After going over our budget for the next six months, I realized that our dog is now one of our biggest monthly expenditures.
Not long ago my husband and I managed to pay off our auto loan and our last credit card balance months earlier than expected. Now, we are left with our mortgage payment, as well as our monthly and yearly payments like electricity, and property taxes. However, surprisingly, one of our biggest monthly expenditures is our 6-year-old beagle.
Here are some of our pet expenses, and what they cost us each month.
Most 6-year-old dogs do not require regular medication, but our dog has had to have two major leg surgeries, so she requires a daily joint supplement to help control the arthritis caused by her injuries. We were buying a very expensive joint supplement, but after a short conversation with our veterinarian we learned there was a cheaper brand available. Her current joint supplement costs us $17 a month.
Additionally, she suffers from bad allergy symptoms that require regular medication. We were paying $30 a month for her prescription allergy medicine, but have switched to an over-the-counter medication that costs us around $13 a month.
This isn't exactly monthly expenses, but it is required by law. In order to get her license we have to pay $100 for a yearly checkup and vaccinations, and $9 for the actual license. When I break these two yearly expenses down into their monthly costs, they would cost us around $9.08 a month.
Every dog requires a certain amount preventive care to keep them healthy. For our dog that means taking monthly heartworm preventives, as well as a monthly flea preventive. The heartworm medication costs us around $7 a month, while the flea medication costs around $14. That means we spend at least $252 a year on preventive care.
In the beginning we were spending $30 a month for our dog's food, but her dietary needs have changed drastically, so that cost has gone up. We are now spending about $35 a month for a dog food better suited for her needs.
All told, our monthly pet expenses total around $95 a month. That makes the dog our fourth highest monthly expense. The truth is, these aren't even all of her expenses. She has other needs like toys, treats, as well as ear and foot care. I estimate that these additional expenses are around $25 more a month, which would bump her to the third biggest expense.
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- Banking & Budgeting