Ways to financially prepare for a new pet

A pet can be much more expensive than some realize. Between the vet visits, food and toys, all the costs can add up to huge amounts. Taking on a new pet without first preparing financially can cause a huge drain on the wallet. When you know you're going to be adopting a pet, there are several ways to get a head start so you can save yourself plenty of the money in the long and short term.

Establish a pet fund

When you start up your pet fund, the first thing you should do is make sure you put aside money for the adoption fee as well as the initial vet visit. From then, you can continue to put in money for additional vet visits just in case. It may seem silly, but at any time the pet might need to go to the vet and it can cost you hundreds or thousands of dollars. Consider also looking into pet insurance depending on the type of pet you have.

Start cutting coupons

You probably already know the type of pet you want, so start cutting coupons ahead of time for any food or supplies for that animal. You'll be able to have a variety to choose from by the time you get your pet and you can decide on the coupons that will be of use.

Price compare vets

If you don't already have a vet or you're looking for one who deals with the type of pet you'll be getting, do your research to find one who is not only nearby and reputable, but also one who is within your budget. Ask around for recommendations if you're unsure of who to choose.

Stockpile pet supplies

I can't explain how important it is to stockpile supplies before you adopt a pet if you want to save some money. You're going to go through a lot of supplies throughout that animal's life and creating a stockpile allows you to take your time buying items on sale rather than having to buy them all at once right after you get your pet.

However, I wouldn't recommend getting dog food or treats before getting the pet. The animal might need a certain type of food and have to follow a specific diet, so if you buy the food items beforehand and the animal can't eat it, you'll be stuck with a bunch of items you can't use.

Take a grooming class

You'll have to shell out the initial cost for a grooming class, but you'll be saving yourself quite a bit of money in the long term. If you're getting an animal that will require regular grooming, knowing how to do it yourself can prevent you from having to shell out the cash each time to have someone else do it.

You may be tempted just to wait until you get the pet, but it really can save you quite a bit of cash if you plan ahead of time. Start out by making a list of what you need, compare prices and you'll be all set when your new pet arrives.

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