Article | 2:49 min read

Budgeting for Dog Ownership: Part I

Budget and Save

Adding a four-legged friend to your life provides a number of benefits. Owners of canines get sick less often, and tend to live happier and healthier lifestyles, noted Mental Floss, a lifestyle magazine. If you have been considering investing in a pooch for your family, it is important to know how to save, budget, involve your children in the process and figure out how to pick the perfect pup. 

Follow these tips if you know you're ready to make a commitment to a furry friend the whole family will adore: 

Financing for Fido 
Aside from the purchase price of a dog, there are other expenses owning a pet will accrue. It's important to understand how your finances will be impacted by a four-legged family member so you can plan ahead and ensure you have funds to support your pup. 

The kind of dog you decide to get and where you purchase it will affect how much money you will spend. For example, purchasing a puppy from a breeder will likely require more money and a larger time commitment than rescuing an adult dog from a shelter. 

Adopting a dog might cost between $500 to more than $1,000 if you are looking for a pure bread, according to Pet360. However, adoption fees from a shelter are less and typically include the cost of pet care as well. In addition, you and your family will need to think about the cost of food and veterinary visits. You will want to consider all of these factors before committing to a pup. 

Decide on a Dog 
Figuring out what type of dog you and your family want will help you figure out exactly how much money you will need. Consider some the following factors, recommended by the American Kennel Club: 

  • Gender 
  • Age 
  • Size 
  • Temperament 
  • Grooming needs 

Gender will matter more if you plan to breed or show your dog. Otherwise, you will likely want to spay or neuter your pup and eliminate any differences between the sexes. 

Investing in a puppy is great because you and your family will be able to raise, train and socialize the dog the way you would like. However, it is important to keep in mind these adorable young dogs will also require a great deal of time and attention. It is important everyone in the family understands what training and caring for a small puppy entails. In addition, a puppy is more likely to chew on furniture or shoes. 

Mature dogs will have fewer needs and might already be trained to some extent. A busy family might benefit more from adopting an adult dog. Older dogs tend to be more calm as well. If you have very young children, finding a calm, old dog might be a better investment than a hyper puppy that requires more attention. 

Families will want to consider breeds who align with their lifestyle. Size, temperament and grooming all matter when it comes to deciding on a dog. If you have young children, a small jumpy dog might not be the best option due to their nature. If your family tends to be very busy, finding a dog that doesn't require a high number of visits to the groomer might fit your needs better. 

If your family feels you want to invest in a loyal canine that will also act as a live security system, you can find breeds that are especially protective of their owners. 


The information provided in these articles is intended for informational purposes only. It is not to be construed as the opinion of Central Bancompany, Inc., and/or its affiliates and does not imply endorsement or support of any of the mentioned information, products, services, or providers. All information presented is without any representation, guaranty, or warranty regarding the accuracy, relevance, or completeness of the information.