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Archive for Adoption expenses

How to Afford Adoption with a LightStream Adoption Loan

You CAN afford adoption with a LightStream adoption loan!At the Lifetime adoption agency in Florida, we don’t want a lack of finances to stand in the way of you being able to adopt. The cost to adopt can be an obstacle for many people. Fortunately, there is a unique adoption loan available to help families pay the fees connected to adopting.

A LightStream adoption loan makes it possible for you to expand or begin your family through adoption. You don’t need to be working with our adoption agency in Florida to apply for LightStream’s loan. Any hopeful adoptive family can take advantage of this financial assistance.

You’re able to use LightStream’s flexible “AnythingLoan” to pay for anything relating to your adoption process. For example, you might use it to pay adoption professionals, for adoption travel, to cover the costs to print adoption profiles, or even furnishing your future baby’s nursery.

LightStream’s loan creates an affordable answer for those hoping to adopt. Here’s some info about LightStream’s Adoption Loan:

  • Loan amounts begin at $5,000
  • You’re able to get a loan for up to $100,000
  • Fixed interest rates as low as 5.49% APR with AutoPay
  • This is an unsecured loan (meaning, you don’t need to put up your house or another valuable asset as collateral)
  • The loan process is simple and completely online, from your application to funding
  • Repayment terms up to 84 months
  • No late fees
  • No loan origination fee
  • If you pay off your loan early, LightStream will not charge you any additional fees

Visit LightStream.com/Lifetime-Adoption to apply for a LightStream Adoption Loan.

So that you get a low-interest rate, LightStream has a “rate beat” program. They will beat an interest rate (APR) from any other lender by .10 percentage points. The other lender’s rate needs to meet the terms and conditions as described here. Wondering about their “rate beat” program and what makes LightStream different from other lenders? Check out this short video.

Here what others have said about LightStream’s Adoption Loan:

“They have an unbelievable interest rate! We applied and were approved within 24 hours.”

“We got approved for our adoption loan with LightStream today, and the funds should be in our account by tomorrow!”

“The loan we received through LightStream was fantastic. Best experience I’ve ever had. Fast, quick, easy. I couldn’t say enough or tell enough people about it. I was amazed how simple it was.”

To get more information and apply, visit LightStream.com.

Want Guidance from an Expert on the Adoption Tax Credit?

Sign up for our adoption tax credit webinar here!As you research adoption loans, grants, and other financing options, you’ve probably read about the Adoption Tax Credit. We’ve heard many adoptive couples say that this credit is difficult for them to understand how they might apply it to their taxes.

We’ll be hosting an information-packed webinar covering the Adoption Tax Credit. We’ll be joined by special guest Becky Wilmoth. Wilmoth is a well-known tax expert and an EA (Enrolled Agent) with Bill’s Tax Service in Centralia, Illinois.

Wilmoth is both an Adoption Tax Credit Specialist® and a licensed tax professional. As an Enrolled Agent (EA), Wilmoth prepares taxes, advises clients, and is a federally licensed tax professional. As a federally licensed tax professional, she has unrestricted rights to represent taxpayers before the IRS.

The Adoption Tax Credit has recently been covered in the national news. U.S. Senators Bob Casey of Pennsylvania and Roy Blunt of Missouri have re-introduced the Adoption Tax Credit Refundability Act. This act makes the current adoption tax credit fully refundable! You can discover more about this story and the Adoption Tax Credit Refundability Act at www.Senate.gov.

You can register for our Adoption Tax Credit webinar by clicking this link. This webinar was rescheduled. However, you may still register to attend and then you will be the first to know when the new date is confirmed.

Here’s the link to register for this informative webinar on the Adoption Tax Credit:
https://attendee.gotowebinar.com/register/5117208859587965954.

You’re able to join in on Lifetime’s tax credit webinar on your computer, over the phone, or via GoToWebinar’s app from your smartphone. After you register, we’ll email you instructions so that you can tune in live.

No matter where you are in of your adoption journey, we know you’ll benefit gaining knowledge about the Adoption Tax Credit!

A Fun Money-Saving Tip for Your Adoption Budget

save money for your adoption budget with this fun tip!Are you preparing to have professional photos taken for your adoption profile? Or maybe you’ve set an in-person meeting with your home study provider and want to look presentable. Looking good and saving money on a manicure is possible with this simple tip. It’ll help you feel confident, while at the same time save money for your adoption budget.

Lots of women find that at-home manicures are tricky. Do you end up with polish on your skin when you’re done? Make your DIY manicure easier and less messy by applying Elmer’s glue. It’ll catch the extra polish and remove it from your skin once your polish dries. When you’re done, your skin will remain polish-free and your nails will look flawless!

Here are the supplies you’ll need: an old makeup brush, Elmer’s glue, a cuticle stick, and nail polish. Select a makeup brush you don’t mind ruining, or get one at the dollar store. This tip is really useful when you’re applying nail polish with your non-dominant hand since painting is usually trickier on that side.

Here are the 4 simple steps to your flawless DIY manicure:

1. Get out that old makeup brush and use it to spread glue on your finger, onto your skin around each nail. Make sure to apply just a thin layer. Otherwise, it’ll take forever to dry.

2. Polish your nails with the color you’ve selected.

3. After your polish has dried, use your cuticle stick to begin peeling off the glue. As you peel the glue off, you’ll be removing the extra polish layer on top of it, too. Once you begin peeling with the cuticle stick, you can just pull the rest off using your fingers.

4. Use your cuticle stick to skim away any of the remaining dried glue from your skin.

Avoid Using These 3 Things to Afford Adoption

Don't use these 3 things to afford adoption!Many hopeful adoptive couples have found that they need to allocate more funds to go through the process. Domestic adoption does come with the potential of a high price tag since there are so many people working on your behalf. Money may be standing in the way for you to realize your dream of adoption. Today, we’re sharing about a few financial tools that you should avoid using to afford adoption. If you do, your long-term financial profile and your family will be negatively affected.

Here are 3 financial resources that you should avoid using to fund your family’s adoption:

1. Mortgage or Rent
Using your mortgage or rent payment towards an adoption is a risky financial idea. After all, if you’re adopting, you’ll need a place to live! You’ll need to create and cultivate a home environment that is stable and secure. You could end up losing a lot more than you ever imagined when you start using the money that should be going towards your house.

2. Payday Loan
Using a “payday loan” allows you to get your full paycheck in before your actual pay date. This might sound like a great financial tool, especially if you’re in a rush to adopt. However, since you’re already are low on money, the odds are you have little to no reserves if you’re even considering this. You’re likely to fall into debt once you start using this type of loan. This is because payday loans come with very high interest rates and you can almost never “catch up”. Living paycheck-to-paycheck is not a great start for your new family.

3. Title Loan
Giving away the title to your car is one of the most financially risky plans to follow. You need your car to get from point A to point B. Without a car, it may be almost impossible for you to get to work. If you have one missed payment, you might end up losing your car. It can put an emotional strain on you, in knowing that the car isn’t really “yours.” It’s totally not worth it! Your future child shouldn’t be brought into a situation where their adoptive parents are so financially burdened. The stress of all this will seep into other areas of your life and even to your child.

As adoptive parents, you have the responsibility to give your child the best imaginable start with your family. Your arms might be aching for a child, but you don’t want to bring one into your life at a time of financial stress. Once you have a better idea how much money you’ll need to fund the adoption, try more positive ways to raise funds. Visit Lifetime’s link about Financing Your Adoption to get ideas on how to afford adoption.

How to Afford Adoption by Bring Thrifty

Adoptive couple budgeting to afford adoption Many adoptive parents have asked us, “I’ve heard adoption is expensive. How can we afford adoption?”

Here are few creative ideas on how you can adjust your budget in order to afford adoption:
 
• Create a household budget based on your regular salary. Then, try to work overtime and/or take a second job. Use put money you make working overtime and/or moonlighting into your adoption savings.

• Stop getting coffee from Starbucks and coffee shops, and make your own coffee at home

• Skip going on vacation for a year

• Make meals at home instead of dining out

• Instead of birthday gifts for your spouse, put that money towards your adoption. Ask that family members and close friends do the same, instead of buying you gifts

• Furnish your nursery with hand-me-downs and like-new items from consignment baby stores

• Weatherproof your windows to save money on heating and AC

• Sell things around your home that you don’t ever use. For example, we heard of one adoptive mother selling their grand piano, which was never played and only used as a decorative piece. She made $10,000 to use towards their adoption!

• If you plan to take a year or so off work to be a stay-at-home mother, start acting like a one-income household. Then, put all of the money you make while waiting to adopt into savings.
 
We hope that you’re able to put some of these ideas into action so that you can bring home your baby through adoption! Please share with us any budgeting tips that worked for you by posting a comment below.

Creative Adoption Fundraiser Craft

Christmas ornament adoption fundraiserMany waiting adoptive have successfully used the “Envelope Fundraiser” to fund their adoptions. It’s pretty easy and can lead to lots of money raised. With the Envelope Fundraiser, you set a certain amount of envelopes to offer (100 to 200) and write numbers on each, starting with #1. You can either show them in a public place like your church’s lobby or do an online version.

Inside each envelope, put simple instructions and small note about your family’s adoption. When someone selects an envelope, they puts that dollar amount in and return the envelope to you. For example if they choose envelope #25, they donate $25. You can make lots with this adoption fundraiser…100 envelopes bought would raise $5,050!

If you’re doing this online, stick your envelopes up on a wall in your house. Snap a pic where you people can easily see all the envelope numbers. Post this photo to your Instagram, Facebook, Twitter, etc. and update it people take an envelope.

Now here’s how to do this fundraiser with a festive Christmas theme: craft up some ornaments and number them. People will be “buying” different ornaments from your Christmas tree for your adoption fundraiser. If you’re a crafty person, you can try searching in Pinterest for “handmade Christmas ornaments.” Or, you could simply purchase ornaments that you can write numbers on.

How Can We Afford to Adopt?


Once you have decided to follow through on your dreams of domestic adoption, you may be wondering how you can possibly afford it. You are not alone; couples nationwide who are dreaming of adopting a baby or child have expressed the same worry.
The good news is that there is help for almost all families. Check out this great online resource on Lifetime Adoption’s website… there is a page there dedicated to options about financing your adoption: http://lifetimeadoption.com/adoptive-families/financing-your-adoption/
Contact us to explore the options that could open up possibilities for your family’s future through adoption: call 1-877-221-3934 or email us.