Money Talk With Slater

Making Money Across the Board

Monthly archives "March 2020"

The Cost of Living Abroad (Part I)

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Living abroad has many expenses. So, it’s important to have a savings fund to ensure you live comfortably. 

Deciding where to live as an ex-pat can be a complex process, particularly when you don’t have a real understanding of how costs will be different in your new potential home. There are numerous guides regarding the costs of international living that will help you know prices and help you discover the right place to call your next home.

The ones who provide the research work diligently to offer some expert insight into the various costs of living in different countries and cities around the globe. One of the most critical things to think about when moving to a new country is the cost of living abroad. From food to rent to transportation, costs for essential items differ significantly from country to country. 

Living overseas, if just for a short time, can be a life-altering experience. But before you pack your bags and go thousands of miles away, you have to think about how living abroad will affect your wallet. Before you go, be sure you do your research, so you know precisely what to expect. Understand how much living abroad costs and decide what you need to do to afford it.

Why is the Cost of Living Crucial?

Living in a new country is exciting. However, it can also be challenging if you don’t have enough money to keep yourself comfortable. Be sure that the income you’ll be making will be sufficient. Regardless if you want to live a life of luxury or a modest life, it’s critical to have enough money to afford the quality of life you desire. If you are not going to work abroad or you are worried about earning enough, safeguard yourself by having lots of savings in your bank account. Possessing disposable income could be the difference between just getting by and completely enjoying your new town.

The Amount of Money Required for Adoption (Part III)

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Any unused money from the adoption will go back to the family.


Many adoptive families get a refund from their adoption, going from a few hundred dollars to a few thousand dollars. American Adoptions always trains families financially for the worst-case scenario by getting medical expenses to cover any co-pays, retainers, or out-of-pocket medical expenses not covered by Medicaid or other insurances. Once the adoption is completed and all final billing is done, unused money for medical expenses is given right back to the adoptive family.

Adoption Disruption Insurance/No Rollover Policy

Numerous families never have an adoption disruption. However, it can occur. It’s something you have to think about, particularly when asking how much adoption costs in the U.S. An adoption disruption can happen late in the process after you have already put a huge financial investment into the adoption. What occurs to any of those costs that have previously been covered?

A good number of adoption professionals can’t offer any type of adoption disruption insurance, and the ones that do typically use a “rollover” process. This means your lost money will be used in a future adoption situation. So, what are the disadvantages of this sort of policy?

You and your money are stuck with the adoption professional in the likelihood that you will get another adoption opportunity, which is not guaranteed.

If you locate an adoption opportunity with another adoption professional, you are unable to pursue it with the money you’ve already invested.

If the adoption professional goes out of business, your money is gone.

If you would like to step away from adoption to treat the emotional loss of adoption disruption, your money remains with the adoption specialist.

If you are worried about how much it costs to adopt a baby, remember that you partner with your adoption specialist to set your highest adoption budget and will be presented adoption situations that fall within or under your budget based on the total estimated cost of the adoption.