When considering whether or not to adopt a dog into your home and heart, it is important to weigh the potential financial implications. Although the rewards of owning a dog can be exponentially good for your mental and emotional well-being, if not properly planned and saved for, it can be an unexpected hit to your bank account within the first few months of bringing your furry addition home.
Here are five important cost areas to consider when saving for a dog.
How much does dog food cost?
Of course this total is determined by the breed and size of the dog you adopt and also the brand of food you choose, but plan on spending around $20-70 on food per month; roughly $240-$840 a year.
And this doesn’t include treats.
How much does dog grooming cost?
Depending on whether you prefer to keep grooming basic or to get “the works” for your pampered pooch, you can expect to spend about $30-60 a month on grooming costs; $360-$720 a year.
Now many dog owners choose to groom their dogs themselves which can lead to some interesting and fun haircuts. And if your dog has short hair, all they may need (and want) is a good brush!
How much do dog vaccinations cost?
Depending on whether you have your dog’s vaccines done at a low-cost clinic or human organization or if they are done at the average veterinary office, during the first year of your dog’s life you should expect to spend $20-$150 and then $10-$100 for each following year of the dog’s life.
What’s the average cost of a vet visit for a dog?
Barring any major unforeseen health issues, an average vet visit may only cost about $50 but extra costs can quickly accumulate when factoring in dental care or medicines and can send the yearly averages to a range of $100-500.
You may want to consider getting pet insurance to cover emergencies and unforeseen expenses.
How much does it cost to board a dog?
An important area to remember when saving for a dog is the cost of professional boarding when you need to get away. This can set you back somewhere between $30-70 a night, so if you are normally out of town for approximately two weeks a year, this is a yearly cost of $420-$980. (Unless you have a friendly neighbor who will dog-sit for free. Score!)
Now if you want to travel with your dog, in-cabin expenses range from $50 to $250 per one-way. It can essentially amount to another human plane ticket.
So, the total average cost of these expenses per year ranges from $1,130-$3,140. And if your dog lives about 12 years, you may end up spending a total of $13,560-$37,680 on that loyal best friend.
And this doesn’t cover toys, treats, leashes, collars, and poo bags. (Or Halloween outfits.)
The truth is dog ownership can be expensive. But so worthwhile!
Start saving now to make sure you’re prepared to take on the expenses of your new dog friend. Set it as a goal in the Vimvest app.