The benefits and costs of owning a pet
Owning a pet may take a big bite out of your nest egg, so it’s important to budget accordingly.
A 40-pound dog can cost $2,019 per year to feed and maintain and would live about 14 years. Using 2013 prices, the dog would cost $28,266 over its lifetime.
Not a dog lover? A 10-pound cat can cost $1,485 per year for upkeep. They can live for about 14 years for a total of $20,790 over their lifetime with 2013 prices.
*Vaccine timelines can vary, and some vaccines may not be required on an annual basis. Speak with your veterinarian about what
vaccinations are appropriate for your dog or cat.
Source: Ontario Veterinary Medical Association in partnership with the Canadian Veterinary Medical Association.
Owning a pet may not be cheap, but their unconditional love, funny antics and their company may be worth it.