She Strengthens

Pursuing Private Adoption: Breaking Down the Hidden Costs

As my husband and I embark on our private independent adoption journey, we’ve been saving diligently to make this dream a reality. While the process can be daunting, we’ve learned that it’s essential to budget for the various expenses that come with private adoption. One of the most significant hurdles is the cost, which can be as high as $40,000. However, this figure can be misleading, as many private agencies don’t charge such exorbitant fees.

The True Cost of Private Adoption

In reality, there are numerous smaller fees and costs that add up throughout the process. To make adoption more affordable, many couples and individuals use a combination of savings, adoption grants, family support, employer assistance, and adoption loans. We’ve discovered that it’s crucial to save all receipts, as they can be submitted for reimbursement or used to apply for adoption grants.

Starting Early: The Benefits of Saving

If you’re considering adoption in the future, it’s wise to start saving specifically for this purpose. Even if you ultimately decide not to adopt, the funds will still be useful. By beginning early, you can earn interest on your savings, and every extra dollar counts. This dedicated savings account can serve as a motivation to save, especially for those in their early 20s.

6 Hidden Expenses to Budget For

When researching private adoption, it’s essential to consider the following expenses:

1. Background Checks

These checks are necessary for the adoption agency to know about any prior legal issues. They require minimal time but can take several weeks to process and cost around $75 per person.

2. Education/Training

Online training courses are legally required for foster care and private adoption applicants. These courses can cost around $100 per person but provide valuable information to prepare you for the adoption journey.

3. Profile Design Services

Adoption agencies use profiles to introduce potential birthparents to adoptive parents. Many people opt for professional help with writing, editing, and design, which can cost around $500.

4. Hotel Stays

Some couples may need to budget for hotel stays during the adoption process, especially if they need to travel for the birth and release of their adopted child. It’s essential to factor in these costs and ask about potential long-term stay discounts.

5. Travel Expenses

Flights, gas, and car maintenance are necessary expenses when taking custody of an adopted child. Be prepared to budget for these costs, especially if you’re working with an agency that operates nationally or internationally.

6. Medical Fees and Living Expenses

Adopting an infant may require paying for medical expenses for the birth mother. It’s crucial to have a buffer for these unexpected costs and to research your state’s rules regarding cost sharing and insurance.

Planning Ahead Reduces Stress

While we didn’t have all the expenses saved up before starting the process, we’re committed to continuing our savings efforts. If you have the luxury of time, it’s recommended to stash as much cash as possible in your savings account. Having a solid financial plan in place can significantly reduce the stress and anxiety associated with adopting a child.