What It Really Costs to Own a Pet

A Helping Hand

Medical savings accounts are a planning tool that allow patients to ensure financial liquidity in the face of human medical need. Health insurance also ensures that our bodies are covered as we get older. A number of similar resources are available to help with budgeting for pet care as well.

By enrolling your dog or cat in a pet insurance program at a young age, you will most likely pay a lower premium and ensure coverage for the majority of age-related changes that may occur. It is important to enroll pets when they are young because once conditions such as cancer or kidney failure develop, your pet may either be excluded from coverage or ineligible for enrollment. Knowing that you have insurance to help with unexpected situations is invaluable in helping to make those lifesaving or life-extending decisions.


The majority of pet owners pay for nonbudgeted pet care items with a credit card. Some veterinarians now accept third-party health care payment plans. These plans frequently offer 12-month interest-free programs to cover larger-than-expected veterinary bills, allowing you more time to pay for your pet’s veterinary care without incurring high interest charges.

The Long Haul

Everyone who owns a pet knows how important a role they play in our lives. Our nonhuman family members contribute so much to our physical and mental well-being. As pet owners, we have made a long-term commitment to maintain our pets’ quality of life, which includes budgeting for their care for the duration. It is important to seek guidance early and often to make sure we choose the right type of pet for our lifestyle and personal budget, and to understand the options available to us to cover the costs of care and other expenses.

After all, there is no doubt that parenting is hard work. Whether your baby has two legs or four (or none), he deserves only the very best!


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