I like the idea of financial independence, and if I'd had my way, we would have started our family once we had college fully funded for each child. Plus, a healthy emergency fund, a do-I-want-to-be-a-working-mom-or-not fund, and a minivan fund.
But I didn't want to be 80 years old at my children's high school graduations either.
Ironically, as it turns out, we decided to build our family through international adoption, a notoriously expensive way to build a family. The expense, I'm ashamed to say, is one of the main reasons why I resisted adoption for years.When we reviewed our first packet of information, the fees ranged from $18,000 to a jaw-dropping $60,000. Gulp. Not only did we not have any of the funds above (well, except for an emergency fund with three months of living expenses), we didn't have any money saved up for our adoption when we formally started the process in May of 2011.
- raised deductibles
- shopped around for insurance
- slashed our vacation budget
- bought second-hand clothes or wore the ones we had
- cut our landline to the bare minimum
- halted all projects on our fixer-upper