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Adoption Financing 101: How to Adopt a Child Without Going Broke

Adoption Financing 101: How to adopt a child without going brokeOne of the biggest hurdles that people face when adopting a child is the cost. Let’s face it: adoption isn’t cheap. In most cases, a domestic adoption in the United States could cost around $25,000 to $35,000 depending on different variables. Adopting internationally can be even more expensive, with total costs reaching as high as $50,000 or more.

Those figures may seem extremely daunting at first. And sadly, many people who want to adopt are scared away by those figures and give up on their dreams entirely, thinking there is no way they can afford it. That’s really a shame.

It doesn’t seem right that adoption should cost so much, but it is what it is. The good news is that there are many ways to make adoption more affordable.

For one thing, the figures you see above are total costs, and you most likely won’t have to shell out that amount of money in one lump sum, meaning you get to pay over time. (You should never work with an agency that asks you for all the money up front anyway!) There are also many ways to reduce the cost of your adoption, and to find or raise money to help defray the costs. You don’t have to go broke, take out a second mortgage, or sell one of your kidneys on eBay to afford an adoption. With a little discipline, determination, and creativity, you can come up with the funds you need.

One of my main goals here is to help you find ways to make adoption more affordable, so I want to share with you a basic guide to give you a few ideas. We’ll explore these in greater detail in future blog posts, but for now, here are the basics.

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