They bring endless joy, love and companionship to our daily lives which has rightfully earned them the title as “man’s best friend”.
Dogs, and cats, play important roles in the family dynamic and you want to be able to give them the best care possible, which can be costly. Just like members of the human family, they might fall ill, injure themselves or have special dietary requirements…which could leave you with hefty vet bills.
Whether you are already a pet parent or are considering becoming one, JustMoney.co.za have put together three points to help you navigate and prepare for the possible financial implications:
Purebred pooch or pavement special pup?
If you are dreaming of a French Bulldog or a King Charles Spaniel, you will need deep pockets as a registered purebred pet can cost up to R70, 000…and that’s just the beginning. Vaccinations, deworming, sterilizing, microchipping, a bed, pet food and tick and flea treatment can easily cost another R10, 000. Then you need to look at grooming requirements, depending on the breed, and socialisation classes. Adopting a pet from a reputable animal rescue organisation, on the other hand, will probably cost around R1000 and usually includes sterilisation, vaccination and deworming.
Save up for emergencies
Your pet might be attacked by another animal or get a bone stuck in its throat which will require immediate veterinary attention. Don’t let these unexpected vet bills catch you off guard, by setting up an emergency fund. Financial experts recommend saving three to six months’ salary to handle unplanned expenses.
Think about pet insurance
Taking out pet insurance has become an increasingly popular trend for pet parents. Take time to research the different options and compare the plans offered by the various insurance companies to find the best solution for you and your pooch. Pet insurance quotes are generally based on your furry’s age, species and breed. Read the fine print to make sure you understand how your pet’s insurance works. For example, you have to submit claims on behalf of your pet, not your vet. Check what the excess amount is and which treatments are covered to prevent any unforeseen costs.
