5 Tips to Making Pet Ownership More Affordable

Budget-Friendly Tips for Pet Ownership

May is National Pet Month, and while the love and companionship of a family pet are priceless, pet ownership comes with financial responsibilities. Balancing these costs can be challenging, but with the right strategies, you can ensure a financially stable future for both you and your pets.

According to the ASPCA, new house pets cost approximately $1,000–$2,000 in the first year and $700–$875 annually thereafter. Costs vary based on the type of pet—cats are generally less expensive than dogs, and larger dogs can be costlier to feed than smaller breeds.

However, food is only one of many considerations. Here are five essential tips for managing pet ownership costs effectively.

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Five things to think about when trying to care for a pet on a budget:

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1. Adopt, but Demand a Guarantee

Adopting a pet from a shelter can save a life, but it’s essential to adopt from reputable locations that offer guarantees. Many shelter pets may have medical issues, leading to unexpected expenses.

• When adopting, ask about the shelter’s policies for returning a pet if significant health problems arise immediately after adoption. This ensures the pet receives the care it needs and prevents financial strain on your household.
• Learn more about pet adoption and responsibilities from The Humane Society.

2. Control Veterinary Expenses

Americans spend an average of $356 annually on dog healthcare and $190 on cats, according to the American Veterinary Medical Association (AVMA). To minimize these costs:

• Choose the Right Vet: Consult your local humane society for recommendations on affordable and reliable veterinarians.
• Shop Smart for Medications: Ask your vet for a prescription and purchase medications online at a lower cost from sites like Chewy or PetMeds.
• Prevent Dental Issues: Brush your pet’s teeth regularly to avoid costly dental procedures later. Check out pet dental care tips from the American Veterinary Dental College.

3. Be Smart About Pet Toys and Treats

Pet owners spend an average of $107 per year on dog toys and $66 on cat toys, according to the American Pet Products Association (APPA). However, you don’t need to overspend:

• Buy Clearance Toys: Pets won’t notice the difference between full-priced and discounted toys.
• DIY Alternatives: Many pets are just as happy playing with household items like cardboard boxes or sticks.
• Skip Pet Clothing: Unless required for extreme weather, pets don’t need clothing. Dogs are colorblind and don’t care about fashion!

4. Learn to Groom Your Own Pet

Pet grooming is another area where costs can add up. Americans spend less than $20 annually on grooming cats but significantly more on dogs. To save money:

• Groom at Home: Search YouTube for tutorials specific to your pet’s breed. You’ll find free lessons to guide you through basic grooming techniques.
• Invest in Tools: A one-time purchase of grooming supplies can save hundreds of dollars in professional grooming fees.

5. Feed Your Pet Right

Food is one of the largest ongoing expenses for pet owners. While it’s tempting to choose cheaper options, experts advise against this:

• Choose Quality Food: Premium pet food offers better nutrition, which leads to better overall health. Learn about quality food options from AAFCO, which sets nutritional standards for pet food.
• Feed the Right Amount: Overfeeding can lead to health problems and increased veterinary bills. Ask your vet for personalized feeding recommendations.

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Budgeting for Pet Ownership

Planning ahead and including pet expenses in your household budget can help you keep costs under control. This is particularly important as economic challenges contribute to increased pet abandonment rates, according to No Paws Left Behind.

If you face hardship and can no longer care for your pet, consider:

• No-Kill Shelters: Many shelters ensure pets are re-homed rather than euthanized.
• Local Rescue Groups: Reach out to organizations that can help place your pet in a loving home. Find resources through the ASPCA's Pet Care Resources.

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A Lifelong Commitment

Pets bring joy, love, and companionship, but they also require financial commitment. By adopting responsibly, controlling expenses, and planning for their care, you can enjoy the benefits of pet ownership without breaking the bank.

If you’re struggling with budgeting or financial challenges, reach out for help. Visit Credit.org for free, confidential counseling and educational resources to get your finances on track.