When you’re face to face with an adorable animal, it’s easy to fall in love. You’re not thinking about what it will cost to feed, train and groom that little (or large) ball of love. Let alone what your vet bills, monthly meds and the occasional pet sitter will cost.
My colleague Kathleen Stevens of Balliett Financial Services had a great story about choosing her Newfoundland. From start to finish, she did her homework, researching breeds, visiting dog shows and asking questions.
To drive home the importance of doing your homework, Kathleen cites a recent article in the New York Times that says that between five and seven million pets end up in shelters each year. The responsibilities – and cost – of pet ownership are a big part of the reason.
So stay away from temptation until you’re sure you know what your long-term commitment looks like. Kathleen can help you figure it out.
From buying a pet to moving to a new retirement community, make sure you are planning for all of your financial goals with professional help. Contact us today, subscribe to our award-winning monthly e-letter, “The View From the Porch,” or check out our Resources page for more info.