11.06.07
Children’s Expenses
Did you know that the first year of a child’s life costs an estimated $10,000? Children can add joy to life, but can also increase your expenses. Even more taxing is when couples must seek alternative ways to conceive and add a child to their family because of infertility problems.
Infertility treatments with advanced technology can overcome about 90% of infertility problems, although it can take multiple treatments for success. This option can help couples have a child biologically related to them, unlike adoption. It can also help women experience pregnancy. It may be faster than newborn adoption, although the downside of infertility services is that they are more expensive, ranging from about $10,000 to over $100,000.
Adoption is another option for infertile couples to become parents and for all couples to take a needy child into their family. Adoption is less expensive than infertility treatments, and costs an average of $5,000 to $30,000. Typically, foster care adoptions and domestic newborn adoptions cost less than international adoptions. The time wait on adoptions varies greatly depending on the type of adoption.
Generally, since infertility treatments and adoptions can be expensive, couples tend to have a higher income level and are slightly older than parents with biological children.
In either option, these couples desire to have children very much, thus qualifying them as caring parents for a child who needs them.