(MoneyHippo.com) – When someone labels themselves as a dog or a cat person, they’re usually referring to their preference for the animal’s personality. No matter which pet you choose, it might be wise to consider the cost of a companion before making a final decision. Thinking about how much the pet will cost involves more than just the initial price — even if the pet is a free adoption. Making a head-to-head comparison is the best way to determine which one might drain your budget less over their lifetime.
The initial costs of bringing a dog or cat into your home can vary widely depending on where you live and what breed you acquire. However, cats tend to be cheaper in this regard. According to MarketWatch, the price of adopting, buying toys, a bed, litter box, and other necessities for a cat can run a new owner between around $700 to $3,000, whereas a dog adoption and setup could cost between an average of $1,000 to $4,500.
Cats eat less food, so that cost is also lower, and vet fees tend to be lower as well. These annual costs for felines can range from $300 to $1,450 and around $500 to $3,500 for canines.
If you like to travel, you’ll want to consider the cost of boarding your dog. Typically, cats are more self-sufficient when their owners are away.
Clearly, cats are less expensive to acquire and maintain than dogs in general, but each life is unique, and so are circumstances. Mishaps can cost a bundle for any animal. While it’s important to plan financially for the new addition to your family, you never know how much the pet will actually cost over the long haul, so it’s best to choose with your heart rather than letting your wallet choose entirely.
Copyright 2022, MoneyHippo.com