Financial Planning Which is Cheaper: Cats or Dogs? Read the Article Open Share Drawer Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on LinkedIn (Opens in new window) Written by Mint.com Published Sep 11, 2012 4 min read Advertising Disclosure The views expressed on this blog are those of the bloggers, and not necessarily those of Intuit. Third-party blogger may have received compensation for their time and services. Click here to read full disclosure on third-party bloggers. This blog does not provide legal, financial, accounting or tax advice. The content on this blog is "as is" and carries no warranties. Intuit does not warrant or guarantee the accuracy, reliability, and completeness of the content on this blog. After 20 days, comments are closed on posts. Intuit may, but has no obligation to, monitor comments. Comments that include profanity or abusive language will not be posted. Click here to read full Terms of Service. I love my dog, but whoever coined the phrase, “You can’t put a price on love” probably wasn’t a pet owner. Last year, between food, treats, toys, dog park memberships, vet bills, and medicine, my large dog cost me more than $900. Dog and cat owners don’t pay the same amount for their four-legged family members. If you’re wondering how big the difference is – and who pays more – then read on for a breakdown of pet expenses and ideas to lower yours… The ASPCA did a study on the average cost of owning a dog or a cat. Here’s a more detailed breakdown: Small dog – $1,314 the first year, $580 per year after Medium dog – $1,580 the first year, $695 per year after Large dog – $1,843 the first year, $875 per year after Cat – $1,035 the first year, $670 per year after These totals include the following first-year costs: spay/neuter, other initial medical, collar/leash, litter box/scratching post for cats, cage/crate for large dogs, carrier bag for small dogs/cats, and training class for dogs. Annual expenses include food, recurring medical, litter for cats, licenses for dogs, toys/treats, health insurance, and miscellaneous. Of course, those are averages. The ASPCA says, “You shouldn’t expect to pay less than this, and you should definitely be prepared to pay more. Don’t forget to factor in the costs of unexpected veterinary care, as well as boarding facilities, pet sitters and dog walkers, if you plan to use them.” But what the ASPCA doesn’t mention is ways to trim expenses. For example… Vet bills The ASPCA says cats and dogs should see a vet at least once a year. The first year (when they usually require the most shots) is slightly more expensive. For example, they say vet bills for a medium-size dog break down like this: Recurring medical – $235 Other initial medicine – $70 Spaying or neutering – $200 TOTAL – $505 You might reduce some of those costs by comparison shopping. For example, one vet in my neighborhood is $25 cheaper per visit than another. However, be sure to compare the costs of both regular visits and emergency ones. Impromptu trips – like the time my puppy ate a bag of nickels – get costly. Check local animal shelters for discount spaying/neutering, shots, or other medical services. Some offer them, others don’t. You can also reduce your costs by shopping around for cheaper medicines. Some retailers offer $4 generic pet meds. Owners can also use pet health insurance to save money on their vet bills – both expected and unexpected – but it’s not cheap. The ASPCA says health insurance for a cat runs about $175 a year. Food and supplies The ASPCA says that the average yearly cost of food and supplies for a large dog like mine breaks down like this: Food – $235 Toys and treats – $75 TOTAL – $310 But I spend less than that, and I buy organic. A quick online search can help pet owners compare the cost of pet food, treats, toys, and basic meds. For example, I used to buy my dog’s food at a pet store. A 30-pound bag costs $57.99, but I found the same bag online for $51.99. Grooming and training According to the ASPCA, training and grooming for a small dog breaks down like this: Long hair grooming – $264 Training class – $110 TOTAL – $374 I save money on these pricey extras by not paying for them at all. For example, I bypassed training classes entirely. Instead, I taught my dog basic commands and a few tricks using dog training sites. Here are a few of my favorites: WebMD Pets has great one-minute training videos featuring a certified dog trainer. You won’t learn everything you need to know, but it’s helpful to watch the techniques in action. Petfinder has a training section that covers everything from behavioral problems to basic dog tricks. Perfect Paws has a ton of helpful articles on positive reinforcement training. They also have a section on how to train cats. I also do all my own grooming, and save about $160 per year. I also learned how to do that online. Bottom line Animals aren’t cheap, but as with two-legged family members, where there’s a will to save, there’s a way. But even if your dog or cat does end up costing a little more than expected, they’ll still do something no other purchase will: pay you back a thousandfold in companionship, loyalty, devotion, and fun. “Which is Cheaper: Cats or Dogs?” was provided by MoneyTalksNews.com. Previous Post Estimating the Cost of College Using a Net Price Calculator Next Post 8 Common Grocery Budget Busters Written by Mint.com More from Mint.com Browse Related Articles Mint App News Intuit Credit Karma welcomes all Minters! Retirement 101 5 Things the SECURE 2.0 Act changes about retirement Home Buying 101 What Are Homeowners Association (HOA) Fees and What Do They Cover? Financial Planning What Are Tax Deductions and Credits? 20 Ways To Save on Taxes Financial Planning What Is Income Tax and How Is It Calculated? Investing 101 The 15 Best Investments for 2023 Investing 101 How To Buy Stocks: A Beginner’s Guide Investing 101 What Is Real Estate Wholesaling? Life What Is A Brushing Scam? 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