Tag Archive for Pets

7 Financial Considerations of Pet Ownership

pet ownership

pet ownership?Awww, look at that puppy! Can we keep it??

?Look what followed me home! Can we keep it??

When it comes to animals, especially cute and fluffy animals, we humans have a serious lack of willpower.?We can?t resist wanting to bring home the first fluffy animal we see.

Pets are great for the family and provide numerous benefits including companionship, entertainment and teaching life skills and responsibility. We might want to bring home that cute puppy we see in the animal shelter immediately, but we often forget about the financial impacts of pet ownership.

Before you fall for those puppy dog eyes, here are some financial considerations?of pet ownership.

Veterinary Bills

To make sure your pet is healthy and doesn?t spread disease, you need to take it to the vet on a regular basis. Vet bills can get expensive, especially if your pets?need surgery or tests. You?ll want to make sure they are up on their vaccinations and have flea and tick medication. Even these routine things can be an expensive part of pet ownership.

Boarding Costs and Hassles

If you travel a lot or plan?to take?a vacation and can?t take your beloved pets, boarding a pet can get expensive. It can also be a hassle. Depending on the place you board them, you can pay a hefty price and you may even have add ons for extra playtime, treats, etc. There are pros and cons to this, so do your homework before choosing a pet boarding location.

Doggie Daycare

This is a fairly new concept. It?s like daycare for children but for your pet instead. Doggie daycare?can help socialize your animal and make sure he or she doesn’t?tear up your couch while you are gone all day at work. Also like childcare, this can get expensive. But luckily, it is not a requirement for your pet like it may be for human children. With proper training, your pet should be fine at home alone until you return.

Pet Food

There are so many different varieties of food, it can be difficult to choose one for your pet. Is organic better than plain ole’ food? Maybe or maybe now. It is a personal preference of how you live that you apply to your pet. Pet food can get expensive but there are ways to save on this pet expense.


Long-haired pets need more care and grooming. Taking your pet to a groomer can be pricey. Decide if you can DIY it or if you need to hire a professional. Keep in mind that doing it yourself may be cheaper in the long-run but you’ll likely still need to buy some equipment to get started.

Pet Type and Breed

Keep in mind what type of pet or breed you are considering getting. You need to make sure it?s the right pet?for your lifestyle. If you live in a dinky apartment in a crowded city and are never home, it may not be the smartest idea to get an active dog. Certain breeds also have shorter life-spans and may develop health problems. Other breeds aren?t great with children. Do your research?to make sure you get the right type of pet for your life.

Pet Insurance

Pet insurance is another non-necessity of pet ownership, but it’s something to think about. Pet insurance is like your own health insurance, it covers bites, injuries, wounds, etc. depending on the plan. Insurance for pets?is fairly new, and there aren?t a lot of vets that take insurance, so make sure you look a these things before signing up for a plan.

Pets are expensive?and can be full of hidden costs. If you are considering pet ownership, be sure you are able to care for the pet and have time for them. Certain pets need more attention, and depending on your career, may not be a good fit at the present moment. If you do have a pet, make sure you add that to your household budget as you are sure to have some extra expenses.


Do you own a pet? Have you seen an financial impacts of pet ownership?


Photo courtesy of: thatsphotography

4 Simple Ways to Save on Pet Expenses

Pet Expenses

Pet ExpensesIt?s not a secret that I?m in debt. I?ve got just under $18,000 of consumer debt and student loans, plus a mortgage of about $117,000. In order to help me pay off my debts as quickly as possible, I?ve been cutting lots of unnecessary expenses like eating out, shopping, and the majority of my entertainment budget.

Despite all these cuts, one category that some see as ?unnecessary? that I?ve decided to keep in my budget is pet expenses. Even though I?m keeping my pets, there are a few things I?m doing to help cut down on the financial cost of owning a pet.

Don?t Overfeed

Buying high quality food and paying a bit more for it is something I?m not willing to cut from my budget. The better quality the food, the longer and healthier your pets? lives will be. But with that said, one way you can save on pet expenses is by making sure you are not over feeding them. You can follow the feeding guidelines on your pet food?s packaging, or ask your veterinarian for suggestions, to make sure you are feeding the proper amount.

Pets, especially dogs, can be beggars and will try everything they can to get you feed them more food and treats. But if you give in, you are costing yourself unnecessary money in both food costs today and future veterinary expenses when your pet becomes overweight.

Save on Pet Expenses By Buying in Bulk

Another way I save on pet expenses and supplies is by buying in bulk. I buy dry food for my dogs and cat in bulk with coupons and sales whenever they are available. By paying close attention to sale prices on the basic pet supplies I know I?ll eventually use, I can buy them at rock-bottom prices and store them until they?re needed. Just be careful not to build up too big of stockpile that you can?t use all the perishable goods before they expire, otherwise you?ll be wasting money instead of saving it.

Skip the Groomer

Another way I save money is by grooming my own pets. My dogs get regular baths and haircuts, and my cat allows me to brush out her fur to prevent shedding from time to time. The best thing about doing this grooming myself is that I get to save money and spending time bonding with my pets. Plus, by doing these things myself, I know how my pets are being treated, ensuring that they receive proper care and are not unnecessarily stressed out by the experience of being groomed.

Invest in Training

Spending money on obedience training books, supplies, or even classes for your pets may not seem like a money saving measure, but it can pay off in the long run. When my dogs were puppies, I spent a lot of time training them basic commands, skills, and lessons. They know how to behave in public and at home, and I never have to worry about them chewing anything they shouldn?t. By ensuring they have proper manners, I can rest assured I won?t have to replace any furniture or belongings because of pet damage. Replacing things that are chewed or otherwise destroyed can be very costly compared to the time and money investment needed for training most pets.

Though pets can be a major financial expense, especially if you?re trying to get out of debt or increase your savings, pets are worth their weight in how many benefits they can bring to your life. Plus, there are plenty of ways to make pet ownership more frugal than the typical pet owner might realize.



How to do you cut down on pet costs? What kind of pets do you have? What is one thing you’re not willing to skimp on with regards to your pets?



Photo courtesy of: Jerry