{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Episode 44 - Adoption & Finances: How To Prepare Successfully","description":"Adoption can be an emotionally and financially-taxing experience. If you\u2019re considering adoption, then Laura Coleman is your expert. She has both personal experience and also a business helping others prepare for adoption. Listen in for (1) Laura\u2019s story, which might make you question your assumptions, and (2) everything else you need to know about adoption! Some pointers: - Prior to adoption, identify what type of adoption you want. Then, you can research and discover the vehicle that will get you there. As an example, let\u2019s say you\u2019d prefer a domestic adoption. Then, you can find an appropriate agency and see how much it costs. From there, you can build your funding plan. Laura even helps people build and create multiple sources of income to make this dream come true! - There are many ways to raise money toward funding an adoption or fertility journey. Some ideas include grants, fundraising, borrowing, and side hustles AKA additional income streams. Laura\u2019s Preparing Financially For Adoption Course helps walk you through the entire process.  Stay until the end to hear how $30k got Laura nowhere, but $2,700 led to adopting 3 children! A few highlights:  - Couples often fight about money, but an adoption or fertility journey adds an entire layer to that. Her best advice to maintain your relationship? Have a \u201cdate night\u201d fund and commit that focused 1:1 time. This will help you grow toward each other, even during the most emotional or tumultuous times. [11:40] - If you have a high-deductible medical insurance plan, you\u2019re eligible for a Health Savings Account (HSA). This is a great place to stuff savings in preparation for your future adopted child\u2019s potential unknown medical needs. [15:55] - The general assumption is that adoptions are expensive. This is in part due to that there may be some physical or medical needs that come with an adopted child. However, there is help out there! For example: tax credits; Medicaid; and other ways to structure your finances so that you can maximize the utility of any benefits offered to you.  [16:40] Connect with Laura, get some freebies, and find out more HERE! ------------- How healthy is your relationship with money & your honey? Find out HERE! And for more money & relationships resources from your host, Adam Kol, visit: https:\/\/CouplesFinancialCoach.com Note: This podcast was formerly known as The Equal Partners Podcast. ","author_name":"Couples Financial Coach Podcast","author_url":"https:\/\/CouplesFinancialCoach.com\/","html":"