Budgeting for adoption

So further on from my backstory, I thought it might be useful to include a bit about budgeting for adoption… no, no, please come back! Or if it really doesn’t get your blood pumping, I’ll post a more interesting post next time! So if you’re still with me, please read on, otherwise see you at the next post…

My beloved and I were trying to work out who was going to be primary carer and how much money to save (if we can!) for adopting a child. Surprisingly, there was hardly any information out there so I turned to the informative and helpful friends at Newfamilysocial forum and got some great answers. This is how we did it (credit all due to the trusty fellows of New Family).

Essentially, you need to start one of those usual budgeting spreadsheets so include all your outgoings and incomings now and work out how much you have left over (if there is any) to save. See what you can reduce in terms of spending and increase in terms of incoming, which seems difficult at the best of times!

Then on seperate worksheets, work out how much you would have in each scenario i.e. if I was the main carer and my beloved was working and vice versa. We also looked at our organisation’s benefits (or lack of in my case) and it soon became apparent that my beloved had a better job than me in terms of salary and adoption leave. However, she would like to be the main carer and for now, that seems appropriate for me too. Which can only mean one thing. I need to find another job.

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4 thoughts on “Budgeting for adoption

  1. Transit Visa February 5, 2013 at 8:51 am

    Thanks for finally writing about >Budgeting for adoption | The Adoptive Marathon <Loved it!

  2. sonicwriter February 17, 2013 at 3:42 pm

    No problem – glad it helped!!

  3. Fresh Talent visa February 25, 2013 at 4:39 am

    What a material of un-ambiguity and preserveness of valuable experience on the topic of unpredicted

  4. sonicwriter February 25, 2013 at 11:13 pm

    Thanks very much!

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