There is no denying that dogs are humans best friends and owning one can be tremendously beneficial. From the many reasons that come to my mind, dogs can make you physically active with their morning walking routine, they are great companions, they provide unconditional love and support and they lead to a happier and healthier life.
However, owning a dog or a pet, in general, can be painful for your pockets if you don't do the proper research prior to getting one.
According to the Ontario Veterinary Medical Association, the majority of Canadians underestimate the real cost of owning a pet starting from the one-time fees of adopting a pet to yearly recurring fees of basic maintenance and food. Owning a pet is definitely not a light cost.
As you can see from the below table, Ontario Veterinary Medical Association gives a cost breakdown of the different expenses that you can incur during the first year of purchasing a pet. Without any doubt, the first year will be the most expensive one as you will need to spend on vaccines, basic supplies, and licenses.
Of course, the price of owning a pet will depend a lot on the size, breed, and age of the pet and this was just the first year expense. Luckily, now many companies offer pet insurance to cover some of the medical bills. However, there is a premium for that and the coverage is not always sufficient to cut all the costs.
Some alternative options to alleviate the financial burden is to adopt a pet from an animal shelter rather than buying one from a pet shop or to foster one to save up on the financial obligations of the medical bills. And if you are neither a dog nor a cat lover, you can always get a fish or a bird which are less of financial maintenance.
Regardless, don't feel bad about owning a pet and definitely, this post is not to discourage you from going to get one, but rather to make you more cost-conscious.
Just be wary and wise on your purchase. Owning a pet is an investment without any financial reward, but our furry family members definitely bring a lot of joy and happiness to our lives.