So this post is not really about adoption but I was reading an article today on the cost of raising children and when I think about the cost that it will take for us to cover the adoption in the long run it doesn’t seem like such a big expense compared to what we will be paying for the rest of their childhood years. The article I was reading is here.
Although the adoption is probably going to end up costing us somewhere between $25,000 and $30,000 when you take into account that we wont have any medical expenses for an actual pregnancy and that some of it is tax deductible and we are able to get a credit back for some of it we will really not be spending all that much more on our path to parenthood.
From the article it seems like such a large figure that can be daunting for anyone trying or wanting to start a family but you also have to keep in mind that those expenses are spread out over 18 years. I know that even when you spread it out over 18 years it still averages out to about $1100 a month in extra expenses but not all of those things are set in stone prices as you can try and provide the same things for your children in a different way.
Andy and I have decided that he will become a stay at home dad after we place and then do some freelance work when he has the time to help contribute to the budget. In doing that we will be losing his salary but we are also not going to need to pay day care expenses and some of the expenses he has by having a job he drives an hour to each way.
Well I am officially traveling again. I am fairly confident that now that I am billable and busy with work we are now going to see more activity with our profile. I am not sure if I am excited for a fast match or if I would prefer to have another 4 or 5 months before the match takes place. Things can’t be decided until they are put in front of us but my usual worrying mind never stops turning.
On the upside of being on the road is 1 being on the road and not having to do all that driving every day, 2 being in Houston and hopefully able to see my sister’s family more often, and 3 finally being billable full-time again!
I am really excited about this project and it is actually a little on the large side for project team scale which I love. There are several people that I have worked with before and then a few that I haven’t had the chance to work with outside of just working on the phone for proposals or demos. Putting faces to names is great.
The extra money from being billable could have come a little earlier to make the savings a little easier but now I am not sure we will know what to do with all of the extra money coming into the account. I found out last night that in addition to being billable we will have a per diem which means if I eat on the cheap side each week we can pad our savings with a little extra money or spend it on things for the nursery!
Getting a little annoyed with how easily some people can spend money and just how much money they have to spend. I know that I probably don’t know their entire financial situation but I see people able to spend what they want when they want to and it is aggravating me.
I am not exactly a spend thrift in the first place but with all of these expenses we have had for fertility and now adoption it has made our budget a little tighter so that we can make sure we have everything we need when we need it and won’t have to take out a loan. While I would take out a loan if it was absolutely necessary to complete the adoption I know that if we save and are careful with our money it won’t come to that.
I know that we have taken some awesome vacations in the past but for what we spent they were never the cost of what they should have been due to using miles and points. With this year not being able to afford a full vacation and we couldn’t afford one last year either it just makes me wish we made more money or had less expenses so that we could go on one. In the long run having a baby is better than having a couple vacations though!