Financially Preparing for Pet Adoption

Falling in love with animals can be so easy. One look at their sweet face, the cute mannerisms they have and the companionship they so kindly provide, it’s no wonder many people adopt a pet from a place of emotion before they acknowledge the expenses that come with that ball of fur. You will be doing yourself and your potential new best friend a favor knowing what you can afford before going to the shelter and letting emotions strike. Consider the following before adopting your new furry household member:

Expenses before emotions

Take a trip to a local pet supply store to add up all expenses for your potential pet before setting out to find your new furry friend. It is better to wait a little longer to adopt while saving up, rather than go into adoption too soon and not being able to provide for your pet. This animal will be a member of your family, prepare beforehand for them so it’s a smooth transition.

Adoption fees and vet expenses

Upfront adoption costs may not seem daunting but remembering that those are the least of your expenses can be wise. Consider the age of the pet you would like to adopt and its current health condition. A pet of an older age may require more vet visits, medications, and/or treatments, which can all lead to more expenses. That being said, even the youngest and healthiest of pets can get themselves into trouble and require an expensive visit to the vet’s office. It’s best to be prepared.

Prepare and start saving now for future vet expenses. While there are some you can prepare for ahead of time (vaccinations, preventative care, spay/neuter operations, annual exams), there are times animals need care in ways you may not have considered. Pet insurance can be beneficial but keep in mind you will still have out-of-pocket costs and deductibles to meet.

Do your research on the breed of animal you are hoping to adopt. While their temperament and personality are extremely important when considering them as a fit into your family, medical conditions they may be prone to and your financial ability to treat should be a vital part of your decision as well.

Travel expenses

Boarding your pet may seem like the best option if you travel often but keep in mind it can be costly and many facilities have vaccination requirements that must be met before their stay. Another thing to consider is the amount of time your pet will be left alone. Consider an animal daycare for pet socialization while you’re out but keep in mind this is another expense you will need to have in your budget for your pet best friend.  

Food and entertainment expenses

Consider the cost of daily feedings for your pet. Just like with humans, a healthier day-to-day diet may save you medical expenses in the long run. Talk to your vet about a diet that is best for your pet and research the costs of their recommendations to make sure you can provide what they need.

No matter the species, when pets become bored, they are more likely to turn your personal belongings into their own toys, so investing in toys and entertainment items upfront is a good idea. Just in case, prepare financially for damages that often occur at the expense of bored pet.

At the end of the day, adopting a pet and coming home to them may be the best thing to ever happen to the both of you. You are their provider and they depend on you, so making sure you can afford the good and healthy days alongside your pet, as well as the down and unexpectedly expensive days as well will set both you and your pet up for success.


Jessica Teszlewicz

About the author

Jessica Teszlewicz is a Financial Educator at Tinker Federal Credit Union. Jessica earned her bachelor’s degree in Secondary Education from New Mexico State University, where the fire for education was ignited and fueled an 11-year career in public education. She joined TFCU in 2022. Learn more about TFCU’s Financial Education team here.

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