It’s no secret that pets can bring happiness and joy to our lives. h=However, it’s important to understand the commitment they require physically, emotionally and financially.
According to the American Society for the Prevention of Cruelty to Animals (ASPCA), the average annual cost of owning a pet can range from $1,000 to $1,400 (depending on the size of your new addition), but that doesn’t tell the full story. The first year can be much more expensive, sometimes exceeding $3,000 if you are getting a brand-new puppy, kitten or a pet with special needs.
How much you actually end up spending depends on the type and breed of your pet, as well as your location, but here are some average costs and things to consider:
There are also some one-time or more infrequent expenses to plan for:
Remember that these are just average costs. Specific expenses will vary, but it is beneficial to consider your budget if you're thinking about inviting an animal into your family – and vital to making sure the new addition will bring happiness rather than financial stress.