I don’t believe its unrealistic. We just decided that was how our family was going to be, did the financial planning and did it. You can bet it was a struggle on one income but not impossible. We just planned it out and lived with in our means.
Part of that plan was what house we where going to live in. We are still living in our 1st home that is fairly small house but with a very manageable mortgage. That was our decision. Must say it has worked out well so far. As our kids are into their teenage years now our small home provides plenty of contact time with them because its just hard for us not to keep running into each other. Another unforeseen benefit of this plan.
Wouldn’t say I had a killer job to make this happen. For the most part I don’t believe we have ever even hit that middle income class. For the last few years its been well below that. I think these harder times have just brought our family closer together.
To me what is unrealistic is telling the wife you are going to work 40hrs a week, add in another 10hrs of commute time, then come home to a messy home, un fed kids, clothes, day care, shopping, ect, ect, ect, and we are going to take half or maybe even most of your income to pay for all of this. Sounds like a recipe for disaster and a very stressful home life to me.
I apologize for keep referring to the wife staying home. I know nowadays its not always the wife that is the stay at home parent. Good friends of our he stays home because of her income. Its what worked for them.