Tips to Make Man’s Best Friend More Wallet Friendly

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn


Source: Thinkstock

No expense is too great for your beloved pet — as long you’re planning and budgeting. As much as we love our furry, four-legged friends, they can cost us a lot. Small expenses such as food, toys, and treats add up each month, and larger expenses (think vet bills) have the potential to set you back a lot. That doesn’t mean you shouldn’t have a pet –it just means you need to budget accordingly. According to Kiplinger, a dog can cost between $700 and $2,000 in the first year alone. That’s not including other expenses such as pet insurance, grooming, and dog walking, which can cause the cost to increase to more than $7,000.

Make sure you’re regularly setting money aside for pet expenses so when something comes up you’ve got it covered. Here are some pointers to help you figure just how much you could be saving.

1. Food

“Feeding a small dog or cat costs $120 to $150 a year; feeding a large dog is $350,” Stephen Zawistowski, science adviser at the American Pet Products Association, told AARP. But overfeeding pets can cause people to spend much more than that each year. In order to save some money, make sure you’re following the food recommendations. Typically, one-half to three-quarters of a cup will do the trick. For dogs, try to stick with dry food rather than canned. Wet food is 70 percent water, meaning it’ll cause you to feed your pet considerably more.

More Articles About:

To contact the reporter on this story: To contact the editor responsible for this story:

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business