I left a banking job, 14 yrs experience to teach. took a 45% pay cut. I thought it was worth it in exchange with more time with my kids. Sadly this is not true. There are alot of other activities you need to be involve in on top of teaching, if you want to get good grading.
Also taking leave is not possible on teaching days hence if kids are sick your spouse must be able to take leave not yourself as you have classes on.
Think twice for those considering teaching. You must know the pros and cons. The best pros of teaching is the classroom time. Anything outside classroom time are really administrative.