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So I am having to fill out the financial statement for the agency we have selected SAFY... We can only base our income off my husband as I do not work, I am a stay at home mom. I am getting a little worried that we may be denied because of income... At the end of the month we will have about $500 left over... Plus we have about $3,000 in savings.... at what point do they decide that we do not make enough to adopt?! We really want a little girl, and I buy as cheap as possible! We do not buy clothes every month as we have a big shopping spree on clothes twice a year (well big shopping spree for the kids, hubby and I tend to wear what we have)... Somebody please help reassure me or at least be 100% with me!
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It doesn't sound like your finances will be a problem. Mine were about the same when I started, I am a single mom.
It was just suggested to me that I would have a plan as to how I would support the child(ren) that come into home. Where I would shop, how it would effect my work and income (and it did, greatly). You should get a stipend while they are foster children, don't count on it continuing after adoption as a guarantee.
Before I was placed with my AD I had scouted out all the second-hand/consignment shops so that I would know where to go if I needed things quickly (besides there is a Target and a Wal-Mart very close by). Once I was licensed I was all set for a toddler on up... but when I got a call for a two day old I needed all kinds of things
Being a stay at home mom is a great thing and should be seen as a great advantage as the children in care have a lot of appointments, visits, there are court dates, etc which you would be able to attend
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Thanks sooo much! I do shop at like Goodwill and thrift shops for things for a little girl, thats what we are wanting to adopt, and got most things for her... I totally forgot about a couple of items that hubby reminded me of and we are now less than that! but still around $3,000 in the bank! so hopefully things will pan out! Praying!
As long as you can support another child I would not worry. We get a very nice stipend for foster kids, so I put 3/4s of it back each month for our STBAS for his future needs and college. Little ones do not cost much, so it is easy to do this.
We were told that huge debt was the biggest deterrent, because it shows that the current income cannot take care of the current kids, so as long as you do not have crazy high credit card debt I would try not to worry.
One great thing about you being at home is that the agency knows there is more earning potential if the need arises, because you can get a job. We are in the same position with me at home, but I could easily bring home a nice salary if we needed it. Seriously, do not worry. :)