(DailyProsper.com) – So you have your heart set on bringing home that furry little creature from the pet store. The only issue is the hefty price tag attached. Are all pets really so expensive?!
The answer to this question really depends on the pet — obviously, a dog will always cost more than a goldfish or a hamster. Still, adopting a pet is always a bit of a costly endeavor, no matter the species. From initial purchase to veterinary emergencies, you need to map out your finances well in advance to ensure you avoid a surprise crisis.
We’ll tell you how to do that right now.
Implement a New Budget
Pets cost money. Just the daily living expenses and basic care needs can pile up fast. Whether you’re getting a mixed breed cat or an AKC-registered French bulldog, add some of these basic expenses to your household budget:
- Food. This amount can fluctuate, especially if your pet develops any gastrointestinal issues or food allergies that require a special diet.
- Routine vet care. This is a mandatory expense. Figure the amount bi-annually and then divide into monthly chunks to make it more manageable. Add more to generate a surplus for urgent care visits.
- Flea and tick prevention. Depending on your region, your pet may need to be on some sort of flea and tick medication each month.
- Dental chews. Healthy chews or supplements are good to add to your monthly budget. Ask your vet for breed and age recommendations.
- Treats. Both cats and dogs need yummy snacks for their enjoyment and your entertainment.
- Toys. All pets need toys. Whether it’s a new tennis ball or an extreme cat condo, add extra funds for this category.
Incorporate these into your household budget before you pick up your new furry friend.
Set up an Emergency Expense Fund
Even a perfectly healthy pet can unexpectedly get sick or face a medical emergency. While most veterinarian offices take credit cards and offer in-house financing, it’s best to have an emergency expense fund set aside just in case. Centsai recommends having between $1,000 and $2,000 to start and then adding from there.
Make Home Modifications
Before adopting a pet, make sure your home is safe and welcoming. Is your yard secure? Do you have pet gates installed? Consider adding a fence if necessary. If you have carpeting and plan on training a puppy, be sure to have something down to secure and protect your flooring.
Consider Your Lifestyle
Before a pet adoption, ask yourself the following:
- Is the breed you want an active one? If you love to run daily, it may be wise to choose a more active Jack Russell terrier over a basset hound.
- Do you take vacations every year? Are you able to take your pet with you? If not, add boarding fees or a pet sitter to your budget.
- Are you gone for long hours during the day? Does work cause you to travel or be gone well past 6 p.m.? Be sure to have a plan in place if you do.
Your daily lifestyle is important, so keep that in mind before adding a new pet to your household.
Pet adoption is just like adopting any other member into your family. You need to be ready both emotionally and financially. The end result is plenty of years of enjoyment. If you’re ready, take that chance. Your new best friend is ready to make new memories with you.
~Here’s to Your Success!
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