If you’re thinking about welcoming a new dog into your home, you might be curious about the impact it could have on your budget.
This is how much it really costs to own a dog
According to the American Society for the Prevention of Cruelty to Animals, a small dog costs an average of $1,314 during the first year and a large dog costs $1,843. These figures include many of the initial costs associated with bringing home a new pet. In later years, the ASPCA says the annual costs drop significantly to an average of $580 to $875.
To be quite honest, it’s not easy to nail down a dollar figure for something like this because there are so many factors to consider. Dog owners must pay for food, toys, training, grooming, boarding, medications, vet visits and perhaps pet insurance. It’s an extensive list of expenses, but the price is worth every penny to those who consider their dog a member of the family.
Ways to save on pet costs
If you’re looking for some ideas to save on pet costs, Clark.com contributor Andrea Woroch put together a list of seven great ideas, which you can find here.
As with humans, medical costs for pets can add up quickly, but Andrea found a few money-saving options:
- Accredited veterinary schools
- VETCO at PETCO discount vaccination clinic
- Low-cost spay and neuter programs
Is pet insurance worth the cost?
The ASPCA’s figures include $225 a year for pet insurance, which is a controversial subject among pet owners. Consumer Reports has said pet insurance is rarely worth the price. However, it may be beneficial if your dog is older and requires veterinary care several times a year.
Clark recommends that you talk with your vet before purchasing a policy to make sure you’re getting the best coverage that you can afford.