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JoAnna Lou
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Budgeting for Dog Expenses
The ASPCA and Mint.com calculate annual and monthly pet costs
JoAnna Lou [3]
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August 18, 2011

Dog lovers don't need a survey to tell us that we spend a lot of money on our pups. But exactly how big is our pet budget?

The ASPCA calculated basic annual expenses for a variety of pets [4] (not including one-time purchases, like a crate or leash). According to their survey, the average medium dog incurs the following costs per year:

Food - $118

Recurring Medical - $236.30

Toys/Treats - $55.60

License - $13.90

Health Insurance - $222.40

Miscellaneous - $41.70

I don't buy pet health insurance, but I know that I can easily spend over $400 on medical bills for one of my dogs in a year. And I definitely spend more than $118 per dog on food. Let's not even get started about agility classes and trials!

Personal money management website, Mint.com [4], also looked at pet spending through their users. They found that the average person in the United States spends $112 per month on their pets (note that this number is for all pets in a given household). They also looked at variation by city. San Francisco spent the most money, $148 per month over the national average.

Obviously, there are many things that influence these numbers, but it's a good start to get people thinking about pet related expenses before they add a dog to the family.

How much do you estimate that you spend on each of your dogs in one year?

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Graphic by Mint.com [4].


Source URL (retrieved on 6/19/2013): http://thebark.com/content/budgeting-dog-expenses?page=show

Links:
[1] http://thebark.com/print/3929?page=show
[2] http://thebark.com/printmail/3929?page=show
[3] http://thebark.com/category/author/joanna-lou
[4] http://www.mint.com/blog/how-to/considering-pet-ownership-heres-how-much-to-budget-082011/?display=wide&cid=soc_fb_bloglink_consideringpetowernshiphereshowmuchtobudget_081511