The Financial Burden of Pets

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Image Source: http://miniaturepaws.com/dogs-can-cost-a-lot-of-money/

How much money does it cost you annually to care for your pets?

Providing your pets with the best possible life is a significant investment. Caring for a pet requires your time, energy, and financial resources. It isn’t much different than raising a child. While you can’t put a price tag on love, it is important that prospective pet owners understand the commitment they are making when adopting a new pet.

In 2016, the American Pet Products Association (APPA) reported, “68% of U.S. households own a pet, which equates to 79.7 million homes.” APPA reported that actual pet expenses were about $60.28 billion in 2015, up 3% from 2014. (view stats)

In 2015, pet owners spent approximately $23.05 billion on food (up 1.9% since 2014), $14.28 billion on supplies and over-the-counter medicine (up 4% since 2014), $15.42 billion on veterinary care (up 1.11% since 2014), $2.12 billion on live animal purchases (down 3.19% since 2014), and $5.41 billion on services (up 14.38% since 2014).

Depending upon your choice of dog breed and whether you buy from a breeder or adopt from a shelter, the cost of acquiring a pet can range from as little as $85 to well over $1,000. While this may seem like a small investment, don’t neglect the additional costs associate with owning a dog. With vet visits, pet grooming, walking the dog, cleaning up the waste, medicines, supplements, toys, and dog food, the cost of owning a dog for one year can become a significant burden if you fail to count the cost up front.

Luke 14:28 (NLT) says

“But don’t begin until you count the cost. For who would begin construction of a building without first calculating the cost to see if there is enough money to finish it?”

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