There's a lot to consider financially in this situation, from the costs of losing one salary to the costs of childcare. You and your partner will need to have some frank money conversations before you get too far into the process, and decide on your goals and priorities.
Even though you'll only have one income, it will take two people to make sure that everything goes smoothly. Start by having a conversation about your money, talking about how you'd like to live and the changes you'll have to make to support your new lifestyle. . Take an evening to go through all of your income, savings, expenses, and debt to make sure that you'll be ready to make this jump, and to make sure that you're both feeling the same way about it.
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