Crazy Money! Cost of Pet Care

It’s Crazy Money Day!

Unexpected veterinary care can run into thousands of dollars. According to the American Pet Products Association, we spent more than $34 billion on veterinary care in 2021, and it’s predicted to reach $38 billion this year. Emergency pet care adds up quickly. It’s why people buy pet insurance! Many plans help with emergency vet visits to keep the costs of unexpected vet bills manageable. Pre-existing conditions are not typically covered, and you’re unlikely to get the coverage you desire in an emergency situation. Also, some policies have a maximum amount that they will pay. Without pet insurance, an unexpected emergency bill can be overwhelming.

Money put aside in an emergency savings account is essential if you own a pet. We’ve owned several cats and dogs throughout the years. Only twice have we faced emergency situations. They were both expensive and painful. So before you get a pet, think through all the costs involved. It’s more than just the purchase or adoption price. There’s food, shots, flea and tick prevention, litter, and training. The annual cost of cat ownership is estimated to run $800. A dog, depending on its size, starts at $750. These estimates don’t include the cost to groom, board, or insure. God created animals on the sixth day. They’re wonderful companions, but we need to carefully consider the crazy costs of ownership. 

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