Ok…I will be the first to admit that this week’s Adoption Blog Hop topic is not the least bit pleasant or romantic or fun. I know that even mentioning words like “money”, “debt”, “budget”, “finance” make people squirm in their seats!
Unfortunately, finances are something that are necessary to discuss when it comes to adoption. Some types of adoption don’t cost anything, but most adoptions cost a considerable amount of money. Let’s just be honest and say that they cost more than the average person has in savings.
Although we planned and saved ahead of time and we penny pinched and we fundraised, we still ended up going into debt for our Ethiopian adoptions. Our previous adoptions had been through foster care and had not cost anything (except of course for the obvious costs associated with the lifetime care and raising of the kids!).
Going into debt for our adoption is a regret that I have. The year after we brought our two new children home was stressful enough without adding in the stress and pressure of mounting debt and the extra work hours needed to combat that. It’s three years later and we are still working at paying it off.
Having said that, I do not regret our adoption! I just would like to encourage other families who are in earlier stages of their adoption process to carefully consider how they want to prepare financially for their adoption and for the ongoing costs of raising children.
I know that I’ve said it before, but I’m a big fan of Dave Ramsey’s Total Money Makeover. It’s not tricks or gimmicks. It’s hard work and sacrifice, but if you follow the plan, it works. We are using this plan to pay off our debt and it is working. I only wish we had started before our adoption and saved ourselves a lot of stress (and of course a lot of money in interest payments too!).
So of course, I always recommend to others that they try to adopt without going into debt to do so. Here are some articles that may provide some information and help concerning adoption finances:
10 Tips to Help Finance an International Adoption
How to Organize a Garage Sale Fundraiser
How to Adopt Without Debt (Dave Ramsey)
How we are Adopting Two Children Without Debt
Affording Adoption, Without Debt
Feel free to join in the Adoption Blog Hop with any adoption related post, not just those concerning adoption and finance.



















