Preparing Couples Financially For Fertility and Adoption- understanding financial aspects of adoption/fertility, finding the money, overcoming money road blocks, and learning how to communicate about money during adoption and fertility.
Episodes
Wednesday May 01, 2019
Wednesday May 01, 2019
Join Laura Coleman from Family Money Coaching as she talks with Chelsie from Morgan’s Mighty Macs about her fertility journey and its unexpected and emotional detour into adoption and fostering.
How do you decide on a fundraiser for IVF?
Chelsie talks about how she decided on a fundraiser, even though she’d never made macarons before! Her determination to master the cookies is key to her story to overcoming any obstacle for a baby.
She experimented with flavors and currently offers these airy cookies sandwiched by frosting:
- Death by chocolate
- Apple cinnamon
- S’mores
- Fruity Pebbles
- Mint Chocolate
- Banana Chocolate
- Pistachio
- Caramel Apple
- Banana Foster
- Tequila Sunrise
- Peppermint
- And more!
She offers them through her Facebook page Morgan’s Mighty Macs and also through local bakeries.
What do you do when your whole world is changed by your family members’ decisions?
Chelsie was living a full and busy life. She was working, going to school, and working on her IVF fundraiser in the evenings when she got an unexpected phone call during class one day.
Chelsie learned that her 8 month old half sister had actually been in foster care from birth, and not in the care of the baby’s mother, as she had been led to believe.
Suddenly, Chelsie’s fertility plan became an adoption and fostering plan. She had to prepare for a home study, baby-proof her apartment, and deal with the different money needs that an adoption brings up.
Going with the flow can help you stay positive while you’re on your journey
Chelsie’s describes the emotional rollercoaster of deciding to adopt and the change in her life plan with positivity. The macarons were a hobby for Chelsie, but now they’re a business. She credits her husband’s flexibility and support for making the cookies and adoption possible.
If you’re interested in additional ways to fundraise for IVF or adoption, you can find a great list of resources on our website here.
Monday Apr 08, 2019
Monday Apr 08, 2019
Join Laura Coleman at Family Money Coaching as she interviews Melody Johnson about how to prepare for an international adoption. Melody shares that adopting internationally is a huge financial, emotional, and time investment, but that it is worth it when you hold that child in your
arms.
Creating a Vision for the Adoption Process
Melody explains why she chose the Philippines to adopt from. She explains how important choosing an adoption agency is and what to look for in an international adoption agency.
Melody and Laura discuss key parts of the vision for the adoption process, including:
● What kind of lifestyle you want for your family
● What experiences you want your child to have
● How finances will play a part in your life before, during, and after the adoption process
International Adoption Obstacles
Melody explains some of the adoption obstacles that she didn’t know about, including:
● Misunderstanding the adoption fees and how they’re paid
● What the expectations are for each process
● How important it is to have a good relationship with your agency so that they can explain the fees
● Why it’s important to have a specific fund or account for the adoption
● Why having a timeline will help you know how much needs to be saved and when
Making Your HSA Work For You
Laura and Melody share how saving money in an HSA is important, and why you should start using it BEFORE you adopt.
Strengthening the Marriage Will Pay Dividends
Melody gives some ideas about how she grew closer to her husband in a fun way during the adoption process. She explains why communication styles matter when discussing finances.
Melody shares how she sets aside time every week to discuss finances with her husband and how it’s helped her marriage.
Surprise Income Obstacles
Melody discusses how a job change will affect the adoption home study. Laura and Melody discuss the stress of working while trying to adopt, and how that affects your career.
To create a family vision plan click HERE.
Tuesday Mar 19, 2019
Tuesday Mar 19, 2019
The 5 Love Languages do affect your personal spending and during fertility and adoption, it's key to understand that, in order to strengthen your marriage. Laura Coleman, Financial Coach and Host of Family Money Coaching talks with Devon Baeza, The Fertility Finance Coach, about how the 5 Love Languages affected them during fertility and adoption. Tune in to hear how you can help your spouse/partner, using their love language, during your fertility or adoption process.
Tuesday Mar 05, 2019
Tuesday Mar 05, 2019
Ashley and her husband Josh experienced 2 miscarriages and shortly after were referred to a friend's cousin to adopt a set of twins. This is their story as told by Ashley. Listen for the 5 Ways to Overcome an Adoption Scam at the end.
Thursday Jan 31, 2019
Thursday Jan 31, 2019
When we adopted all 3 of our kids, we had so many questions about the adoption tax credit. In today's episode, I tracked down our accountant, Daniel Peterson, CPA, before his busy season started and I asked him 20 Questions About Adoption. He even gave me some bonus material at the end.
Be sure to SUBSCRIBE, so you don't miss out on future episodes.
Thursday Jan 03, 2019
Thursday Jan 03, 2019
You've saved up the money for fertility, but are you using it to your advantage? In today's podcast Financial Coach, Laura Coleman, discusses how to utilize your Health Savings Account to your advantage during fertility. Learn what you can use the money for, how you can fund your HSA, and the benefits of using your HSA vs FSA. Don't let money leave your hands without first making sure you've used all of your money tricks.
Saturday Dec 22, 2018
Saturday Dec 22, 2018
Guest, Devon Baeza and Host, Laura Coleman discuss the book You Are A Bad*** At Making Money by Jen Sincero. How can our thoughts, money stories, and a Money Journal help us reach our financial goal for preparing for adoption and fertility? Finally, learn how to pronounce Devon's last name.
Monday Dec 10, 2018
Monday Dec 10, 2018
Adopting and going through fertility is stressful enough and then we add the money equation to the mix. Studies show that the wounds from money-related arguments can feel more painful than other types of arguments. Join Family Money Coaching as we teach you the 5 Techniques for Better Money Conversations from the Love & Money curriculum. Be sure to subscribe, so you don't miss out on the other 4 lessons.
Monday Dec 03, 2018
Monday Dec 03, 2018
When you are told you are going to need $20,000 for fertility or adoption, the first response is, where are we going to get that money? For many, your 401(k) is your biggest asset. Before you raid your 401(k) to pay for adoption and/or fertility, listen to this podcast interview as Financial Coach, Laura Coleman discusses what to consider such as opportunity costs, taxes, our different money pots, and future values.
Wednesday Nov 28, 2018
Wednesday Nov 28, 2018
Did you know that your Money Personality affects your decision about whether to do IVF, IUI, natural cycle IVF, or not to do fertility at all? Listen to the raw and real conversation about how a Saver and Spender made their decisions during the fertility process.