Budgeting for pet costs
The purchase price of a pet is often only a small part of the total cost. Food, the vet, insurance and care during holidays can add up to a significant amount over a year. If you draw up a budget in advance, an unexpected illness will not wreck your finances.
You will need
- A spreadsheet or budgeting app
- Your local clinic's price list
- Quotes from insurance companies
- A separate savings account
Steps
List the initial purchases
Write down the purchase price, microchipping and registration, vaccinations, bed, bowls, carrier or harness, and toys. Check current prices from several places.
Work out the cost of food
Estimate healthcare costs
Compare insurance policies
Remember care and activities
Build a buffer
Take ageing into account
Track actual spending
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