As we all know, owning a pet can be quite enjoyable. Whether it’s a dog or cat, having a companion at your side can do a lot to help improve your mood. They not only keep you healthy (as you have to walk and play with dogs), but they are generally fun to have around.
Yet, before I convince you to adopt the next pet you come across, you need to knowing that owning a pet can be quite expensive. There are many hidden costs of pet ownership and taking the time to learn about them now – before any commitment – can mean a huge difference on your wallet. Some young families jump into owning a pet because they feel like it is the next step to achieving the American dream. Unfortunately, they fail to realize the hidden costs.
Hidden Costs of Pet Ownership
Shots/Immunizations: When you get your pet, assuming it is a puppy or kitten, you need to be aware that shots can be quite pricey. You may think buying the cat or dog (or other animal) will be the end of it, but make sure to see if the pet has had its necessary trip(s) to the Vet.
Boarding Costs: Do you plan on taking your pet with you on your vacations? If not, do you have someone to watch your pet? If you are living away from family and friends, you need to take into consideration the cost of boarding your pet while you take vacations. Not only will this cost more, but it will most likely tie you down and prevent you from taking as many trips. Is it really worth the cost?
Health: Cancer in pets and other diseases is occurring more frequently than previous years. The rise of the number of illnesses is matched by the increasing Vet bills. If you think you can get great health care for your pet at a low price, you will be in for a surprise.
Food: This one shouldn’t be too much of a surprise, but most people do under-estimate the cost of providing food for their pet. The larger the pet, the more it will consume and take out of your wallet.
If you are tight on money right now, getting a pet may not be the best choice for you. It may not seem like that much of a financial investment, but it all adds up. Before you know it, you could be facing thousands of dollars in expenses each year. Do you have that kind of money to invest in a pet? Or should you be investing it elsewhere?