Free Ebook.

Enter your email address:

Delivered by FeedBurner

« Star Money Articles for the Week of Dec. 18 | Main | Save Money on Prescription Drugs by Asking for an Older Pill that Does the Same Thing »

December 22, 2006


Feed You can follow this conversation by subscribing to the comment feed for this post.

Deciding to own a pet is a considerable commitment, personally I like cats and we've got one but they are expensive and cats for the most part are pretty self sufficient (especially indoor cats). I think people forget all of the hidden costs that they don't consider when they get an animal. Good Post.

But you will probably learn, much, much more from the dog. ;-)

A dog equals college tuition? Only if you buy a dog every year for the 18 year period, and then kick it to the curb at the end of the year.

These are first-year costs, which are significantly less than "maintenance" costs (depending on what you want to spend on health care for a pet in it's old age), I imagine that most of the listed cost for a fish involves an aquarium, an air filter, etc. And they also seem to be based on a high-end of expectations.

My dog costs me about ten bucks a month for food, and I only bring him in to the vet when I think he needs it (less than once per year). I do my own grooming, too, so I wind up only a couple hundred dollars out of pocket for a great companion. If I could trade him off for college tuition for a child, I might consider it, but that's not the reality of the situation...

Actually, these costs are close to what a pet costs per year according to the SPCA. See this post for details:

As far as paying for college, consider owning two pets at a time over 40 years (you'd go through several pets of course). Calculate the cost at $1,000 per pet per year. Figure out what that would be worth if it had been invested.

Pay for college? Easy.

On the other hand, having a pet can provide you with entertainment and improve your mental and physical health. And as a plus, cats keep mice and insects from getting into your home. We're better off spending a little money every year on our cat, and not renting movies, buying 5-dollar lattes, candy, cookies, potato chips, beer, and so forth.

The comments to this entry are closed.

Start a Blog


  • Any information shared on Free Money Finance does not constitute financial advice. The Website is intended to provide general information only and does not attempt to give you advice that relates to your specific circumstances. You are advised to discuss your specific requirements with an independent financial adviser. Per FTC guidelines, this website may be compensated by companies mentioned through advertising, affiliate programs or otherwise. All posts are © 2005-2012, Free Money Finance.