Cost of Owning A Pet – Managing Pet Expenses
How much do you spend on your pet each year? It’s not uncommon to be surprised by the number. Many pet owners underestimate the lifetime cost of these expenses. Depending on the pet variety and breed, expenses can range from $21,000 to $45,000 over a ten year period. Thats a lot of money! It’s enough that budgeting, proper care, and financial planning should be an important part of pet ownership! Need help getting your head around some things you can do to get a leg on expenses before they get on top of you?
Managing Pet Expenses
- Invest in preventative care. When you first get your pet don’t skip out on those initial healthcare costs. If you’ve adopted your pet from a shelter, there is a good chance some of this has already been done. Ask your shelter about your new pets medical history. Have they been spayed/neutered? What about early life vaccinations and booster shots? If you’re buying from a breeder or pet shop these steps should be your first priority to starting your pet off on the right track! An unexpected litter can quickly send those pet costs skyrocketing, as can issues with heart worms, Parvo, etc.
- Keep your pet healthy. We know that cheaper pet food seems like a great way to save a few bucks each week, but it may lead to higher vet bills later. Invest in your pets health by ensuring they are getting the key nutrients they need. Ask your vet and do your research so you’re buying the appropriate food. Don’t underestimate the benefit of keeping your pet active too! Obesity can lead to later life issues so regular walks and play sessions are great for their physical and mental health!
- Insurance or a savings account. If you don’t feel like springing for Pet Insurance then at least start a savings account for unexpected emergencies. Be sure to contribute to it monthly. Just think of it this way – if you need it, it’s there, and if you don’t you can spend it on something else. It’s better to be prepared!
- Budget and shop smart. Keep an eye out for sales and consider ordering your pet supplies online. Places like Petco offer a discount if you sign-up for repeat delivery. Buying in bulk can be helpful but not if your pets food or other items are going to go stale or otherwise deteriorate over time. You can also treat your pet and cut back on costs by making your own pet treats and toys! Pinterest is a great tool for all sorts of inspiration!
Got any of your own tips for how you keep pet costs down without sacrificing your pets quality of life and health? Share them with us!
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