The Hidden Costs of Owning a Dog: What You Need to Know

 

So, you’re gearing up to add a lovable doggo to your family? How exciting! Before you fetch the full adventure of pup parenthood, let’s dig into the hidden costs that come with having a furry friend. A little insight now will help you avoid any unexpected surprises! Oh, the hidden costs... It’s a bit like discovering that your new puppy has a hidden talent for turning every walk into a treasure hunt—only this treasure hunt might lead you straight to your wallet.

 

A recent study conducted by Paction during the Spring and Summer revealed that 67% of dog owners didn’t even attempt to calculate the ongoing costs of owning a pup before making the plunge into pup parenthood (see the Ultimate Dog Cost Calculator). BlogTO took the opportunity to speak to dog owners at the latest Mutts in the 6ix event, and the numbers tell a story of large variation.

 

 

 

The first year with a new dog can hit your wallet harder than that adorable puppy's begging eyes. You’ll need to budget for essential vaccinations, spaying/neutering, and microchipping. We can’t forget good behaviour; the first year is all about getting your pup trained, and while costs vary between group classes and private sessions, don’t expect the fees to be a walk in the park. Starting out with high-quality supplies like a cozy, long-lasting bed (which reduces joint issues), a sturdy leash and collar, and a selection of fun and cognitive toys makes a big difference. Spending the money here will save your wallet from future costs that can arise from a lack of training and an under-stimulated dog. If you choose to get insurance for your dog—and for me, the peace of mind it brings is priceless—you can expect to pay anywhere from $70 to $400 per month, depending on the coverage you select. As you can see, all these costs add up quickly, making that first year of dog ownership one of the most expensive.

 

 

Many dog owners are surprised by the importance and cost of professional grooming, teeth cleaning, bathing, haircuts, nail trimming, and ear cleaning. Take poodle mixes, for instance—adorable but high-maintenance. If you’re up for the challenge of grooming your dog at home, be prepared for some serious time investment and technical skills. Some tasks, like cleaning ears, are tricky and essential to prevent infections.

 

 

Large breeds are lovable but come with their own set of financial challenges. They eat more, which means higher food costs. If your dog has special dietary needs—like a taste for kangaroo meat, grain-free options, a raw food diet, any food sensitivities, or prescription diets—the costs can soar higher than a collie chasing a frisbee.

 

 

To keep your dog healthy and happy, regular vet check-ups, vaccinations, dental care, and parasite preventative medication are essential parts of ongoing wellness care. An unexpected emergency can really throw a wrench into your budget. Some breeds are prone to chronic illnesses, which means extra vet visits and medications. Last year, after a routine walk on a clear sunny day, my dog Layla got something stuck in her eye, which resulted in a trip to the vet. What were the costs involved? An exam to be seen by a new vet, diagnostics, sedation, a procedure to get this object out, and eyedrops for the aftercare. Final cost—$450. This is on the low side for what the average dog owner might rack up in surprise vet visits.

 

One of Layla’s significant monthly expenses is her dog walking and sitting services. Due to her high anxiety, she can’t be left alone for extended periods or handle air travel. Whether I’m at the office, traveling for work, on vacation, or visiting friends or family who prefer not to have dogs around, the cost of maintaining her care can add up faster than a greyhound at the track.

 

As your dog ages, you will likely need to invest in special diets, joint supplements, and frequent check-ups. In an ideal world, your dog lives a VERY long and happy life, but after a number of years, there’s the financial burden of end-of-life care that we don’t want to think about, including hospice, euthanasia, and cremation or burial services. It’s a lot, but being prepared can ease the stress during what can be a tough time.

 

 

Owning a dog is like living with your bestie—someone with whom you’ll share life’s greatest joys and downtime together. But before you take the leap into the wonderful world of wagging tails and warm cuddles, make sure the math adds up. Are you really ready for the financial fun that comes with it? Adding a new family member is a big deal, and you’ll want to be prepared for the costs that come with all that boundless joy. So, grab a treat, do some homework, and check out Paction’s Ultimate Dog Cost Calculator for a clear picture of what to expect!