This actually isn't ideal, as you may not have had the chance to save up a solid emergency fund beforehand (or plan to devote a chunk of your existing emergency fund to pet expenses). Many people have acquired a new pet on the spur of the moment (myself included pro-tip, if someone offers to let you hold a kitten, you may want to decline the offer if you don't want to be tempted). Give your companion animal the best shot at a long and healthy life by taking the following steps before they arrive. There's a lot of variables that go into these figures for example, a smaller dog will generally live longer than a large one, and an indoor cat will generally live longer than one who roams the outdoors.Ī Synchrony study found the cost of care over a 15-year lifespan for a dog runs $19,893 to $55,132, and for a cat, those same 15 years will cost $15,055 to $45,790. According to PetMD, the average lifespan of a cat is 13 to 17 years, and the average lifespan of a dog is 10 to 13 years. You want to be able to give your beloved pet the best life possible while they're with you. Yes, like so many aspects of life, money plays a big part in successful pet ownership, too. The steps you take before your new pet comes home can help ensure their health and happiness, as well as keep your finances in good shape. Each of these pets has different requirements, and it'll be up to you to fulfill them. Companion animals come in all shapes, sizes, and species, from your run-of-the-mill cat or dog all the way to exotic pets like tropical birds, saltwater fish, and scaly reptiles. If you've got space in your heart and space in your home, you might be looking to fill it with a new pet.
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