourself are going for your RN. Can you work and do the RN degree at the same time?
There are several things I would do. I would:
1. Talk to the bank and find out how much of a loan we qualify for.
2. Go to via greatschools.net to see which schools would work for me and my family.
3. Find out how much houses go for in that district.
4. Is there one that fits my family?
5. How would it change our lives?
6. How would this impact my husband's commute to and from work.
7. Check into private schools.
8. Check to see if we can qualify for grants or scholarships at the private school that works for me and my family.
If you go back to work, you will need to figure in:
a. cost of daycare - will you make enough to cover day care costs, taxes, etc.?
b. can you afford the gas - food - wear and tear on the car to go back and forth to work?
c. what about personal maintenance....clothing, hair, makeup, etc.? Yeah, it's those things...
If the answer to those questions is - no - then I would home school my child. I am already at home. I would find out the state laws regarding home schooling and look around my area and see if there is a home schooling network, as there are some subjects I am not good enough at to teach my child.
Get your ducks in a row. KNOW your information - costs, etc. - then make the decision from there.
GOOD LUCK!!