The Importance
of Financial
Planning for
Pet Owners

A survey conducted in the USA found that while over 71 million houses in the country currently have at least one pet, relatively few of them have a budget for their animal companions.

By: Drh.Mikeu Paujiah, Dipl.Montessori
Translator: Anastasia Merry Linda

The majority of issues pertaining to pet owners’ responsibilities might be brought on by a lack of preparation in this area. It is imperative for pet owners to be aware that the demands of their animals closely resemble those of humans. Animal pets require a healthy diet, a safe place to sleep, regular vaccinations, regular veterinary care, the cost of installing a chip, and, in the worst case scenario, the death of the pet owner. Their behaviour may also require some dog training

The most crucial and necessary tool for evaluating a pet owner’s capacity to care for their animal is a financial plan. Even if you ultimately learn that you are unable to keep a pet, you can still volunteer as a foster parent for an animal shelter.

Source: 

Iris Tanner,Practical Financial and Estate Planning for Pets, nhdogs.org
Tina cha, A Financial Guide for New Pet Owner, gobankingrates.com.2023
Valerie De Vol, financial-planning-for-pet-owners.Wrapmanager.com

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