I have not kept complete records of the money we have spent on foster care or the money we receive from our agency every month; but I do keep track of our family expenses on my computer so I can pull up a report of how our budget looks (as long as I've been good about categorizing our expenses and incomes).
After having Primo for over 7 months we were pretty close to breaking even in April, meaning we have now spent as much as we have been given for Primo's care. For the months before this we had way outspent the money that came from our agency for his care. This is normal as we had to purchase some big ticket items for him, build up his wardrobe, and stock up on bottles, formula, toys, wipes and diapers.
It also takes a while to break even because our agency sends the checks for the current month at the end of the following month. Meaning, even though Primo arrived in September we did not receive money for his care in September until the end of October. I'm not sure if this is how all agencies work, but it is the way ours does.
Anyway, now that we are on an even keel I am thinking that it may be possible that we will have extra money left over after Primo's expenses next month. I will save this money for upcoming wardrobe expenses and a new car seat and pack n play which we will need soon.
Which leads me to wonder what you all do if you have money left at the end of your child's stay with you?
According to my agency's giant red binder of information: "Any bank accounts should be closed out and the balance should be given to the child in the form of a blank check" Huh?
Doesn't seem so bright to hand over a blank check to anyone for a child, how can you be sure the money ends up helping the child?