My Finance Blog

Some hidden expenses of owning a pet

Three in five households own a pet, with close to 40% taking care of a dog, and 30% a cat.

Taking on the responsibility and care of owning a pet can be a rewarding experience, offering unmatched companionship and unconditional love (in the case of a dog, anyway).

But before you take the leap into pet-ownership, there are expenses that you might not have considered.

MoneySmart has compiled an excellent infographic breaking down just how much owning a pet might cost you per year, tallying expenses such as food, vet bills, grooming, insurance and more.

View the infograph here, along with a written breakdown of the statistics.