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Bark If You Want to Save on Pet Costs

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Nearly two out of three American households own pets, which might not surprise you, depending on how diligently your neighbors clean up after their dogs. But did you know the humans in those 73 million households will spend just a whisker under $51 billion this year on food, vet visits and squeaky toys, according to the American Pet Products Association? That's a lot of puppy chow.

It's easy to overlook the significant impact a pet will have on your budget, especially when you're busy potty training the pooch. That's why we've gathered a handful of cost-saving tips that might work for you. Don't worry, no animals were harmed while this list was being compiled.

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  • Get annual check-ups at the veterinarian since your pet ages about seven years in 12 months. Early detection of a bad tooth, for example, could save you hundreds of dollars over time.
  • That said, shop around for a vet because rates vary dramatically for both routine exams and emergency visits. You'll find low-cost vaccinations at some pet stores and shelters.
  • Human medications are the most common pet poison, especially ibuprofen and cough syrup. Keep Coco safe from pill bottles and spilled liquids. (And other toxins like anti-freeze and rat or ant poison.)
  • Discount prices on pet toys and medications abound online, but be sure to factor in shipping costs. Watch for close-out sales at pet stores.
  • Save boarding charges by having family and friends pet-sit while you're away. But be sure to have plenty of people snacks on hand.
  • Consider buying a new pet at an animal shelter, where the costs are low and usually include vaccinations and spaying or neutering.
  • Shop for pet insurance, but be sure to compare different policies carefully. Insurance isn't right for every pet owner, but you might reduce your vet costs.
  • Do the math when choosing a pet. A large dog will cost more over time than a small one. Same goes for fish. We found this simple pet cost calculator for fun.
  • Finally, regular exercise is just plain smart for both you and your best friend. It helps reduce your stress level and blood pressure, which can prevent visits to the human doctor.

Other Resources

If you want to save on more than vacation, use these tools:
  • Find entertaining daily tips with practical things to do and ways to save based on your age bracket.
  • Use our nifty calculator to tally what you can save if you change one thing.
  • We offer free financial education workshops on a range of topics offered in communities across the country. Check out workshop descriptions and find an event in your area.

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Insurance products issued or offered by Thrivent Financial for Lutherans, Appleton, WI. Not all products are available in all states. Products issued by Thrivent Financial for Lutherans are available to applicants who meet membership, insurability, U.S. citizenship and residency requirements. Securities and investment advisory services are offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415, a FINRA and SIPC member and a wholly owned subsidiary of Thrivent Financial for Lutherans. Thrivent Financial representatives are registered representatives of Thrivent Investment Management Inc. They are also licensed insurance agents of Thrivent Financial.

Bank products and trust services are offered through Thrivent Financial Bank (Member FDIC, Equal Housing Lender), a wholly owned subsidiary of Thrivent Financial for Lutherans. Insurance, securities, investment advisory services, and trust and investment management accounts are not deposits, are not guaranteed by Thrivent Financial Bank, are not insured by the FDIC or any other federal government agency, and may go down in value.

Last updated: October 18, 2011