Becoming a foster parent means providing a child in need with a welcoming and secure home. An open heart and a loving home are just the beginning of what is required to be a foster parent. Someone who wants to open their life and home to a foster child needs to be financially prepared. While states provide some financial assistance to foster parents, it is not enough to cover all of the expenses involved with raising a child, even for a short amount of time.
Learn more about financial considerations of becoming a foster parent, how to prepare a home for foster children and find the right home insurance, what to expect from government assistance programs and financial planning tips for foster parents.