Like so many other things that were once affordable, owning pets is increasingly pricey.
One of the few joys still available to the average household is a pet. At least this is what I thought until I read 5 money-saving tips people hate, which included the lifetime costs of caring for a pet.
It turns out Poochie and Kittie are as unaffordable as college, housing and healthcare (and pretty much everything else). Over the course of 15 years, small-dog Poochie will set the owner back an eye-watering $17,560 to $93,520, while big-dog Fido costs $22,025 to $82,929 over 12 years.
Kittie is a relative bargain at $16,800 over 15 years.
Some estimates of responsible pet ownership are considerably lower, but non-pet owners may be surprised by 1) how many options for the care of pets are now available and 2) how many medical interventions and treatments are now available, at prices that aren’t much different from human healthcare.
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Unfortunately, pets aren’t able to tell us they don’t want any extraordinary measures taken to extend their lives, and so households may agree to procedures they really can’t afford.
Here is an excerpt from the article:
The SPCA lists the cost of pets as follows:
— Over 15 years, total costs for a small dog could run from $17,560 to upward of $93,520.
— Over a 12-year lifetime, the costs of a large dog range from $22,025 to upward of $82,929 for folks using dog walkers.
— All told, cost of cats will be at least $780 a year and $16,800 over its possible 15-year existence.
— American Kennel Club: “The average lifetime cost of raising a dog is $23,410.”
— US News: “RaisingSpot.com, which provides tips on raising a dog, suggests a dog that lives 12 years might cost you anywhere between $4,620 and $32,990.”
— Pet Place: “An indoor cat’s total estimated lifetime cost is $8,620 to $11,275.” Note: Outdoor cats live much shorter lives and thus cost less.
There’s even a pet cost calculator if you want to find the cost of your pet.
To summarize, a dog is going to cost roughly $20,000 while cats will be closer to $10,000.