Pet ownership represents a large emotional – and financial – commitment. Whether you buy from a pet store or a breeder, adopt an animal from a shelter, or take in a stray, initial costs are just the beginning of the story.
This Pet Ownership Costs Guide for 2017, examines the different costs associated with pet ownership and helps you know what to expect, how to plan for these expenses, and potential ways to reduce the financial burden of pet ownership.
The Lifetime Cost of a Pet
There are two main cost areas when owning a pet: the initial cost (adoption costs, vaccinations, training, etc.) and then general costs over your pet’s lifetime (food, toys, routine vet visits, etc.) Combining both of these costs together will give you a rough estimate of the lifetime cost of your pet. Even without some of the larger expenses like a fenced in backyard, initial costs like vaccines, heartworm prevention, toys, training, and food can add up to $680 or more. Throw in routine expenses such as dental care ($40 to $80 per year), food ($240 per year), and grooming ($30 per visit) and you’re looking at $300-$400 per year before major medical expenses.
Average Initial and Lifetime Pet Costs
Can you Afford a Pet?
This guide covers nearly every expense imaginable for pet owners. Whether the cost of adoption, medical care, or the standard expenses of food and toys, pets are more than just furry friends—they’re investments. Evaluate your current financial situation before deciding to purchase a pet. No matter how much love you’re able to give, you need to ensure you can provide for their other needs, too.