Adoptive Families Blog

Worried About the Cost of Adoption?

Posted by Lifetime Adoption on October 27, 2014

Adoption can give you the family you’ve always dreamed of having. It can be the greatest journey and joy of your life, and give you the greatest of blessings: a child of your own.

Many families would love to experience this joy and blessing for themselves; however, they are worried about the cost of adoption. The costs of a private adoption vary and are based on many different factors, but there are always expenses. And while these expenses are well worth it, the fact remains that cost is a very real concern for most families.

Thankfully, there are things you can do to both increase your own personal budget, as well as ways to make adoption more affordable:

1) Set a family budget. Record your expenses for three months. Determine what costs you can cut or reduce, then do it. Even seemingly small cuts and reductions can add up fast!

2) Set an adoption budget. Do some research into the cost of adoption and take notes. Given the varying types of adoption available, figure out first what most interests you, and then focus on those costs. Determine what a realistic figure is. A good place to start is the Lifetime website, which details many of the items you should include in your budget.

3) Explore financial assistance. In some circumstances, Lifetime Adoption provides adoption grants for families to help defray the cost of adoption in order to find loving homes for children. There are many other grant programs as well, which you can explore here.

There are also loans, government subsidies, tax credits, military adoption benefits, and employer assistance programs available that may fit your situation.

4) With today’s crowdsourcing websites, many families have gotten creative in raising funds for their adoption. In fact, crowdsourcing has been termed “the future of adoption,” because it provides wide avenues of seeking funding assistance, enabling more parents than ever to viably pursue adoption.

If you aren’t familiar with the term, crowdsourcing is done by soliciting contributions from a large group of people, especially from an online community. You don’t have to be especially tech savvy to use this tool. Websites such as Kickstarter will walk you through the process quickly and easily. Those who are a bit more comfortable online can set up an individual, personalized website to share with family, friends, and online supporters. You can read more about crowdsourcing here.

Adoption is not without cost, but it does not have to be unaffordable. There are now more ways than ever to fund your adoption efforts and begin building the family you’ve always hoped for.

Topics: Adopting a child