Owning a pet can bring your family much joy, but taking care of a dog, cat or another animal comes with significant costs too. Unfortunately, this year, many pet owners have found themselves in a heartbreaking situation: being 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…