I'm a little late with this post (last post was months ago) but I will anyway even if what I say is repeating what others have already said.
My kids are now 10 & 8 and have always went to public school other than preschool thru our church and I'm a stay at home mom because at the time was too expensive for daycare. When they were old enough for school I was glad to send them off because I desperately needed the break, or so I thought at the time. I've regretted that decision ever since. I'm not confident enough in my own ability to teach them to their full potential. I realize public and/or private schools don't either, but if I were to h/s them I want to know for sure I'd do a much better job and not just barely get by. Also 10yo has always wanted to go into the Army and as I understand it nowadays they won't let anyone in without a diploma, NOT a GED. I may be wrong, but this is what I've heard.
Thing is, my common sense tells me that it will all work out much better than my fears-but it's just taking that first step that's so hard.
What I've seen in comparing our family with others that have everything with both parents working is that the parents buy those gadgets, toys and electronics for their kids and have them signed up for too many activities is to "make up" for no real family time. As if their mind set is "keep the kids busy with ball games or ballet, newest video games, cell phones, ipods, whatever so I don't have to have a close personal relationship with them and they can't see the guilt in my eyes because I had to miss out on their school science project because of a board meeting"
I'm sorry if this sounds harsh on working parents, I do understand the need for both parents to work. Not just financially, but also for that sense of self independence. In working you are still teaching your kids valuable life lessons. Just don't "buy" your kids attentions.
Yes, I've questioned my decisions about quitting work and staying home and about school vs homeschool. But if I had it to do over again, I'd probably still opt to stay home, but would have h/s from the start. I haven't given up on the idea of h/s (or I wouldn't be reading this thread) and maybe one of these days I will get off the fence and jump right in.
Ultimately, the choice is yours to work or not, h/s or not and either way you go is not set in stone and you can go back. If you love staying home and homeschooling your kids, then don't give that up for love or money. Your kids are your responsibility, their life and education. If you go back to work you will be handing over that responsibility to others-school, daycare, friends, relatives, neighbors and in a round about way other kids. Who they spend the most time with is who has the greater influence on their life and their direction. Exposure to outside influences are rarely healthy influences. Good luck.