Costs To Consider Before Getting A Pet, this week’s edition of Your Moment of Trust. https://youtu.be/7j6sLqmKAhM via
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Welcome to this week’s edition of Your Moment of Trust! Owning a pet can bring your
family much joy, but taking care of a dog, cat, or other animal comes with significant
costs too. Unfortunately, this year, many pet owners have found themselves in a
heartbreaking situation, forced to give up their pets for financial reasons.
If you are thinking about taking home an adorable furry friend, it’s wise to check your
budget first. According to the American Kennel Club, dog owners can expect to spend
about $15,000 over the lifetime of their pet. Here are the costs you should consider
before getting a new dog, cat, bird, or other pet.
How to calculate the cost of a pet
● Consider the initial investment. Any new pet comes with substantial expenses.
For example, if you purchase a puppy from a breeder, you can expect to spend
anywhere from $500 to $2000 or more. Purebred cats can be costly too. If you
don’t have your heart set on a specific breed, you can cut costs by adopting a
mixed breed pet from a shelter, but there will still be a modest expense, usually in
the $50 to $200 range. After the purchase cost, factor in your pet’s first vet visits,
which may include vaccines and boosters, deworming, and spaying or neutering.
The cost for these items and treatments can quickly go over $1,000. You can
save money by adopting an older pet that is up to date on vaccines and has
already been spayed or neutered. Finally, don’t forget about supplies. You’ll need
your pet's food, food and water bowls, collars and leashes, toys, beds, crates,
etc. The average consumer spends about $425 on initial expenses when it
comes to supplies. Include these items in your budget as part of the initial cost of
buying or adopting a pet.
● Factor in food. Standard food for dogs or cats will cost you a few hundred dollars
a year. However, if your pet develops a food allergy, expect to pay more for a
prescription diet.
● Budget for veterinary visits. All pets need an annual exam and vaccinations.
Some pets will need annual checks for parasites and deworming too. These
visits average about $160 for cats and $225 for dogs. Of course, the price for a
yearly vet visit will vary depending on where you live, so be sure to check with
your local veterinarians. Also, choose a veterinarian you trust before you get a
pet. Keep in mind that your pet may also need routine care along the way, such
as dental cleanings.