Earlier this year, my wife and I started getting serious about the adoption process. My first question was, “How long will the adoption process take?” As a financial advisor, my next question was, “What are the associated costs?”
Each family’s cost will vary depending on their adoption path (international, domestic newborn, or Ministry of Children and Family Development). No matter which path you take, there will be some costs. The reality of children, and adoption, is that the costs associated with the process are only a small portion of the total funds needed to raise a child.