This is the fifth in a series of articles by CommunityAmerica Credit Union. The series will tackle personal debt by planting the seeds of savings and making smart downsizing choices. For some, this may be a way to get started on a positive foot. For others, it’s a chance to start over after years of overspending. Regardless of your reason, we’ll help you navigate how to downsize realistically.
Oh, our beloved pets. Can’t live with them, can’t live without them. If you love your pets as much as we do, then they are truly part of the family. But owning a pet doesn’t mean your fur babies should own your budget. We’ve got some tips on affordable pet care that are sure to lower your monthly spend on Fido.
More in the series:
- How your Social Calendar is Ruining Your Budget
- Reducing your Food and Dining Out costs
- Downsizing your Assets
- The Tricks to Realistically Downsize your Home
Invest in Grooming Equipment
If you have a dog, most of them require regular grooming. However, if you’re willing to roll up your sleeves, you can really save some money by investing in your own grooming supplies up front. Trimming scissors, nail clippers, a flexible shower hose and hair trap (if needed) are all available at pet supply stores. Keep an eye out for specials and sales that can help you save on your purchase.
Shop around for Food
Many pets, especially as they get older, require a special diet to maintain a healthy lifestyle. If you see price tags in the store that make you cringe, don’t fret. Many pet owners actually find cheaper costs through Amazon. If you can snag a better deal online, consider buying in bulk to spare your wallet long-term.
Make your own Essentials
Pets can be like kids. You buy them an expensive toy, and they play with the box it came in. Keep this in mind at the store and skip the aisles filled with pricey toys and supplies. Did you know that dogs LOVE the scent of their owners? Instead of a $50 dog bed, give them a pillow that you’ve used. It will be an instant hit!
You’d also be surprised at how far an old piece of thick rope goes. If you’re concerned about damage, think of how bad you’ll feel spending $20 on something that’s shredded in moments. If you have a cat, the ever popular cat hotels can be a money trap, too. Paper towel rolls wrapped with remnant carpet get the job done!
Is Pet Insurance Worth It?
This is a tough one. As is the case with any insurance, you may end up paying a lot for coverage that goes unused. This is a good problem because it means your pet is healthy. However, that may not be the case as they age. If you decide to invest in pet insurance, buy in when they are young and the premiums are lower. If not, set some money aside monthly into a pet care budget. If your pet begins to need regular vet care, the money will be there for use.
If it’s possible to love your pets any more, it may be because you discovered smart ways to manage expenses. Use these tips and you’ll be well on your way to a financial pet paradise.
Up next: Believe it or not, bills aren’t non-negotiable. Sure, you probably won’t have much luck bartering a lower rate with your utility providers. But when it comes to cable and other line items, there’s plenty of wiggle room to save money each month.
The blog and its opinions are expressly that of its author and does not convey the opinions or strategies of the Credit Union and should not be considered financial advice.