Adoptive Families Blog

How to Get Financially Prepared for Adoption

Posted by Lifetime Adoption on April 11, 2019

Today's article comes to us from LendEDU.com, a website that helps consumers learn about more about financial products such as personal loans, credit cards, insurance products, and more. 

Throughout the United States, the National Council for Adoption (NCFA) estimates that nearly 100 million people have been impacted by adoption in some form or another. This could be one of the more than 110,000 children adopted each year or the parents, family members, or friends of parents who decide to add a member to their family squad. Adoption can be a beautiful experience for both the child and the family, but it comes with a variety of considerations, particularly on the financial side.

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Topics: Financial Assistance for Adoption, Adoption Fees, cost of adopting, afford to adopt, adoption financing, how to afford adoption, how much does it cost to adopt, employee adoption benefits, how much does adoption cost, affording adoption

How to Use a Loan to Pay for Your Adoption Expenses

Posted by Lifetime Adoption on January 9, 2019

Each year thousands of couples are able to realize the joy of parenthood through adoption. During the adoption process, fees are due for services like obtaining a home study, facilitating a match with a birth mother, and legal representation.

In addition to adoption fees, there are expenses such as the cost to create and print adoption profiles, hospital costs, birth-related expenses, and the costs associated with adoption travel (flights, fuel, lodging, etc.)

Fortunately, there are several financing and funding resources available, providing the route to adoption at a reasonable cost. Obtaining an adoption loan makes adoption feasible for many couples who wouldn't otherwise be able to afford it. With an adoption loan, you can typically enjoy access to the funds you need right away! Read More

Topics: Adoption Fees, cost of adopting, adoption financing, adoption loan, adoption loans, how to afford adoption, affording adoption

How Can Your Employer Help You Fund Your Adoption?

Posted by Lifetime Adoption on October 9, 2018

You might not realize it, but your employer might be able to help make your adoption a reality! More and more companies are starting to offer adoption benefits to their employees. Keep reading to discover how your employer might be able to help you fund your adoption!

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Topics: afford to adopt, how to afford adoption, fund my adoption, fund your adoption, employee adoption benefits, affording adoption

How to Get Started With the Basics of Adoption

Posted by Lifetime Adoption on September 5, 2018

When you've just decided that adoption is the way you'll grow your family, it can be hard to know how to start the adoption process.

What do you need help with to begin your adoption? What's standing in your way of achieving your dreams of adopting a baby?

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Topics: Adoption Questions, Domestic Adoption, Adoption webinar, Adopting a Baby, I want to adopt a baby, adopt a child, how to afford adoption

20 Effective Ways to Save Up for Your Adoption

Posted by Lifetime Adoption on August 8, 2018

When you’re trying to afford infant adoption, it’s important to cut costs and save money wherever you can. Lifetime Adoption suggests creating an adoption budget, and setting up a separate bank account specifically for adoption funds. Today, we’re sharing 20 effective ways that you can save up for your adoption:

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Topics: cost of adopting, adoption financing, how to afford adoption, fund an adoption, fund my adoption, fund your adoption, how much does adoption cost, why is adoption so expensive, affording adoption

Crowdfunding Options for Adoption

Posted by Lifetime Adoption on June 27, 2018

Choosing to expand a family in any way is beautiful, and adoption touches so many people around the world. Whether a family is choosing adoption after dealing with infertility or just because of a powerful desire to adopt, it can change lives in a huge way for both the adopting family and the adoptive child. Regardless of how a family comes to the decision to adopt, the process of adoption can be a long and hard road with obstacles along the way.

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Topics: Adoption fundraising, afford to adopt, how to afford adoption, fund my adoption, fund your adoption

How to Afford Adoption with a Loan from LightStream

Posted by Lifetime Adoption on April 23, 2018

All lending services are provided by LightStream, a division of SunTrust Bank, and we may be compensated by LightStream through links on this site.

At Lifetime, we don't want finances to keep you from being able to adopt. We recognize that the cost of adoption is an obstacle for many families. Luckily, there's a wonderful resource available to help families offset fees to make adoption more affordable.

An adoption loan through LightStream can make it possible for you to realize your dream of adopting a baby or child. Any hopeful adoptive family looking for an affordable adoption is able to take advantage of LightStream's loan; you don't need to be a Lifetime client.

LightStream loans can be used to pay for any aspect of your adoption process. That means the loan can be used not only to pay adoption professionals but also for things like adoption travel, preparing your baby's nursery, and profile printing costs.

LightStream has created an affordable solution for families hoping to adopt. Keep reading to get information about their adoption loans, as well as how you can apply!

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Topics: Adoption Fees, afford to adopt, adoption loan, adoption loans, how to afford adoption, LightStream adoption loan

6 Practical Ways to Use Your Tax Refund

Posted by Lifetime Adoption on March 26, 2018

Plenty of us look forward to getting tax refunds this time of year. Many people dream of using their tax refund check on expensive purchases or plan to spend the extra cash on luxuries. But just a few people will use their refund on an investment of a lifetime.

As a hopeful adoptive parent, your tax refund check provides you with the opportunity to invest in your adoption. So once you get your tax refund, think seriously about what you'll do with it. This money could bring you one step closer to the adoption of your dreams! Read on to find out how.

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Topics: afford to adopt, adoption financing, how to afford adoption, raise money for your adoption

How Can We Make Adoption Affordable?

Posted by Lifetime Adoption on March 16, 2018

If you're wondering how you'll possibly afford the costs associated with a domestic infant adoption, you're not alone. A lack of funds is the #1 reason otherwise qualified families state for not moving forward with adoption.

Adoptions can be expensive and include fees for the home study, agency, legal representation, facilitation fees and travel, among other items.

"We faced a financial issue 30 years ago when we were hoping to adopt. What we found is that when there's a will, there's a way," shares Mardie Caldwell, adoptive mother and Lifetime's Founder.

Today, Lifetime is giving you 6 tips for an affordable adoption will help you make your adoption dreams come true!

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Topics: Adoption fundraising, Adoption tax credit, Financial Assistance for Adoption, afford to adopt, adoption financing, how to afford adoption, employee adoption benefits

5 Ways to Realize Your New Year's Resolution of Adopting

Posted by Lifetime Adoption on January 1, 2018

With each new year comes new possibilities and hope for the future. It also offers the opportunity for commitment to a New Year’s resolution. Are you hoping to adopt in 2018?

We’ve all heard the saying “there's no time like the present.” Unlike New Year’s resolutions to lose 50 pounds or exercise more, building a family is a resolution that you don't set to get attention or to please others. The rewards that you get from becoming a parent will mean more to you than all of those superficial things. The life-changing event of adoption will be the start of a fresh chapter in your marriage and your family's history.

So today, Lifetime is going to share five steps to adoption to take into consideration this New Year:

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Topics: Open Adoption, Adoption Tips, Infant adoption, Domestic Adoption, I want to adopt a baby, how to afford adoption