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How to Save Money on Adoption

Ever since I was a kid I was brought up to be frugal and to save and budget money. * Disclaimer: I am not a financial planner.

We've talked about how adoption costs vary based on factors like where you live and which type of agency you use. Here are more tips for reducing those expenses

Start with your insurance.

Insurance can cover a lot of the cost of adoption, including medical bills and legal fees. Before you begin your search, check with your insurance company to see if they cover adoption expenses. Some companies may limit their coverage to certain types of adoptions or have a cap on how much they'll pay out in claims. If an insurance company does not cover any part of the adoption process, then you may need to pay out-of-pocket.

Get help from a financial planner.

A financial planner can help you manage the costs of adoption and plan for the future.

  • Financial planners can help you save money on adoption by helping you decide whether it's right for your family, and how to go about it. A financial planner will also make sure that your overall budget is balanced so that you don't overspend on anything else in order to pay for an expensive adoption.
  • Financial planners can help with all other financial matters, including:
  • Planning for retirement
  • Managing my current portfolio
  • Helping me plan for college education expenses

Start fundraising and crowd-funding options.

Start fundraising and crowd-funding options.

Fundraising is a great way to save money on adoption. You can do it in a lot of ways, but even something as simple as asking friends and family who want to help you out with the baby's expenses might be enough to cover some of the costs.

Crowd-funding is another way to raise money for adoption. Crowd-funding websites allow people who are interested in contributing towards your adoption fees but don't have much money available for one reason or another (maybe they're young moms looking for new clothes for their little ones) to make small donations that add up over time!

Some examples of crowd-funding websites include GoFundMe, GiveForward, and YouCaring

Use a type of adoption with little or no fees, like foster care adoption.

If you're looking for an adoption scheme that won't cost you very much money, foster care adoption is a great option. This process can be lengthy, but if you don't mind a little waiting and want to adopt a child who needs stability and love, it's a good fit.

You may also want to consider adopting through the foster care system if your income is high enough that you could afford to pay for an agency-based placement (around $40,000), but would rather not spend that money on legal fees. For example: imagine that one of your friends has been trying unsuccessfully to get pregnant using IVF treatments; she really wants children but just can't afford the huge financial burden of paying for them herself. In this case, fostering her child may be more feasible than going through the agency route because she doesn't have any other options available at all—adopting from foster care would mean being able to meet her needs without putting any strain on her finances whatsoever!

Start planning early.

The sooner you start saving, the better. In fact, it's a good idea to start even before you've decided to adopt. That way, by the time an adoption is in your future and you begin searching for ways to pay for it, your savings account will already be well established.

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  • Start saving as soon as possible.
  • Start looking for financial help as soon as possible.
  • Start looking for an adoption agency as soon as possible (and don't forget about choosing an attorney).

Consider other methods of adding to your family that may be more affordable, like becoming a foster parent.

Fostering a child is a great way to help children who are waiting for adoption. You can provide a safe and loving home while they wait for their forever family. The cost of fostering is typically covered by the state, so this option may be more cost-effective than paying an agency or attorney fees to complete your adoption.

If you're interested in becoming a foster parent, contact your local Department of Children's Services (DCS) office or visit the National Foster Parent Association website at

If you're adopting a child in the United States, you're legally required to take 12 weeks of unpaid leave. This time off is called "adoption leave." Adoption leave allows parents time off work to prepare for their new child, such as selecting a pediatrician, finding childcare and getting ready for the baby's arrival.

Adopting a child can be stressful and difficult at times, so it's important to take care of yourself physically and emotionally during this period by getting plenty of rest. You might also want to keep a journal about your experiences throughout the adoption process so that you can reflect on them later if needed.

Adoption is a big investment that can actually cost less than you think it will if you plan ahead and make the smartest decisions possible.

Adoption can be expensive. The overall cost of adoption varies greatly, but it's not uncommon for families to spend more than $30,000 and wait more than a year to complete the process.

To avoid this steep financial burden, you should plan ahead and set aside money throughout your pregnancy so that you won't have to borrow the funds later on. However, this doesn't mean you shouldn't take advantage of free services offered by your local government or other organizations if they become available: these programs can help ease some of your adoption expenses as well as provide valuable information about how to go about adopting a child from foster care.

As noted above: adopting a child isn't just about money—it's also about commitment and community effort! Getting ready for parenthood means creating a support network among family members (if possible), friends who are going through similar experiences and online communities where people share advice about parenting issues such as breastfeeding or sleep training babies


We hope you found these tips and tricks helpful in saving money on adoption. If you have any other ideas, please share them with us! We’d love to hear from anyone who has adopted or is considering adopting.


This content is accurate and true to the best of the author’s knowledge and is not meant to substitute for formal and individualized advice from a qualified professional.

© 2022 Shanon Sandquist

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