In regard to hafam's comment: "As the kid grows up, the material is much more advanced and preparation time is harder. Not to talk about our knowledge is very limited, how can we find out info enough to teach our kids what we have no clue about."
I was in public school through 8th grade at which point my parents homeschooled me. My mother and father never went to college, so our family thought it was a horrible idea but it actually worked out very well. I was always raised to believe that education was fun and extremely important so I actually had no problem teaching myself the subjects that my mother wasn't good at, like math and grammar. For other classes, like writing classes or biology I was able to take classes at community colleges and with other homeschool groups. Now, it is rare that any child would take an interest in teaching themselves but most of them aren't taught by their parents the value of a good education like I was. By the time I was a senior in high school, I was teaching myself calculus (and I'm not a math genius at all). My family wondered if I really was learning anything, but when I took the SAT and the scores came back, they realized that the scores were high enough to get me into Yale, so homeschooling really was working.
The other option is to homeschool until high school, which is what my two best friends from college did. They were very successful homeschooling and the advanced classes offered in high school continued stimulating them. They both had SAT scores in the upper 1 % of the nation, with one of them having a full scholarship to Princeton.
I definitely suggest homeschooling but you need to be aware of the legal issues in your state. California, where I grew up, is very strict about homeschooling and as far as I know just last year was considering making into law that all homeschooling parents have a teaching credential. That idea was thrown out though. A good place to start looking for information is the home school legal defense association.
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