According to the American Pet Products Association (APPA), pet owners spend over $70 billion on pet expenses annually. Costs include food ($30+ billion), supplies ($16+ billion) and vet care ($18+ billion). However, the total cost of pet housing and care often includes unforeseen expenses or hidden costs of pet ownership that can eat into your household budget, not even including the stuff you can list off the top of your head.
If you plan to adopt a dog, you’ll want to figure out the total investment before making your final decision so that you can approach it with as much responsibility as possible. This information shouldn’t be a deterrence — if you’re ready, you’re ready — but if any of it makes you feel nervous, you might reconsider if the time is right to adopt a new pup. After all, like any member of your family, dogs can increase your overhead significantly, thus, putting a strain on your finances. If you don’t prepare for those extra costs, there might be more heartbreak in the future. Continue reading “The Hidden Costs of Pet Ownership: Can You Really Afford a Dog?”