Gay Adoption

10 Tips for Saving for Adoption

For gay men, creating our families can be expensive. Here are some ideas to help you save for your adoption.

There's little argument that having a family in the U.S is expensive. But for gay men, creating a family can be even more complicated and expensive than it is for our straight counterparts. An adoption process can set you back anywhere from $20,000 to $60,000. You might find yourself asking, “How can anyone afford that?" The answer is: The majority of us don't. Those of us that do are forced to find the necessary funds by making savvy financial decisions. Here are some of our suggestions for doing so:

1. Create a Budget (and Stick to it!)

Perhaps the most obvious tip (and we'll break it down further) but don't underestimate the power of saving money where you can. Start paying attention to where your dollars are going – from that morning cup of joe when you're on the run to the bought lunches everyday at work. All of those small purchases add up!

Are you used to eating out regularly? Don't! Cut eating out or date nights to once a month and make it extra special. And extra special doesn't have to mean extra expensive. Think local delicious restaurant, preferably BYOB, and turn your phones off – make it count.

"It is so important to cut any unnecessary spending," shared Edward (not his real name), father of a 1-year-old daughter through adoption. "Keep your goals in sight and plan for the future."

Helpful hint 1: Make your coffee in a to-go cup before you leave the house; take a packed lunch with you to work. Sound simple? That's because it is!

Helpful hint 2: Set aside a change jar and put all your coins in it. At the end of every month, you'll get to hear the sweet sound of "ka-ching" as you put them through the coin machine.

Helpful hint 3: Plan your meals and stick to a grocery budget. Make a list (check it twice) and then don't go off it at the grocery store. Also, use coupons to further cut down on your grocery expenses.

Helpful hint 4: Cut home expenses: Get a less expensive data plan for your mobile phone. Stop wasting electricity. Turn down your A/C. Don't buy the newest phone model. Choose a basic cable package or cut the cord completely and use one online streaming service instead. You probably don't need Amazon Prime Video, HBO, Hulu AND Netflix. I mean, how much free time do you have? Amiright?

"It's crazy how much you can save by not eating out, not going out with friends, couponing and sticking to a grocery list," said Ben, dad of two boys through adoption.

​2. Open a Savings Account (and Put Money in it)

Start getting into the habit of transferring money into a separate (preferably hard to touch) savings account every payday. Figure out how much you can afford to save and transfer it as soon as you can.

"We set up a budget where we saved and automatically deducted money from our paychecks into a savings account," explained Ben.

3. Apply for an Adoption Grant

Did you know that there are nonprofits ready and waiting to help couples and singles create their family through adoption? Well, they really do exist! Check out Helpusadopt.org, an organization that offers up to $15,000 for families regardless of martial status, sexual orientation, race, religion, gender or ethnicity. Grants are awarded three times a year. So what are you waiting for? Fill out your application today!

​4. Refinance your Mortgage

Did you buy a house when the interest rates were higher than they are now? Refinance and pocket the difference into your savings account. The same goes for student loans. Shop around folks, shop around.

5. Save your Tax Refund

Ben and his husband used their tax refund as a starting-off point for their savings. But make sure that you're paying the correct tax rate so you don't get a nasty surprise in April. And the adoption tax credit?

"Tax benefits for adoption include both a tax credit for qualified adoption expenses paid to adopt an eligible child and an exclusion from income for employer-provided adoption assistance. The credit is nonrefundable, which means it's limited to your tax liability for the year. However, any credit in excess of your tax liability may be carried forward for up to five years." – IRS

6. Rent Out a Room (or your Entire House)

If you have a spare room in your home, consider renting it out for a year. Or sign up for AirBnB and play host to vacationers.

​7. Raise Money

From Kickstarter to IndieGoGo to GoFundMe, there are lots of options to put it all out there and ask others for financial donations. Read the Gays With Kids article on crowdfunding.

8. Find your Talent; Get Creative!

We're not all blessed with talents that result in piles of money, but we all have personal interests. These dads turned their passion for renovating and flipping homes into their key ingredient for saving for adoption. Time to start thinking how to turn your skill into a paid resource.

No untapped talent to speak of? Get a second job or try selling some of your things that you no longer need in a yard sale or on Craigslist.

"Get a second job, budget and start living as if you have that child," advised Ben, whose two adoptions cost $71,000 in total. "Children cost money once they get here. Change [your lifestyle] now and save that money!"

9. Check your Employee Benefits

See if your employer provides any financial assistant to families who adopt, and if they don't already, consider speaking with your HR department. For example, active duty military personnel may be eligible for a $2000 reimbursement.

​10. Ask your Relatives

This isn't possible for everyone but for those who can, consider asking your family for help. Relatives often don't realize how much an adoption costs, but once they do, your parents (or grandparents or loaded uncle) might want to help. It could be by way of a low or interest-free loan, or as a gift. This might be your last option, but it's worth giving a go.

"If you are close to your family, think about asking them for help, if it's within their financial means," said Edward whose one adoption cost $36,000.

Bonus: Consider Foster-to-Adopt

Foster-to-adopt can be a totally free option but it can come with its own set of hurdles. Ultimately you have to decide what the best path to fatherhood is for you.

** The path you choose to create your family is a very personal one. Gays With Kids supports you, whatever your particular path to fatherhood. Check out our "Becoming a Gay Dad" section for the different paths, and please keep us posted on your journey! **

For more, read our article Adoption Glossary Terms Every Adoptive Gay Dad Needs to Know."

And read Agency or Independent Adoption: Which Should Gay Dads Choose?"

Don't forget to read our indispensable guide to adoption:Paths to Gay Fatherhood: The Adoptive Dad."

Show Comments ()
Gay Adoption

Adopting in the United States: A Guide for Gay Couples and Singles

Thinking about adopting in the United States? Check out this overview of domestic adoption for gay men.

Thinking about adoption? Gay men have more opportunities and options than ever before, but to be successful it is vital to know your options and understand the landscape of adoptions today.

Keep reading... Show less
Gay Adoption

How Much Does Adoption Cost Gay Dads?

Gays With Kids answers financial questions for gay dads and dads-to-be: How much does an adoption cost?

In the United States, there are two most common types of adoption: independent or private adoption, and agency adoption. Both come with different price tags.

Independent or private adoption is when the birth parents place the child directly with the adoptive parent or parents without an agency or intermediary. Parents who pursue independent adoption must still enlist the help of adoption lawyers and other professionals to help with the process. Three states do not allow independent adoption - Colorado, Connecticut and Delaware.

An agency adoption is more or less what it sounds like: you will select and work with a state-certified adoption agency throughout your entire adoption journey. It is legal in all 50 states.

Keep reading... Show less
Gay Adoption

6 Adoption Tips That Every Prospective Gay Dad Needs to Know

From gay dads who've adopted, here are 6 things you need to consider if you're thinking about adopting.

Gays With Kids surveyed a group of dads who created forever families through adoption to learn what advice they have to offer future adoptive dads. From our conversations, here are the top 6 tips that every prospective gay dad needs to know about adoption.

Keep reading... Show less
Change the World

Breaking with Older Generations,  Most LGBTQ Millenials Say They Want Kids

According to new research by the Family Equality Council, the number of LGBTQ parents is expected to rise dramatically in the coming years

According to the LGBTQ Family Building Survey, recently released by the Family Equality Council, the majority of young LGBTQ say they are interested in becoming parent. This marks a dramatic shift when compared with the attitudes of older generations.

Among the survey's findings:

  • 63% of LGBTQ Millennials (aged 18-35) are considering expanding their families, either becoming parents for the first time, or by having more children
  • 48% of LGBTQ Millennials are actively planning to grow their families, compared to 55% of non-LGBTQ Millennials, a gap that has narrowed significantly in comparison to older generations
  • 63% of LGBTQ people planning families expect to use assisted reproductive technology, foster care, or adoption to become parents, a significant shift away from older generations of LGBTQ parents for whom the majority of children were conceived through intercourse.

Despite the expected increase in LGBTQ parents, most providers, they note, "do not typically receive training about the unique needs of the LGBTQ community; forms and computer systems are not developed with LGBTQ families in mind; insurance policies are rarely created to meet the needs of LGBTQ family building; and discrimination against LGBTQ prospective parents by agencies and providers remains widespread."

The Family Equality Council goes on to recommend that family building providers "from reproductive endocrinologists and obstetricians to neonatal social workers, family law practitioners, and child welfare workers" begin preparing now to welcome future LGBTQ parents.

Read the full report here.

Change the World

Gay Dads More 'Equitable' in Parenting Roles Than Straight Dads, Says New Study

Unmoored by gender roles, gay dads take equal parts in being "playmates, caregivers, protectors, role models, morality guides,

A new study conducted by Éric Feugé from the Université du Québec à Montréal observed 46 families, made up of 92 gay dads and their 46 children over a period of seven years.

The study, which Feugé says is the first of its kind, analyzed the roles gay dads take in raising their kids and found the way they parent is 'very equitable'.

'We learned that gay fathers' sharing of tasks is very equitable,' the researcher told the Montreal Gazette, who added there was a "high degree of engagement" by both gay dads in all types of parental roles. "What's really interesting is that they don't conform to roles of conventional fathers. They were able to redefine and propose new models of cultural notions of paternity and masculinity."

Unmoored by gender roles, gay dads take equal parts in being "playmates, caregivers, protectors, role models, morality guides,' the author said.

Read the full review of the research here.

Change the World

Don't F*ck With This F*g

After a homophobic encounter on the subway, BJ questions what the right response is, in an era of increasing vocal rightwing activists

On February 1, 2019, Frank and I went out on a date night, something we haven't done in a while. Our son was sleeping over at his grandparents for the night and we made plans with our friends to meet them for dinner downtown. We decided to save some money and take the subway into town instead of taking a taxi.

We boarded the subway and sat down opposite a couple, a man and woman. I noticed they looked at us as we boarded the train and began whispering to each other. Frank and I were talking to each other when I heard the man uttering under his breath, "F*$%ing faggots."

Keep reading... Show less
Gay Dad Life

14 Gay Dad Families Show Their Love This Valentine's Day

These pics of gay dads smooching will warm the hearts of even the biggest V-Day skeptics

You might quietly (or loudly) oppose the commercialism and celebration of Valentine's Day, but let's just take a moment and rejoice in these beautiful signs of affection, shared between 14 awesome two-dad families. Cynicism gone? Good.

Happy Valentine's Day, dads! We hope you have a lovely day with your kids, your significant other, and / or friends. Because who doesn't love love!?!

Keep reading... Show less

Fatherhood, the gay way

Get the latest from Gays With Kids delivered to your inbox!

FOLLOW OUR FAMILIES

Follow Gays With Kids

Powered by RebelMouse