Sadly, during challenging economic times, more pets are surrendered to animal shelters simply because their owners can no longer afford them. Dogs make wonderful family companions, but being a responsible dog owner also means recognizing the financial responsibility of owning a pet.
Intuit Turbo offers some helpful information about the costs of dog ownership. For example, the annual cost of owning a medium-sized dog is estimated to be almost $900. Veterinary care can add up -- especially when it's estimated that 1 in 3 pets require an emergency vet visit every year. And, here's a statistic that may shock you: 42 percent of millennials have been in debt for a pet.
In its financial guide, Intuit Turbo displays a table of common pet expenses and a pet adoption decision chart, along with detailing six tips to help pay for your pet. Check it out here: https://turbo.intuit.com/blog/financial-planning/pet-financial-responsibility-6172/
Image: Intuit Turbo