Pet Parenting Budgeting 101
Tips for making smart financial decisions when caring for your pet.
If you’re like two-thirds (67%) of U.S. households — that’s more than 80 million families — you own a pet, according to a recent National Pet Owners Survey conducted by the American Pet Products Association. The same organization estimates that Americans spend a whopping $109.6 billion each year on their pets — a long list of items and services that includes food, grooming, insurance, training, pet sitting, walking … and the list goes on.
While there’s no discernible breakdown of essential vs. discretionary spending for pets, pet owners can save money without sacrificing their pet’s health and comfort by following a few basic guidelines:
Dental care is not just for pet owners. Brush your pet’s teeth and check for damaged teeth and gums. Gum disease has the potential to lead to other health issues that require costly vet visits.
Consider insurance
Thanks for checking out the blog.
Greg Armstrong, CFP®
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individual. There is no assurance that the views or strategies discussed are suitable for all investors or will yield positive
outcomes. Investing involves risks including possible loss of principal.
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