Are pets expensive? This is a question people always ask, and the truth is there are many things that play a role in how much they cost. The top factors include:
One Time Expenses
Owning a pet can become expensive due to one-time expenses, which includes things such as startup supplies like bowls, leashes, toys, cages, bedding and things of that nature. Vaccinations are often required, regardless of the type of pet you get and this too can be expensive, but what you’ll pay mainly depends on where you bring your pet.
Depending on the type of pet you buy, micro-chipping it may be a good idea. Micro-chipping a dog or cat is quite common. These are only a few examples of one-time expenses, but the good news is that you won’t be spending money on such things regularly. Annual Expenses
Annual expenses are the ones that can really add up. For example, you will have to buy food regularly, and throughout a year that alone can be a bit expensive. The type of food you buy, the type of pet you have, the brand of food and where you buy the food from are major factors in how much food will cost you. Some people easily spend £100 a month on food alone, which doesn’t include snacks. This is when it’s good to look for wholesale pet supplies as you can drastically reduce the amount of money you spend a year by buying in bulk.
Besides that, veterinarian appointments cost money, even if you have insurance. Most people bring their pets to the veterinarian at least 1-2 times a year, just for a regular checkup. However, pets that are sick or require ongoing care will need to visit the vet more often.
Unexpected Expenses
Let’s not forget about unexpected expenses, which are the ones that can really be expensive. For example, if your pet ends up injuring themselves and they require surgery, then you’ll have to pay for it. Even if you have insurance, you’ll likely be on the hook for a premium. This is just one example of an unexpected expense, but these expenses can range anywhere from only a few Pounds to thousands of Pounds, which is why it’s a good idea to put money away for emergencies.
Bear in mind that whether or not a pet is expensive depends on the above factors, as well as the type of pet you decide to get. Some pets are notoriously more expensive than other pets. Before you buy a pet, make sure to do your research on the expenses associated with owning them.
