I see posts on here by struggling people scrounging money to pay for rent or emergency bills that come up. And yet one massive expense they don't seem to realize is that pet ownership is a LUXURY. If you're 20 year old student or right out of college then why are you owning a pet? You're burdening yourself with potentially thousands or more in yearly expenses that will only hurt your personal finances in the long run. You have to not only have an emergency fund for yourself but what if your pet falls ill and needs $3,000 in vet bills? Add to that Toys, food, checkups etc... 9/10 times these people dump the unwanted pet on craigslist or a shelter when they realize they have to chose between paying rent and paying for fido. A very heartless thing. Instead, of thinking ahead before getting a pet in the first place.
When should you get a pet? After you 1) Have a stable job 2) Have little to zero debt 3) Invested in an emergency fund for yourself 4) Started investing in long term retirement. After that, then you make the assessment and budget out: Do I make enough extra income each month to pay for pet food, toys, vet checkups and save a bit for an pet emergency account or monthly medical insurance incase Fido get's ill? If you can say yes to all those then by all MEANS you can get a pet.
Submitted December 02, 2017 at 04:31PM by logan343434 http://ift.tt/2ArhvkC
