Late to the thread as usual.
I did this for about 4 years. I've been back at work for about 7 years. Bottom line: I didn't love it, and was glad to get back to work. I really felt that, as a prime working-age guy, I was supposed to be working for money, and I never got over that.
When I started, the kids were 6 and 8. I did cooking, cleaning, home maintenance, kid pickup and drop off, kid doctor's visits, kid entertainment when they didn't have other activities, and volunteer stuff
Stuff I liked:
- Lower overall stress, of course
- No conflicts between job responsibilities and personal responsibilities. The very first week I started this, we had two huge snow storms a week apart. It was so nice to just deal with the snow and the kids without having to think about work.
- No work deadlines, no co-worker issues, no boss issues, no failing at work
- I did some volunteer work for organizations I cared about. Some of it occurred in the evenings, and I wasn't completely wiped out like I was when I tried to do that stuff while working
- More time to work on cars
- I could keep the house neater and cleaner (I'm a bit of a neat freak and my wife is the opposite, to put it nicely)
- I could do stuff with / for my kids, including attending multi-day cub scout camps or taking day trips, without dealing with job conflicts
- Shopping when no one else is in the store. Like grocery shopping or Lowes Depot visits at 8 AM. Sooo much better than weekend visits.
- Time to handle personal business without conflicting with work.
- I got to have actual weekends, instead of rushing to do enough chores in 1.5 days (because 1/2 day of work on Saturdays) to get set up for the next week.
- My wife was less stressed and had more free time as well, since I was able to do a lot of the stuff that she had done when we both worked. She also got to pursue her career harder, which worked out well for her (for a while, but that's another story)
Stuff I didn't like
- Nearly all the other SAH's were women, so different perspectives and different approaches to handling kids (I'm way more inclined to let them try stupid stuff, and then learn from it), and not really much opportunity to make friends.
- Far fewer topics to talk to my friends about, all of whom worked (and still do)
- Hanging out at the school playground after school, which I had to do because the kids wanted to. See bullet point above.
- Vacations didn't feel as special
- Figuring out what to make for dinner every day gets old
- Cleaning the house is really boring
- Occasional, but only occasional awkwardness when asked "What do you do?" by people I've just met.
- Overall, this time was less intellectually stimulating than having a professional-level job.