If you have kids, there might come a time where they ask if they can have a family pet. Even if you share in your children’s excitement to get a dog or cat, you’ll want to first understand just how much it costs to own a pet. Just like insurance agents can help you understand the total cost of your policy, this article can allow you to better understand just how expensive it can be to have a pet.

Understand That Things Don’t Always Go According to Plan

Know there’s a chance your pet might have special needs, which might require a special diet or medical care. Even if your pet has a clean bill of health before you adopt her or him, there’s no telling whether the newest member of your family will have health difficulties later down the line. There could be special medication and visits to the veterinarian to pay for, so be sure to keep this in mind before getting a cat or dog.

One-Time and Yearly Costs of Pets

When you first get a dog or cat, you can spend anywhere from roughly $400 to $600. One-time costs include:

• Training

• Carrying crate

• Neutering/spaying

• Litter box

• Scratching post

• Medical exam

• Collar and leash

Additionally, there are yearly costs to factor in, which can be as much as about $700. These costs consist of:

• Yearly medical exams

• Food

• Health insurance

• Litter

• License

• Treats/toys

It’s not unusual to hear of owners spending upwards of $1,000 during the first year of owning their pets, but that cost can be higher. For instance, if you live in an apartment complex, you might have to pay a pet deposit and additional fees. You may also need occasional pet sitting and kenneling services.

The Desire to Be a Responsible Pet Owner

Most pet owners regard their pets as family, as their children, and you might find you fall into this category. And just like you would with your two-legged children, you’ll likely go to any financial length to take proper care of your four-legged child. While there is nothing wrong with wanting what’s best for your pets and children, that desire can come at a cost, one you might not be able to pay with ease. If you can barely afford the one-time and yearly costs of a pet, then you likely can’t afford to do more than the bare minimum for your dog or cat. Spending beyond your means to give your pet the best life possible could give you the worst financial life possible.

There Are Alternatives to Standard Veterinary Care

Know that you don’t always have to rely on standard veterinary care when it comes to keeping up with your pet’s health, which can go a long way in saving you money. For instance, you might be able to get discounted veterinary services if you live near a university that offers veterinary medicine degrees. There are also state, local and national groups that specialize in specific dog breeds you can use as a source of information related to veterinary care assistance operations for your particular breed. If your dog has a specific canine disease that requires special medical care, there are groups and programs that might be able to help you and your pet get the help you need at a cost you can afford.

If you have no choice but to rely on a regular veterinarian, see if there is a payment plan you qualify for. Taking care of veterinary bills in increments can be easier and better than making a single lump sum payment.

While a dog or cat could be the perfect addition to your family, know what you and your finances are getting into. Going into debt to give an animal a good home doesn’t do anyone any good.