According to Dr James Griffin, a scientist at the Eunice Kennedy
Shriver National Institute of Child Health and Human Development in the
United States, having a canine companion or a feline friend provides us
with a “source of comfort and developing empathy”.
Previous studies have suggested that owning a pet helps to reduce stress, lower blood pressure and fight depression.
But are pets good for you in a financial sense?
Well, it seems the answer is both yes and no.
Pets can be expensive. On top of providing them with food and the odd
play item such a bone or squeaky toy, you also have to consider the
cost of veterinary care if something goes wrong
Vet bills have risen incredibly in recent years and the cost of
something quite routine for Rover or Rusty could tip you off the edge of
a financial cliff.
Major issues are even more on the pocket as well as the heart.
A study conducted by the RSPCA last year found that an emergency
operation on dog can cost more than £4,000, while care for a cat injured
in a car accident can weigh in around £1,500 without aftercare and
future surgeries.
According to the study, 26 per cent of uninsured pet owners put off
taking their pet to the vet because they fear the costs involved. This
move could lead to the animal’s health problems worsening and it is
likely to lead to further costs down the line or even a loss of the pet.
A solution to this problem is to take out an insurance policy. Yes
that’s another expense, but it will provide with piece of mind and will
more than pay for itself if god forbid something does happen to your
furry friend.
An average pet policy will set you back somewhere the region of £100 a
year, a sum which is less than most people spend buying newspapers.
Getting one set up is also quick and easy as it can be done either
over the phone (or should be called the dog and bone in this case?) or
via the internet.
Now, after reading about all these expenses which come with owning a
pet, you’ll probably wondering where the financial benefits lay.
Well, they come in the form of things you possibly haven’t given much consideration to.
For example, owning a dog can often mean that you can get away with
spending less on your home security. Dogs are very loyal and territorial
animals and will defend their owner’s property with all their might.
This doesn’t mean you need to have a big and vicious dog either, as
even the most soft and loving pooch can be enough to scare off anyone
who might consider breaking into your property.
Indeed, studies have found that burglars stay away from homes where they can hear a dog barking.
Another financial benefit comes from the physical exercise pets can
provide you with. Yes, you won’t get much exercise out of owning a
gerbil or even a cat for that matter, but dogs are fantastic companions
for people looking to get themselves in shape.
Each day your dog will need to be taken out for a walk and while this
may seem a like a chore, it is also doing you some good. On top of
that, if you can get your dog to enjoy a light run with you it could
mean that you no longer need to pay for that expensive gym membership.
This article was produced by
Debt Free Direct
who provides help with debt management, consolidation and bankruptcy.
If you are having problems with debt then don’t hesitate to get touch or
visit us online.
source: everythingfinanceblog.com
