How to Afford Adoption
OK
There is much conversation in British circles about the cost of adoption and I am not sure why everyone is so perplexed by this. When you adopt internationally, you are NOT 'buying' a baby, you are paying legal fees for lawyers, adoption hearing etc as well as travel expences, the expence of a VISA etc. Many people think nothing of spending 15K on a new car, and yet seem to have a problem spending on adoption related expences.
Many people do not have that amount of 'spare' money haging around but there are ways you can have more affordable adoptions.
1. If you adopt through Children's Services, there are no fees - the homestudy, classes, paperwork etc is all FREE.
2. The age of the child you adopt can make your adoption more affordable. For example, if you adopt a baby (i.e. a one year old - usually the youngest age you can adopt internationally) there are many extra expences like daycare (for longer), baby furniture etc. If you have a heart to adopt a 3 or 4 year old it can make your adoption far more reasonable as you don't have childcare costs.
3. FUNDRAISING - here are some ideas!
- Have carboot/garage/yard/ebay sales - sell everything you don't need, has no sentimental value etc
4. START SAVING - look at your expences, do you really need to buy lunch out, eat out, pay for cable/satellite tv? Can you buy less expencive groceries and make things yourself??
- Make a savings plan and stick to it - i.e. save 200 a month by cutting out things like those above.
- Start to live off one income (if you have a partner) OR live off the income you will have once you are a parent - if you will have to pay 500 a month in childcare, start saving that 500 a month now so that you are used to not having that money.
- Get your family and friends to help you with the costs - donation to an adoption fund instead of presents etc.
- Take up an extra job - i.e. if you enjoy dog walking - start a local business, take in some secretarial work, become a mystery shopper, work at a bookshop at weekends, baby sit etc.
- Look at adoption as a long term plan - adoption doesn't happen over night, and it certainly takes longer than 9 months 'gestation'. By the time you have completed your classes, homestudy, got approval, been approved by the country, been invited to travel - well for most people that is about 2 years.
5. LOOK CAREFULLY AT THE CHOICES OF COUNTRY - some are MUCH more expencive than others
6. RE-MORTGAGE - some people can add 5 -10K onto their mortgage and not have huge changes in what they are paying monthly.
7. SPACING OF CHILDREN - Have 3 or 4 years between adoptions so that you are not paying for childcare of more than one child, for example having a 2 year old and 6 year old (who is in school full time) is much cheaper than paying for a 2 year old and 3 year old to attend creche!
Look at it this way:
If you saved 100 a month from cutbacks
If you put 200 away a month that you will be paying towards childcare
If you earned 200 a month from an extra job 6 hours a week
If you had 4 sales in a year and earned 100 at each one
If you were donated 100 for your Birthday and Christmas over one year, you would have a grand total of:
TEN THOUSAND EIGHT HUNDRED!!!!
So, there are ways!!!!
(now you have to think about saving for the second adoption!)
There is much conversation in British circles about the cost of adoption and I am not sure why everyone is so perplexed by this. When you adopt internationally, you are NOT 'buying' a baby, you are paying legal fees for lawyers, adoption hearing etc as well as travel expences, the expence of a VISA etc. Many people think nothing of spending 15K on a new car, and yet seem to have a problem spending on adoption related expences.
Many people do not have that amount of 'spare' money haging around but there are ways you can have more affordable adoptions.
1. If you adopt through Children's Services, there are no fees - the homestudy, classes, paperwork etc is all FREE.
2. The age of the child you adopt can make your adoption more affordable. For example, if you adopt a baby (i.e. a one year old - usually the youngest age you can adopt internationally) there are many extra expences like daycare (for longer), baby furniture etc. If you have a heart to adopt a 3 or 4 year old it can make your adoption far more reasonable as you don't have childcare costs.
3. FUNDRAISING - here are some ideas!
- Have carboot/garage/yard/ebay sales - sell everything you don't need, has no sentimental value etc
4. START SAVING - look at your expences, do you really need to buy lunch out, eat out, pay for cable/satellite tv? Can you buy less expencive groceries and make things yourself??
- Make a savings plan and stick to it - i.e. save 200 a month by cutting out things like those above.
- Start to live off one income (if you have a partner) OR live off the income you will have once you are a parent - if you will have to pay 500 a month in childcare, start saving that 500 a month now so that you are used to not having that money.
- Get your family and friends to help you with the costs - donation to an adoption fund instead of presents etc.
- Take up an extra job - i.e. if you enjoy dog walking - start a local business, take in some secretarial work, become a mystery shopper, work at a bookshop at weekends, baby sit etc.
- Look at adoption as a long term plan - adoption doesn't happen over night, and it certainly takes longer than 9 months 'gestation'. By the time you have completed your classes, homestudy, got approval, been approved by the country, been invited to travel - well for most people that is about 2 years.
5. LOOK CAREFULLY AT THE CHOICES OF COUNTRY - some are MUCH more expencive than others
6. RE-MORTGAGE - some people can add 5 -10K onto their mortgage and not have huge changes in what they are paying monthly.
7. SPACING OF CHILDREN - Have 3 or 4 years between adoptions so that you are not paying for childcare of more than one child, for example having a 2 year old and 6 year old (who is in school full time) is much cheaper than paying for a 2 year old and 3 year old to attend creche!
Look at it this way:
If you saved 100 a month from cutbacks
If you put 200 away a month that you will be paying towards childcare
If you earned 200 a month from an extra job 6 hours a week
If you had 4 sales in a year and earned 100 at each one
If you were donated 100 for your Birthday and Christmas over one year, you would have a grand total of:
TEN THOUSAND EIGHT HUNDRED!!!!
So, there are ways!!!!
(now you have to think about saving for the second adoption!)
