 TITLE: How to Financially Prepare for Children CONTENT: Know the Costs of Pregnancy or Adoption\n---------------------------------------\nEven before you budget for raising a child, consider the expenses of bringing that new life into your world.\nThe costs of traditional pregnancy may surprise you: Prenatal care and pregnancy expenses can add up quickly, and the birth itself can cost an average of $4,600 out of pocket, even with employer-sponsored insurance.\n**Price range for pregnancy**: Between $9,000 and $250,000. If you utilize in vitro fertilization (IVF) or other fertility treatments for your pregnancy goals, you can assume an additional $8,000 to $30,000\nIf you plan to adopt your new family member, you may be responsible for the pregnancy costs along with additional, adoption-specific fees, like home inspections. Private adoption agencies in the U.S. can be pricey, and international adoption rates can be similarly expensive. On the other hand, an independent adoption or adopting from foster care could cost significantly less.\n**Price range for adopting**: $0 to $50,000\nAdoption may be part of your price tag, even when working with a surrogate. Depending on your state, parents may have to adopt from their surrogate; non-biological partners in same-sex unions may also need to adopt to establish official parentage in the eyes of the law. For surrogacy, factor potential adoption and attorney costs into your budget, as well as fertility medications, IVF and medical expenses for carrying and delivering. Your lawyer will create a contract covering the surrogate's compensation, including how you'll provide for any complications.\n**Price range for surrogacy**: $100,000 to $300,000 END