Thinking of Getting a Dog? Make Sure You Can Afford It

Thinking of Getting a Dog? Make Sure You Can Afford ItHave you been thinking about getting a new furry friend? Let’s cut to the chase…dogs are expensive. For many people having a dog is a a huge joy and more than worth the money it costs to raise them. However, it is important to consider all of the expenses of owning a dog, some of which are quite costly and last the lifespan of the dog. A dog is a living being, and requires all of the care and costs of raising one.

You might have already budgeted for the cost of purchasing your dog and all of his or her necessities. But are you fully prepared for what is ahead after making the big decision official? 

One-Time Expenses

Once you’ve chosen your new pet, there are a few things that you’ll need to take care of early on. These are:

  • Spaying or Neutering – $200
  • Initial medical exam – $70
  • Collar, leash, crate, and other supplies – $185
  • Training – $110

Approximate average of one-time costs total : $565

Annual Expenses

Getting a dog is not unlike having a child. In addition to the initial costs, there will be several recurring costs that you will need to pay in order to give them a good life.

  • Food – $120
  • Annual medical exams – $235
  • Toys and treats – $55
  • License – $15
  • Pet health insurance – $224
  • Canine Liability Insurance  – Ask your agent for a quote
  • Miscellaneous extra costs – $45

Approximate average of annual costs total: $695+

The total first year costs of owning a dog is roughly $1,270. Note that this is not including the purchase of the dog, as purchase costs are highly variable. The actual cost could easily exceed this estimated figure.

Further Considerations

There is nothing like owning a dog. Many people consider it to be a truly fulfilling experience. However, it is common for people to misunderstand the total cost of owning a dog and only think about the cost of pet food. Unfortunately, since pet food is all most people think about, they are so shocked by everything else. Oftentimes new dog owners did not know what they are getting themselves into and it is more expensive than they thought. 

Think about regular veterinarian visits, obedience classes, fixing up your house to be dog-friendly, and more.

The average cost of owning a dog can cost anywhere from $500 to $2,000 or more annuallyThis really is a significant amount of money so if you cannot afford the costs of owning a pet, then you should wait to adopt one.

Please make sure you and your family’s financial obligations are taken care of before taking on the cost of adopting a pet. No pet deserves to be surrendered at an animal shelter, so if you are upfront and realistic with your financial obligations, you can prevent another pet from being given up and losing their family.


About FIDO

There are many reasons a dog may bite, and it’s not always 100% preventable. In addition to financially protecting dog owners from dog bite claims, our Canine Liability Policy also covers other injuries to people, including scratches and fall injuries caused by dogs and injuries to other animals. Please contact us today for more information at (407) 865-7477, ext. 101.

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