If you are in the midst of going through fertility treatments, you might see your bank account rapidly depleting. Even with health insurance coverage, fertility treatments can be expensive. Have you decided when to stop investing money in the dream of conceiving a child?
Many couples who are going through fertility procedures do not want to think about stopping. They keep hoping that this month will be the one in which they conceive, and then they can put this nightmare chapter of their lives behind them. While this does happen for some lucky couples, others will eventually have to decide when to stop investing money in this venture.
Some couples only stop paying for fertility treatments when they run out of money. The problem with this strategy is that your options become very limited at that point. I have heard couples lament that they would like to pursue an adoption, but they already spent their entire savings on fertility procedures and now cannot afford to adopt. Adoption is very expensive. The cost is typically in the low five-figures if you want to adopt a healthy newborn baby, although adopting out of foster care is free. If you do not set aside some money for an adoption, then you might be out of alternatives if you never conceive through fertility treatments.
Even if you are not wanting to consider adoption at this point in your journey to parenthood, you owe it to yourself to keep your options open. If you spend every last penny on fertility treatments or, even worse, go neck-deep into debt to pay for the procedures, you could wind up with no baby and a heck of a lot of debt to pay off.
It can be hard to think logically when you are fighting your biological clock. I have been there, and I remember all too well how strong the drive was to become a parent. I had an “ain’t no mountain high enough” kind of mentality. However, even the strongest will cannot guarantee a pregnancy (it didn’t for me), so I caution you against putting all of your eggs in the fertility treatment basket. Set aside some funds for other options just in case you need them.
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How to Set Boundaries in Fertility Procedures
Photo Credit: Lynda Bernhardt
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