Hello
I'm an Eduational Psychologist, but did my training six years ago under the old one year masters course so it's quite different now. However, I do have freinds/colleagues who have trained under the 'new regime'.
In terms of the actual job, I would say it is an excellent job to combine with a family, especially if you work for a flexible service/local authority. I work two days a week from my office and half from home and have recently taken on an extra half day locum with another authortity. There are also opportunities for private work, work in universities etc. which can make the role more varied.
In terms of the training, it's not as flexible as the actual job. I think that the first year is okay, although it truely is full time, either at uni and then on placement, plus assignments etc. Funded places are competitive, but gettable with the right sort of experience (although if you are tied to one area, you may have to apply over a few years). Getting the trainee posts with local authorities in years two and three is getting hard now, with all the local authority cuts. In fact, I know that several first year students this year do not have paid work to go to for years two and three.
When I qualified there were lots of jobs around but I think that this has changed a little too, with the local authority cuts. However, I think that you will always find a job in this profession and that things will get better again.
There are also lots of opportunities to take on more mangerial/senior/specialist roles which are a good way to move up the profession.
It's an interesting, if challenging, role with lots of variety. Can sometimes be frustrating, especially when you are too short of resources/time. However, with lots of different opportunities and the chance to feel that you are making a real difference to the lives of vulnerable children, I would say it is worth the effort and hard work it takes to get there.
Good luck :)