Financial planning for furry friendsBy Connie Orcutt • Published: November 1st, 2013
Category: Animal Airwaves
Our pets give us infinite pleasure, but we can’t ignore the financial responsibilities of pet ownership. When budgeting, consider the following pet-related expenses.
Routine care includes veterinary check-ups and vaccinations, food, bedding, grooming, toys, pet care, identification (such as microchipping) and one-time expenses like fencing. First-year expenses alone for a dog or cat can cost upwards of $1,500 dollars.
Next, consider what you can reasonably spend for the extended care of your pet. It’s best to make this tough call ahead of time. You might decide here that pet insurance is a good option.
Finally, consider other emergency expenses related to your pet. Here’s where you might want to regularly set aside savings for unexpected costs.
When you know you can afford your pet’s care, the fun can take center stage!