Giving birth through surrogacy is a special path to parenthood that requires you to be determined and thoroughly prepared emotionally and financially. Every detail of the process is important, starting by choosing the right program and ending by long-term planning for your child's future. The financial aspect often seems to be the most difficult, but by planning wisely, your stress can be greatly reduced.
At the same time, it seems surprising that even things that seem to have nothing to do with parenthood, such as apps to identify coins by picture, can also make a difference and help future parents prepare for an important and responsible step. How exactly? Well, let us take everything in order and explain for you some things you need to know in more detail below.
Before you plan for costs, it is important to understand that the surrogacy process involves many steps, each of which requires an investment.
Sample cost items:
Object of Expenses | Estimated Value, USD | Comments |
Medical services | $20,000–$50,000 | Includes in vitro fertilization (IVF), tests and monitoring. |
Compensation to the surrogate mother | $25,000–$40,000 | Compensation varies by country and contract. |
Legal support | $5,000–$15,000 | Contracts regulating the rights and obligations of the parties are required. |
Accommodation and related expenses | $10,000–$20,000 | If the process takes place abroad, housing and transportation costs are added. |
The actual cost of the program may be higher or lower depending on the country, clinic and individual circumstances. For example, India, due to its experience in medical tourism, provides more affordable options for surrogacy programs. However, it is important to keep in mind that the quality of services should be a priority.
Additional tips: Try to look for all-inclusive options. Some clinics offer packages that cover medical procedures, legal assistance, and even surrogate compensation. This can be cheaper than paying for each step separately. Moreover, if the procedure is done abroad, think in advance about ways to save money on conversion (open a local currency account to avoid crazy commissions) and transportation costs (travel economy if possible).
A financial plan is the foundation of success in any business. For surrogacy, it is especially important because every little detail counts, and proper planning can help you avoid stress, unexpected expenses and financial difficulties. So, the basic points you should rely on you will find below.
Make a comprehensive list of expenses
Start with a detailed analysis of all possible expenses. Break them down into mandatory (medical procedures, surrogate compensation, legal support) and optional (such as transportation costs or living in another country). Make sure that your list includes even the smallest items such as blood tests, hormones or translations of documents.
Prioritize your expenses
Not all expenses are equally important at every stage. If your budget is limited, start with those investments that impact the success of the program. For example, the medical part, such as IVF or tests, should be the first priority. Afterwards, you can allocate the remaining funds to less critical items, i.e. comfortable accommodation or additional agency services.
Create a backup fund
It is not always possible to predict all expenses. For this purpose, it is important to allocate a reserve fund in advance, at least 10-15% of the total amount. These funds can be used in case of unforeseen situations, such as additional medical procedures, replacement of the surrogate mother or extension of the contract with the clinic.
Fact: Statistics show that more than 25% of families face unplanned expenses during the surrogacy process. It is wise to keep the surrogacy fund in a separate account so that you don't accidentally spend it on other needs.
For your ease and convenience, you can create a spreadsheet in Excel or Google Spreadsheets with columns for planned and actual expenses. Use color coding in the table: red for mandatory expenses, yellow for those that can be revised.
Surrogacy is a significant financial investment that may not always be covered by available funds. That is why it is important to think about where you'll draw your resources from and choose the best sources of funding to minimize your risk and debt load. So, let us take a look at the options in the table below.
Source | Description | Tips and Life Hacks |
Personal savings | The safest way to eliminate debt load. | - Set aside 5-10% of your income every month. |
Credits and loans | Bank or loan programs to cover expenses. | - Compare terms at different banks. - Consider credit unions with favorable terms. - Check for special loans for medical purposes. |
Assistance programs | Government and non-government funds to offset some of the costs. | - Research available programs in your country and internationally. - Prepare documents in advance to apply for grants. |
Don't think that getting your finances in order during the planning, fertilization and baby stage is all you need to know about. Once your baby is born, it's important to think about his or her future. This is where long-term savings can be an option.
You can set aside small amounts regularly to build up capital that will come in handy for your child after adulthood. But, unfortunately, any life is full of surprises, and such concepts as inflation and crisis can reduce the purchasing power of the amount you have been saving so hard. So a great solution is to invest your money in something that will only increase in value over the years, e.g., investing in collectible coins.
Why are coins profitable?
Steady increase in value. Rare coins only increase in value over the years.
Affordability. You can start collecting with a small budget and then gradually expand your collection.
Cultural value. Many coins are symbols of historical events or national pride.
Tip: If you are in doubt about where to begin, you can start looking for interesting and valuable options issued in the year of your child's birth. Such coins will become a good investment and a memory for a lifetime. Moreover, this is where the ID apps and technology will come to your rescue. The Coin ID Scanner application will help you easily identify a coin by its photo, find out its value and even estimate its rarity. What is more, the application enables you to save information about your collection and monitor changes in its value. With it, your investments will be simple, clear and reliable.
Surrogacy is not just a financial challenge, but a chance to fulfill the dream of having a family. Yes, the journey takes planning and effort, but every coin, every little thing put into the process becomes an investment in a future full of love and joy. Be brave, creative and resourceful - after all, you are building not only a financial foundation, but also the most valuable project of your life!
