The True Cost of Being A Dog Owner

Thinking about welcoming a furry friend into your home but unsure what costs to expect? I totally get it! I have two pups of my own, Happy and Bruno, and let me tell you, they take up a good chunk of my paycheck to keep them happy, healthy, and entertained. That’s why it’s super important to set a budget and be financially prepared before bringing home your first furbaby!

In this video, we’ll chat about the costs of owning a dog and share some tips on where you can save. So make sure to stick around until the end!

KEY TAKEAWAYS 

Annual Expense: Dog owners typically spend $730/year (about $60/month).

Cost Breakdown:

  1. New Dog Essentials: Initial costs (vet visits, bowls, leash, bed, treats) range from $259 to $4,535.

  2. Recurring Expenses: Ongoing costs (food, prevention, toys, emergency visits) range from $690 to $2,690/year.

  3. Optional Extras: Extra costs (grooming, training, boarding) vary; grooming can be about $80 every 4-6 weeks.

Ways to Save:

  1. Buy Used: Shop secondhand for dog products to save money.

  2. DIY Grooming: Invest in grooming supplies and use online tutorials to groom at home.

  3. Adopt: Consider adopting a shelter dog for lower costs and a rewarding experience.

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Desiree Tan

Desiree is passionate about personal finance and the FIRE movement, beginning her journey a few years ago with a strong thirst for knowledge. Through dedicated research and commitment, she is navigating her path towards financial independence. With a Bachelor of Arts in Web Media and Graphic Communication, Desiree has years of experience as a content creator. Now, she channels her enthusiasm into crafting inspiring and educational content to empower others on their financial journeys.

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