We full-time and the DW tries to have items that serve multiple purposes. We rarely use the stove top, but use an electric skillet, griddle and crock pot. Between those, a few other pots/pans, and cooking on the grill, 80% of our cooking is done on those. She saved a couple of cookie sheets and muffin tins for when she decides to bake. We also use a "if we've not used it for a few months, it's out" philosophy, as well as "add something - lose something" so we don't allow our ownership of stuff to grow.
Have fun and good luck!