Are you considering adding a new member to your family? Congratulations! Owning a pet can be a rewarding experience and add companionship to your home. However, the cost of your new pet sometimes is not fully factored in before he/she is brought home. A pet is an investment and will require your time, commitment, and money.
“Recent research found that even a puppy from the local shelter could end up costing an estimated $23,000 during its lifetime. The average annual cost of owning a dog is $2,084, while cat owners pay an average of $1,318” Reference.
Even though you cannot put a price on the love a pet offers, it is important to know what is within your budget.
Many prospective pet owners only anticipate the fixed expenses such as purchase price, spay/neuter, food, and toys. The forgotten costs can include annual medical care, diagnostic bloodwork, preventatives, dental care, grooming, boarding, training, emergency care, medications, etc. These costs can add another $1,500 or more.
"Owners will likely incur at least one $2,000 - $4,000 bill for emergency care at some point during their pet’s lifetime" Dr. Louise Murray vice-president of the ASPCA Reference
There are two major ways to help help decrease costs:
- Preventative Care - to live the healthiest life and catch problems early
- Pet Health Insurance - there when emergencies and accidents happen
We hope for the best possible health in all animals and hope you found this informative and helpful in your adopting decision. We offer your new pet a free one month trial of pet insurance through Trupanion after his/her first exam.