Win­ning from los­ing

Townsville Bulletin - - NEWS -

PET own­ers are spend­ing a small for­tune on furry friends – some­times more than they spend on them­selves.

The new Choosi Pet Re­port has re­vealed that one in four pet own­ers are us­ing be­tween 10 and 30 per cent of their dis­pos­able in­come on their dogs and cats.

Food and med­i­cal ex­penses take the big­gest hit on the hip pocket. On av­er­age, own­ers are spend­ing about $ 115 per month to look af­ter their furry friends.

Dog and cat owner Ja­son Hud­son has a house full of pets, in­clud­ing five cats and a dog, which cost him more than $ 100 to look af­ter.

“I spend about $ 70 per week on cat food, $ 20 on kitty lit­ter, $ 10 a week on toys for them and about $ 20 a week on dog food,’’ he said.

“A cou­ple of the cats had teeth is­sues and that cost about $ 1200 in vet fees. If they need any­thing they will get it: they are a great group of an­i­mals but it can be ex­pen­sive if there’s an is­sue.”

Choosi spokes­woman Ka­t­rina Fos­ter said the re­port showed many pet own­ers did not mind splash­ing out on their pets, and food and medicine were the big­gest costs.

“Just un­der 50 per cent of pet own­ers do recog­nise that it is a fi­nan­cial bur­den but equally they want to spend more on their pets,’’ she said.

“Dog own­ers typ­i­cally spend more than cat own­ers, so when de­cid­ing what pet to buy this is an im­por­tant con­sid­er­a­tion as well as the breed.”

The re­port found the av­er­age cost of buy­ing a pet is $ 492.

Aus­tralian Ve­teri­nary As­so­ci­a­tion CEO Gra­ham Catt said there were many so­cial, phys­i­cal and men­tal health ben­e­fits to con­sider as well as the costs be­fore mak­ing a pet part of your house­hold.

“There is no Medi­care or Phar­ma­ceu­ti­cal Ben­e­fits Scheme for pets so any­one think­ing about get­ting a pet needs to take ve­teri­nary costs into con­sid­er­a­tion,’’ he said.

“It takes more than food and shel­ter to look af­ter a pet prop­erly.”

He also sug­gested sign­ing up to pet in­sur­ance and hav­ing ded­i­cated sav­ings plans for your pet.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.