Living with dogs can bring a lot of joy to your life. There are few things better than being met with a happy, tail wagging pup as soon as you enter your front door. Owning a dog can be great, but do you know how much it costs?
Recent reports suggest that most people underestimate the cost of owning a dog. In fact, the majority of people believe that the lifetime costs of owning a pet could not be more than roughly $7000.
The bond and companionship that comes with living with dogs is priceless. But before you make the leap from dog-less to a dog filled home, you should research the associated costs. Here is an overview of how much it costs to live with dogs.
The amount that living with a dog will cost you varies by the size and breed of dog you choose. Small dogs tend to cost less than larger ones due to the volume of food that they require as well as medications, vet visits, and more.
Over the span of a decade, owning a dog can cost upwards of $40,000 or higher, especially for larger breeds that require extensive medical care later in life. There are several factors baked into the average cost of dog ownership across a dog’s lifetime, including:
According to the People’s Dispensary for Sick Animals, based in the United Kingdom, the median cost of dog rearing ranges between $25,000 and $42,000 over a 10-year lifetime. However, to paint a more accurate picture regarding the cost of dog ownership, we have to take a more granular look at dog breeds and sizes.
According to the ASPCA, small dog breeds tend to be the least expensive per year. By having a smaller dog, you tend to save money on things like hair grooming, food, and treats. The ASPCA estimates that the average pet care costs for small dogs are $737 a year.
Small dogs can actually cost more in the long run in comparison to larger breeds. Since smaller dog breeds tend to have a longer average life expectancy (roughly 15 years), the average annual cost adds up for more years — the estimated lifetime cost of a small dog totals $15,051.
As you look at larger breeds, the average cost per year increases. Although not as much as large breed, medium dog breeds still come with additional costs in comparison to smaller pups. The average annual pet care costs for a medium dog is estimated at $894.
Since Medium dog breeds have a slightly shorter life expectancy (13 years) than smaller breeds. But since that difference in life expectancy is not that great, the average estimated lifetime costs for medium breeds is actually more expensive than small or large dog breeds. The estimated average lifetime cost for medium breeds is $15,782.
Larger breeds end up costing the least in the long run. Although large breeds cost more per year in pet care costs, they cost less for lifetime costs. Each year, large dog breeds costs are estimated to be $1040 per year. With an average life expectancy of 10 years, large breeds cost an average of $14,480.
Over the past 15 years, the average household spending on pets has skyrocketed. For this reason, it’s important that pet owners understand how they can curb excessive spending and reign in luxuries that your dog doesn’t need or appreciate.
Understandably, there are some spending categories that are inelastic. For instance, vet care is an expensive necessity for any pet owner, and there is little opportunity for lowering these costs. On the other hand, luxury foods, grooming, and toys present excellent opportunities to reduce spending over time.
To help you better control your spending habits when it comes to raising your pet, consider these tips and tricks. Although they may not seem substantial, they can result in hundreds, or even thousands, of dollars in savings over the lifetime of your pet.
If you want to take your savings a step further, it’s important that you consider all the possible ways you can balance offering excellent pet care and reasonable budgeting. For one, consider only buying toys for your dog from online vendors. By taking this route, you can purchase in bulk, and usually, bulk rates include shipping and handling exemptions.
Another good money-saving idea is to forego your traditional commercial dog walking agency. Instead, ask your dog-owning neighbors where you can find a reasonably priced (yet fully certified) dog walker, and also inquire about group discounts for extra savings. When it comes to leaving on vacations, forget paying for boarding services and instead politely ask a relative or close friend if they would be interested in pet sitting.
For many pet owners, grooming is a money pit. However, with a little extra time and patience, you can find that grooming can be performed entirely on your own with minimal professional help. Invest in some grooming tools to help cut down on pet care costs.
If you have a pup that suffers from a variety of ailments such as neurological disorders, anxiety, arthritis, or stress, you can consider treatments other than everyday medicines – with vet approval, of course. You can consider CBD treatments which can address all of the above issues for your pup.
Preliminary research shows that CBD has been found to be an effective treatment for arthritis, neurological issues, anxiety, and stress. At a low cost, CBD Treats like FOMO Bones come packed with tons of natural ingredients to help your pup live a comfortable life.
I work as a part of the Content Team at FOMO Bones. We all work together to curate the best articles to share with our readers and help them be the best parents to their dog babies.