The Office of National Statistics estimates that British pet owners collectively spend around £86 million on the pets every week. Individually, that’s around £22,500 on a single dog over his lifetime, £9,000 for a cat and over £4,000 for even a rabbit. Don’t let that put you off owning an animal companion, however. Here are some tips for lowering the costs.
1. Choose Your Pet Carefully
Rather than popping down the local pet shop for your new pooch, consider taking in a rescue animal instead. This is obviously better for him, but will mean you save a tidy sum too. Wherever you buy your pet, think about how much it will cost you first. Going for a pedigree animal could cost 34% a year more than a lower breed.
2. Shop Around for Pet Insurance
Just as with car or home insurance, prices can vary for pet insurance, so shop around to make sure you get a good deal. Don’t just go for the cheapest policy, however – make sure your pet will be properly covered, as having to pay for long-term illnesses could cost more in the long run.
3. Don’t Skimp on Pet Food Quality
Pet foods are available across the full range of the price scale. However, opting for a cheap pet food could only cause you (and your pet) other problems. Cheap pet foods are usually made from unnecessary and unhealthy ingredients which can lead to health problems in your pet – and expensive vet bills! To save money, instead buy quality foods in bulk, as bigger packets will be cheaper.
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