Pooches are costing people pretty pennies. Having the ideal animal companion can be comforting, but it might cost more than you think. Let’s break down the annual costs of owning a dog in specific, as they are probably the most expensive species to have in your home.
VIP Petcare Survey said that pet owners, specifically cat and dog owners, spend annually $2,000 for the care of their feline or furry friend. This estimate does not take into account medical procedures that could appear at any moment if your pet gets sick, so you always have to prepare with an emergency fund for your fur ball, just like you should have an emergency fund for yourself. These unexpected health care costs average an additional $296 per year, but if something major happens, procedures could bleed well into the thousands range. And the chance of this emergency popping up, according to the survey, is 57 percent.
Lots of pet owners will spend what ever it takes to keep their pet as healthy and happy as possible. Specifically, millennials see their pets as family members that help them prepare for raising a child. But, if you’re on the look for a new dog and don’t want to spend a lot of money consider adopting a stray/abandoned pet or choosing one of these inexpensive dog breeds: a Parson Russell Terrier, Plott Hound, Black and Tan Coonhound, Rat Tarriers, or Harriers.