Warning: Man?s best friend could cost you a fortune. Pet owners are on track to spend $47.7 billion dollars on petcare this year.
Warning: Man’s best friend could cost you a fortune.
Pet owners are on track to spend $47.7 billion dollars on pet care this year. And while the amount of money spent on many four-legged family members has nearly doubled in the last decade, there are ways to keep costs on a tight leash.
First, keep in mind that an ounce of prevention goes a long way to preventing costs down the road.
Ignore that advice you could find yourself ultimately spending a lot more at the vet hospital for illnesses or stomach issues.
However, Barbiers says cat owners might be able to be a little more lax and spread out yearly vaccinations, as cats will not be out roaming around and getting sick.
"Work with your veterinarian and be up front and tell them your financial situation and then they can come up with a plan," said Barbiers.
Pet insurance can help mitigate some costs, but Barbiers offers a warning.
"You need to do your homework and read the fine print," she said.
Some policies only cover wellness, others just emergencies. Other pet owners get stuck because they don’t realize that certain breeds are not insurable for certain health issues.
Most rescue shelters also have discounted spay and neutering programs.
And finally, and it might sound silly, but keep in mind that a lot of toys are designed for owners, not animals.