While the joy of owning a pet might be unmeasurable, it’s definitely a great responsibility keeping it safe and healthy. There are some money habits that you should acquire before you decide to get a pet. Believe us, they are vital to the well-being of your pet. Responsible pet owners do not only pay attention to pet leashes and bowls, but also get well-prepared for everything, from a round trip and a vet visit, to funeral services when their pets pass away.
Here are the five money-saving tips from MoneyHero.com.hk for you if you are going to keep a pet and want to be a responsible pet owner. Keep them in mind, as some can cost you a fortune.
1. Calculate the Food Expenses
On average, wolfdogs or sled dogs consume 2 cans of dog food (12 oz) every day. In other other words, they need 62 cans of dog food every month, which easily accounts for over a thousand dollars already. Don’t forget the costs of treats as they are much more expensive than human snacks.
You should reconsider keeping a pet if the expense of food takes up more than 10% of your salary. Ask people who owns similar pets to find out more details about feeding. If you prefer to buy rather than to adopt, you can ask the sellers to get a rough idea of how much the food expense would be.
2. Purchase Pet Insurance
If your pet suffers from chronic diseases like cancer, the medical expenses would be very high. An ultrasound scans itself could costs you $2,000 – $3,000. And medicine for animals are always much more expensive than those for men.
That’s why you should buy an insurance for your pet unless you are too wealthy to care about these expenses. It’s better to pay a small amount of money every month than lose a bundle in the long run. You should bear in mind that, it’s unlikely that cats and dogs remain uninjured and stay healthy all the time in the 12+ years of its life.
3. Build a pet fund of 3 months’ expenses
Estimate the costs you have to pay for your pet in a month, including the insurance premium. You should set up a fund that can cover the major expenses for at least three months and save it in a separate bank account. This guarantees that your pet will not be affected even when some problems, such as losing your job, suddenly arises.
Read More: 7 Easy Saving Tips For Lazy People
4. Go out with your Pet at the Lowest Cost
You have to take your pet to medical check-ups and grooming services. Remember that animals are not allowed to ride on most kinds of public transport. If you do not own a private car, you should be prepared for the price of a taxi or a van, which ranges from a dozens to a few hundreds of dollars. You might get a discount if you are a regular customer.
5. Hire a Pet Sitter if you are a Frequent Traveler
You can ask your neighbors or friends to help you take care of your pets when you’re away. However, it might not be such a good idea if they have never owned a pet.
Pet sitting services would be great alternative for you. When you’re abroad, not only will pet sitters play with your pet, they will also make sure your pet take medicine on time and keep the living environment clean and hygienic. Most importantly, they will look after your pet in case of emergency. Some people believe they don’t need professional pet sitting services but end up finding themselves in face of costly problems when they return. For instance, they might find that their dogs have a flea infestation or have bitten someone when taken on a walk.
Pet sitting services cost more than $150/ hour in Hong Kong. You should hire someone reliable and trustworthy instead of the cheapest service provider.Of course, your friends or neighbors could be a great help if you leave for a few days only. However, you’d better hire a professional pet sitter if you will be gone for a longer time.
Another possible option is pet hotels, which generally charge around $100-$300 per day, depending on type and size of your pet, the number of overnight stay as well as the room type. The hotels usually provide nursing, grooming and pick up services too. But be careful when choosing the most suitable hotel for your pet as additional fees will be charged for these services.
Wanna travel with your pets?
Read More: You CAN Holiday with Your Dog!
Find out the best medical plans for yourself by using our powerful comparison tool!