My parents were not consistent, they did not stick together, and they got divorced after I left the house - talk about a nightmare place to be raised, I wasn't a bad kid, but I was on restriction most of my teen years. My sister had a more difficult time than I did - so difficult that she came to live with us for a year. I wish we kept her longer.
I want my kids to have fun, I want them to know that we do indeed have expectations, and if they choose to not fulfill those expectations, they will have consequences (ie: the FUN will be taken away). Our teen daughter is learning this the hard way

We didn't ever need to use time out, or hand smacks when they were young- we would just get down to their level and explain why something was dangerous or naughty - thankfully that worked for them. On the other hand, if they got themselves into a mess, I (mindfully) took responsibility for them not being supervised properly first, and then explained to them why they shouldn't do that again, (ie: hiding in the dept. store, disappearing near a river, turning up the stovetop when "we" were making popcorn...). Both of them have been slapped across the face, the good, old world, Italian way, but that has only been when they smarted off - we are lucky because so far, ours have not been "troublemakers".
I am very thankful that I have been able to stay home with my kids. I like being available to them and I am grateful that Wade has not pushed me to become a member of the rat race.