Having a pet is wonderful, but there are costs involved that you need to consider. Having furry family members can save money on your wallet right from the start if you buy all the necessary equipment your pets will need. Then there are continuing costs for regular vet bills, ongoing food and equipment, and unforeseen expenses like medical treatments.
If you haven’t thought about the cost of a pet yet, consider your finances realistically before making a decision. Of course, the cost will vary depending on the pet you choose and other factors. Still, your pet will cost money. You should always be sure that you have factored in these costs and can afford to meet your canine companion’s needs.
Owning a pet is not a short-term commitment. Some of your companions have long lifespans that mean many years of enjoyment, but also expensive. It is important to consider the long-term costs as well as the short-term.
How much does a dog cost?
There are two things you need to consider. First, the initial costs, which can include the adoption fee or price of the dog, a dog bed and toys, leash and collar, microchip, and other things you may need for your dog.
Secondly, the running costs, e.g. annual vet check-ups, vaccinations, treatment to prevent parasites, food, treats, training sessions, grooming, pet insurance and so on. Also, some accessories for your pet need to be replaced over time.
Each dog has a different financial impact depending on the size, age and health of the animal. Veterinary care can be very expensive.
How much does a cat cost?
Of course, for a cat, there is the initial cost of purchasing the necessary items that the cat needs. This will likely include food and water bowls, scratching posts, litter boxes, cat beds/baskets and toys. Once your cat has settled in, there are various ongoing costs to consider. This includes annual veterinary care, including health checks, vaccinations and treatment to prevent parasites. Food and cat litter must also be included in the calculation, as well as animal insurance.
Then there are the occasional costs, which vary for each individual pet owner and cat but can include holiday care and emergency veterinary care if the cat falls ill. If your cat is not spayed or microchipped, this will need to be done.