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  • Writer's pictureDavid Greenfield

6 Financial Tips for Getting a Dog

Updated: Jan 31, 2023

Bonus Tip: Extra Rent

Bringing a dog into your home is a big decision that should not be taken lightly. Not only does it require a significant amount of time and attention, but it also comes with financial responsibilities. This article breaks down the key things you should consider from a financial perspective when getting a new furry friend.

Here are six financial tips to keep in mind when getting a dog:

1. Be prepared for expected and unexpected vet bills: The average vet visit cost is around $300, but emergency visits can cost in the $ 1,000's. Make sure you have enough savings set aside to cover these unexpected expenses. It's also a good idea to research different veterinary clinics and their prices, including any 24/7 vets. You should have a plan and a place to go in an emergency. Even just the general expenses of a dog, such as heartworm medicine, flea prevention, etc., can be $100s a year.

An emergency fund of 3-6 months of expenses can cover an expense like this.

2. Research the cost of different breeds: The average price of a purebred dog is around $1,200, but some breeds can cost much more. Consider adopting a dog instead of buying one. Adopting is a more cost-effective option, and it helps dogs in need find a loving home. The average cost of adoption is $300.

3. Consider Pet Insurance: Generally speaking, pet insurance is not worth it for most people. However, it is worth considering as it can help cover unexpected medical expenses.

The average cost of pet insurance is around $360-600 a year.

4. The daily expenses like Food, Toys, Treats, and Grooming: Feeding a dog can cost around $300 a year, grooming can cost about $500 a year, and toys can cost about $240 a year. Make sure you factor in these ongoing costs when considering getting a dog.

The average yearly expense for daily expenses is about $1,000 a year.

5. Training cost: Training a dog is excellent for the dog's behavior and is also good for the relationship between the dog and the owner. Dog training can cost between $50 to $200 per session, which can add up quickly. Consider the cost when planning to bring a dog home.

The average cost of Dog training in the U.S. is $100 per session.

6. Boarding cost: In case of a vacation or an emergency, you may need to board your dog. The cost of boarding can vary widely depending on where you live and the type of boarding facility you choose. Research the cost of boarding in your area and factor it into your budget.

The average cost of boarding is around $30-$50 per night.

Bonus Tip: Extra Rent:

Many apartments and even houses you rent will include a pet fee and the monthly rent. This can be as low as $20 or as high as $150, which can significantly add to your monthly expenses.

In addition, particular apartments won't even allow pets. Be sure to do your research before bringing home a furry friend.


The total financial expense of owning a dog can range from $1,800 a year on the low end to more than $5,000 per year, if not more.

A dog is a wonderful addition to any household, but it's essential to be financially prepared before bringing one home. With some planning and research, you can ensure that you're ready to provide your furry friend with the best care possible. Remember that a dog is a lifelong commitment, so make sure you're financially prepared before bringing one home.

Remember, please adopt, don't shop. You can find a dog for adoption here: Dog Adoption | Petfinder.


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