How much do they look into finances??

[steveomc209]

Well we have completed the financial sheet they sent us. We under estimated on the income a little as one of us is on a reduced salary due to covid so hopefully that will go back to normal. We over estimated on outgoings for those categories we did not have exact figures for. Anyway after all costs we are left with a considerable amount of head room which currently goes into savings. We have around 20k in savings plus investment of 5k. Car will be finance free before adoption and no credit card debt.
They want 6 months bank statements how closely will they question using every bit of spending?

You'll be fine with that. They want to know you can afford a child, and wont be struggling month to month. So as long as you broke even every month, you'd be fine.

Exactly that as above. They want to make sure that you can financially support a child. They will look at your bank statements to make sure that what you’re writing down about your finances is correct. If you’ve told them you have 3k coming in a month then they will want to see that. They won’t question your spending if you have been honest about it. It’s not for them to judge how much you spend on eBay or on meals out. They do understand that things do change when a child is placed. You spend less on yourself and more on a child. They aren’t there to catch you out. As long as your honest that’s all that matters

We completed a financial assessment (just a 1 page word document - nothing scary!) - ensuring that we wrote down all monthly income/outgoings and to write down our savings. There were no judgements made - all they want to know is that you have a bit put by to supplement your income if needed.