I'm going to pile in with being old-fashioned as well.
When our first child arrived, almost 20 years ago, we took the decision that we wanted a parent to raise her rather than palming her off to a bunch of strangers.
My wife had a good job which accounted for about 35% of the household income, so we had to cut our cloth accordingly, which included moving to a cheaper area. We went without holidays for years, down to one car, no extravagant meals out etc..., all things we had previously enjoyed. These may sound like first world problems, but when you're used to them, it's hard to give them up, but we felt it was worth the sacrifice, and without doubt it was.