We are often asked by friends (and by strangers) how we afford adoption. This adoption is more of a stretch for us financially. Unlike our previous adoption, we were not planning for it and had not set money aside for it. We considered moving to a slightly larger house last spring, but ended up deciding against listing our house for sale. In hindsight, I believe God was preparing us for this adoption. If we had moved into the larger house, it would have made it difficult to pay for this adoption. Our finances would have been maxed out trying to pay for the new house.
So, how are we paying for this adoption? The federal adoption tax credit has been extended through 2011, and it amounts to about $13,000. My husband’s employer offers $4,000 in adoption benefits, once the adoption is completed. That adds up to a good chunk of our expenses. Of course, we don’t have that money now, so to help pay for some of our expenses we are using our equity line when needed. We are still due a tax refund from our previous adoption, so we will apply that to our current expenses when we receive it. When you evaluate the cost of an adoption vs. benefits and credits available, it definitely becomes more doable.
When it comes right down to it, whose money is it anyway? God has called us to adopt, and He will provide for our needs. We try to be good stewards of all that He has given us. I sometimes consider how I would spend money if we did not adopt. It is easy to covet what others have, when I should be counting the blessings God has given me and my family.
“Do not store up for yourselves treasures on earth, where moth and rust destroy, and where thieves break in and steal. But store up for yourselves treasures in heaven, where moth and rust do not destroy, and where thieves do not break in and steal. For where your treasure is, there your heart will be also.” – Matthew 6:19-21
We are grateful God has given us another opportunity to grow our family through adoption. We have been blessed beyond anything we imagined with our first adoption, and we are trusting in God’s provision and his promise of what is to come in heaven.