3 Signs You Can't Afford a Pet This Christmas (And Three Great Alternatives!)

I hear your kids and the big promises they’ve made to you. 

“Mommy! Daddy! Pleeeeease can we get a puppy?? Pretty pretty pleeeease??

If you get us the doggy I promise promise promise we will give him food every single day! I’ll even share my chicken nuggets!

We will take him on walks every morning and every night and I will pick up his poopies with the little bags even if they’re super stinky, I swear!

It’s gonna be the best thing ever! You’ll see! We’ll be the best doggy family in the whole world!

Can we get him today?? Pleeeeease??”

I’m personally a dog lover. I’ve owned two adorable and loyal beagles in the past, and I still miss them every day. Nothing beats coming home to that wagging tail and sloppy kiss (and trash can tipped over in the kitchen with trash spread across the floor). Honestly, the “American” dream just feels incomplete without a furry companion to share life. But (sorry, here it comes…), I would be remiss if I didn’t at least acknowledge that pets are not cheap, especially as inflation has hit food prices, and the “humanization” of pets has driven the cost of medical care up.

Three Signs

If you are currently struggling financially or are working to get out of debt, please keep reading. While you might think buying a pet will save Christmas and quench your children’s never-ending thirst for a pet, it might just create far bigger problems. Consider these three clear signs you’re not financially ready for a pet (even if your kids are begging for one):

1. You’re Away From Home 6+ Hours Each Day

 The first sign you should consider before buying a pet is how often you are away from home. If you are considering a dog, they are pack animals that thrive on social interaction. If they are isolated or alone for most of the day, your dog will not develop well, often leading to disruptive behaviors and obedience problems. Your absence will also make potty training a longer, more complicated process. Since cats are more tolerant of this type of environment, consider them as an alternative before buying a dog.

2. You Don’t Have $1,000 to $3,000 Saved For the First Year

 The second sign you are not ready for a pet yet is how much money you have saved for the pet purchase. The price of a pet can vary significantly depending on whether you are pursuing a high-demand breed or simply adopting a pet from your local humane society or animal shelter.  If you are new to pet ownership, I recommend doing extensive research on breeds that suit your family and personality. Buying a pet solely for the price is unwise and can lead to significant problems. You could end up with a breed that is difficult to handle or has personality issues that can’t be easily corrected. And don’t forget that the initial price tag may not include the cost of vaccinations, the spay/neuter surgery, and setup costs like a bed, food dishes, and a crate. Consider all of these costs carefully before you make the purchase. 

3. You’re Still Paying Off Debt or Saving For Your Emergency Fund

 If you’re working through a debt elimination program, or you have finally broken free of the debt and are saving for your emergency fund, you will not have enough financial margin to own a pet. Consider the ongoing costs of owning a pet - they will need food, treats, toys, beds, flea and tick treatment, and annual examinations and shots. According to the ASPCA, the average annual cost of a pet is about $3,000, or $250 per month. And this does not account for the cost of wear and tear on your house. For most people on a debt management plan, $250/month is a lot of money. (https://www.petplace.com/article/general/pet-care/cost-of-owning-a-pet)

Three Alternatives

There are three (cost-friendly) alternatives you might consider this Christmas to help with your children’s desire for a pet.

Alternative #1 - Visit the Zoo

 Many cities across the country offer a Christmas experience at the zoo. The price tag for these events is usually higher than general admission, but it will be far less than the cost of a pet. If you’re within a few hours' drive of Indianapolis, consider their “Christmas at the Zoo”. It is worth the drive and will save you enough money in the long run that you can even afford a round of hot chocolate for everyone!

Alternative #2 - Consider Operating a Pet Sitting and Walking Service

 For families working through debt or rebuilding their emergency fund, consider starting a side business offering pet-sitting and walking services. Using online platforms like Rover.com, you can open a business and offer pet care services in your local area. This is a great way to get your children involved while enjoying a little income to support your debt management program. This process could also help you decide which breeds you enjoy (and those you don’t!). 

Alternative #3 - Give generously to the Local Animal Shelter

 While you may not have the cash to pay for a new pet this Christmas, you might consider making a family gift to the local animal shelter. Sure, it’s not the same as owning your own pet, but you can feel good that you are helping an animal transition from one home to another. Reach out to your local animal shelter or humane society to see how you can help.

Conclusion 

Owning a pet is a serious commitment and can significantly impact your personal finances. Let’s apply the wisdom of Proverbs 21:5: “The plans of the diligent lead to profit as surely as haste leads to poverty.” Be diligent. Do your research and consider the costs. You and your children will be grateful (one day) that you did.