Any advice on funding?

[CurlySu717]

Hi friends!  Any advice on funding for private adoption, if we go that route?  I know about the tax credit but my understanding is that you still have to come up with the cash up front.  

Neither my employer nor my husband's offer assistance.  We probably make too much to qualify for any grants but it might be worth looking into, at least.  Due to our income level, DH doesn't want to set up a GoFundMe or anything that blatantly asks for money.

I have also considered taking on extra work, like maybe teaching knitting classes or taking on commissioned knitting projects, or getting into something like one of those home-based sales party things everyone's doing on Facebook.  I'm not naturally big on using my Facebook page to pressure my friends into buying stuff, but if I was doing it to raise money for an adoption, then maybe it'd be more palatable to everyone (myself included).  

As usual, open to all suggestions!  

[cst2cst]

You still have to come up with the initial funds, but if you spend money this year, you can claim the tax credit when you file your taxes and then put the credit money back into the adoption process. In order to qualify you have to have spent the money on qualifying expenses but you don't have to be matched or have a child placed with you. So, you can take your credit and put it towards more expenses instead of fronting all of it and getting paid back.

[pinkie]

My experience probably isn't helpful but I wanted to reply. We saved and used savings to fund our adoptions. We knew we would get money back from the credit. Maybe consider taking a loan from a relative, knowing you can pay them back after receiving the credit.

I would consider selling, a garage sale, if you are crafty you could open an Etsy shop.

Good luck

[CurlySu717]

Thanks, pinkie! We are looking at our savings, too, but it can take awhile to save that much money, and infertility has already put us way behind on our family-building schedule (not to mention the chunk it took out of our savings).