Friday, June 12, 2009

Adoption Debt - PAID IN FULL!

When we first decided to adopt we thought we would end up spending around $20,000. We thought we could at least come up with most of that money. Then we decided to adopt 2 at a time and really didn't know how we'd pay all the costs. Now it's approximately 2 years since we initially started the adoption process and our expenses end up at about $80,000 (considerably over a year's income for us). And we just finished paying it all off! We pretty well paid-as-we-went until the last $11,000 which we had to borrow. We were given about 10-12% in gifts and Jason's Dad generously gave us an interest free loan for the last $11,000. The rest we paid out of our pockets. We drained all our savings accounts, cashed out Shannon's retirement, used about half of the equity from our home sell in Abilene, sold Jason's sports car, and put most of our extra money over the last 2 years into it. Needless to say we feel relieved and excited to have it all paid in full. :) A huge thank you goes out to all those who financially helped us bring Hannah Faith and Noah John into our family!

5 comments:

Holly said...

So very happy for ya'll! Congrats!

Alissa said...

that's awesome!!! what a testimony to God's abundant blessing on your family! He is good!!!

Giles Family said...

Amazing!!! Paying the expense off must be exhilarating! :)

Stacey said...

Wow! That's awesome that your debt is paid in full! And I thought Matthew was costly with a $2500 birth center fee. Yikes!

TNKerry said...

Wow!!! Good for you. I'd love to be able to say that. Maybe one day soon... :)