Should I Adopt When I am in Debt?

When my wife and I were first married we were completely debt free aside from our mortgages. It was the best times. No credit card debt, no credit card companies or collection agencies calling, and our emergency fund, investments, and retirement accounts were significantly funded.

About six months after we were married we decided to start our family. Right out of the shoot we were pregnant, but seven weeks later we suffered a miscarriage. After months and months of trying again (no complaints there) nothing happened. We went to a fertility specialist and discovered we were going to have issues conceiving. Our best chance was to try IUI and/or IVF.

IUI (Intrauterine Insemination), is a realtively simple infertility treatment, where a small tube is used to place specially washed sperm directly into the uterus.

IVF (In vitro fertilization), is far and away the most common of the high-tech fertiltiy treatments, accounting for more than 99 percent of all assisted reproductive technology procedures. About 48,000 IVF babies are born each year in the United States.

Problem is these procedures are expensive. Unfortunately, only 15 states have mandated insurance for infertility procedures. The fifteen states are:

1. Arkansas
2. California
3. Connecticut
4. Hawaii
5. Illinois
6. Louisiana
7. Maryland
8. Massachusetts
9. Montana
10. New Jersey
11. New York
12. Ohio
13. Rhode island
14. Texas
15. West Virginia

We so badly wanted to continue our quest to bring us a baby and  we were willing to take on the expense of infertility. This quest unfortunately became part of our financial troubles. Eventually through several turn of events our insurance began to cover several of our infertility procedures. First off we were able to do three additional IUI procedures covered by our insurance. But they didn't work. The following year our insurance situation changed again and our insurance covered two more IFV procedures.  Those ended just like the others, but the last one we did actually get pregnant. Although, that one ended just like the first. We had come full circle, but we began to think. "Were we not meant to have children?"

After our final round of dismal results, our insurance was maxed out, the economic crisis killed our investments, our savings was depleted, and our credit cards were at their limits and we were out of hope.

Suddenly the option of adoption came to mind and we began to look into to it. Amazingly, the state was about to begin there next round of foster/adoptive parent training and we jumped on the band wagon. After three months of class, background checks, home studies, and references we were licensed to be parents.

We now have a beautiful little girl in our home that we are hoping to adopt. So far this is the best thing I've done in my life. Children are a blessing and being a parent is one of the best experiences I have had. I do think it is best to pay cash for everything and I don't encourage to go into debt like we did. But the Lord may bless you with a child as he did for us without having to borrow money. You may want children, but you don't want the stress of debt along with it. Have patience. I know God will provide you the opportunity to be parents just like us.

[This post is written and copyrighted by Financial Elite (http://financialelite.blogspot.com/ ).]

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