Pet Budgeting Tips for the New Year

The start of a new year provides an opportunity for all of us to rethink our finances moving forward. Costs of caring for a pet varies with age, breed, species, and geographical location, but here are some basic ways you can cut costs without sacrificing the quality of life for your pet.

Food Budgeting

Keeping your pet on a healthy diet with overspending on luxury ingredients is a careful line we must toe. On one hand, you don’t want to feed your pet low quality food, but on the other hand, we want our pet to have the best foods that will keep them fit and healthy (and decrease vet bills later on).

Always be on the lookout for discounted bags of food in pet stores, many brands get discounts if the food will expire in a few months. There may also be local nonprofits that give out quality pet food to families below the poverty line.

Toy Budgeting

You know the moment you gift a child with the perfect toy only to see them abandon it to play with the box. Our pets are very much like that. Your pets don’t need dozens are toys laying around the house to avoid boredom. They can only play with 1 or 2 toys at a time, so definitely keep the toy count to a maximum of about 5. These 5 toys should each be unique, with different textures and densities. That way your pet can seek out the toy that best fits his needs at the time.

Hygiene Budgeting

While it’s convenient to take your pet to the groomer (or have them come to you!) and in an hour have a fresh, sparkling new pet, costs can add up over time. Save money of grooming bills by doing some of the basic care yourself. Brushing your pet’s fur and teeth regularly, trimming nails, and giving baths are all these you can do yourself. Ask your vet to show you how to do these things properly to avoid putting your pet at risk.

Medical Budgeting

A healthy diet and regular exercise are already going to reduce medical bills over time, but medical issues and emergencies are inevitable. We all get sick, including our pets, and there are incidents that can happen to your pet that require hundreds to thousands of dollars in veterinary care. Pet insurance is a way to help alleviate some of these costs, as well as pet savings accounts where you can put away a little of your own money at a time for a rainy day.