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Why adopting a pet could be the best option for your wallet

Author
Michael Sergel ,
Publish Date
Sat, 8 Jun 2024, 3:08pm
Photo / Getty
Photo / Getty

Why adopting a pet could be the best option for your wallet

Author
Michael Sergel ,
Publish Date
Sat, 8 Jun 2024, 3:08pm

Consumers are being warned “free pets” can end up the most expensive pets, as the price of getting and keeping a pet continues to rise.   

Latest Stats NZ data shows the price of pets and pet-related products has increased by 24.2 per cent – almost a quarter – in the last two years. 

The price of a can of pet food has increased by 34.8 per cent – more than a third. 

Veterinary care has also got more expensive, up 16.8 per cent – more than a sixth – over the two year period. 

The SPCA’s Scientific Officer, Alison Vaughan, said people should consider the costs involved in getting a pet from more informal sources. 

“We know that many people, especially when they’re getting cats, get them for free, but that can often end up being more expensive in the long run. 

“Adopt from a reputable rescue such as the SPCA, because the animals will come health-checked, vaccinated, snipped and chipped. It is a great way to start your journey as a responsible pet owner.”   

Consumer NZ Campaigns Adviser Abby Damen said while there are many inherent costs involved in having a pet, adopting a pet can be a way to save money. 

“Not only does it reduce the number of animals needing a home, but they’re often cheaper.” 

Damen said many animals end up in shelters because their owners are no longer in a position to care for them, rather than because there is an issue with the animal itself. 

She said it was often easier to set the personality of older shelter animals than puppies or kittens, and they require less of a long-term commitment. 

“Sometimes there is a misconception about the type of animals you will get from the shelter. Contrary to popular belief, they’re often well-behaved animals.” 

Research by PD Insurance suggests almost half of pet owners are spending more than $1000 a year on their pets. 

Chief operating officer Michelle Le Long said prospective pet owners need to consider both ongoing costs and the up-front initial costs – whether that be a pedigree, mixed breed, hybrid breed, designer breed, or adopted pet. 

“What people don’t appreciate is even the initial set-up costs of getting a new puppy or kitten involves vaccinations, getting them a bed, a leash, a food bowl, getting them neutered or spayed.” 

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