--- title: Why More Pet Owners Are Feeling Financially Stretched description: Pet costs are rising, and owners are feeling the strain. Here’s what the data shows, and how to better manage your own pet budget. authors: - name: Mallika Mitra role: Contributing Editor url: https://money.com/author/mallika-mitra/ bio: Mallika Mitra is a contributing editor for Money, based in Chicago. She has covered investing and retirement for seven years and her work has appeared in CNBC, Bloomberg, Kiplinger, AARP, Barron’s, Bankrate, The Daily Upside, ETF.com, The Bond Buyer, PLANADVISER, PLANSPONSOR and Investopedia. education: Craig Newmark Graduate School of Journalism at CUNY Kalamazoo College at_money_since: 2020 articles: 395 covers: - Pets - Banking - Business - Career Advice - Credit - Credit Cards - Debt - Economy and Politics - Education - Health and Wellness - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Professional Services - Retirement - Shopping - Taxes - Technology also_seen_in: - CNBC - Bloomberg - Kiplinger - Barron's - Bankrate - WGN-TV - CBS News Radio - This Morning With Gordon Deal - Everyone's Talkin' Money social: - https://twitter.com/mitra_mallika - https://www.linkedin.com/in/mallika-mitra-4577a386/ published: '2026-03-31T15:12:44.000Z' modified: '2026-03-31T15:12:44.000Z' section: Pets tags: - pet insurance - Pets - Sponsored - sponsorship word_count: 646 canonical: https://money.com/rising-pet-costs-financial-stress/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![Man looking worried with his dog on his lap](https://img.money.com/2026/03/Sponsorship-Inflation-Pets.jpg) Sponsored by: ![](https://s3.consumersadvocate.org/prd/image/image/35944/a7c1bc1c-1ec6-49a0-956b-1ed27dbcb09d.webp) Keep your pets feeling healthy. With Healthy Paws pet insurance, there are no caps on annual or lifetime claims! [Go to HealthyPaws.com](https://money.com/pr/w7ed09dc0516?ap_referrer=%2Frising-pet-costs-financial-stress%2F) ## Key takeaways - **Having a pet is getting more expensive:** Nearly a third of pet owners say they’re spending more than they were a year ago — and many are shelling out $100 or more each month just on food and treats. - **Pet owners are making trade-offs to keep up:** Many are cutting back in other areas, hunting for better deals and turning to pet insurance to handle surprise bills. - **A little planning can go a long way:** Experts say tracking your spending, prioritizing what matters and building a small savings cushion can help make the costs more manageable. Inflation has hit nearly every aspect of consumer spending, from gas and groceries to housing and health care to travel and tuition. But pet owners are feeling the squeeze in particular. Nearly a third of pet owners said they spend more on their pets today than they did a year ago, with 36% spending at least $100 monthly on food and treats alone, according to a [recent survey](https://www.healthypawspetinsurance.com/pet-insurance-research/soaring-pet-costs-are-pushing-household-budgets-to-the-limit.html) of 1,590 U.S. dog and cat owners by Money.com and [Healthy Paws Pet Insurance.](https://money.com/pr/v9c164099706?data-trk-company=healthy-paws-review&data-trk-imp=true&data-trk-pcu-type=direct_link&data-trk-pcu-uuid=v9c164099706&encoded_id=) As many pet owners can attest, the companionship of a furry friend is worth the cost. But that doesn’t make affording it — or making decisions around whether to spend even more on non-essentials like pet insurance — any easier. “It’s not just dollars and cents,” says Joon Um, a certified financial planner with Secure Tax & Accounting. “For many people, these are family members, so the decision is often emotional as well as financial.” Rising costs go hand-in-hand with financial concerns for pet owners; roughly one in three (31%) said pet-related expenses cause financial stress. The challenge is greater for those with chronically ill pets, with 58% of reporting financial strain. As a result, many pet owners are adjusting their budgets in real time. More than half (62%) of people with chronically ill pets said they’ve been forced to cut back on other spending, while 48% of owners with healthy pets said the same. Cutting back can only go so far. For pet owners trying to regain control of their budgets, experts suggest taking a step back to get a clear picture of where *all* their money is going. “Then you can decide whether all of those things are necessary and \[what\] you want to prioritize," says Crystal Cox, a certified financial planner at Wealthspire. There are items you’ll have to keep, but maybe some — like a monthly dog toy and treat box subscription — can be cut. Roughly 4 in 10 survey respondents said they’re shopping around for the best prices to trim routine pet-related spending while 30% said they’re buying in bulk, 32% are grooming their pets at home and 17% are switching to generic medications when possible. Cox suggests budgeting for what you need and automating savings. For instance, if you spend $4,000 a year on your pet, try putting $333 per month, or $80 a week, into a dedicated pet savings account (a strategy 15% of survey respondents say they’re already using). Pet insurance can help you save on vet bills, which have jumped 43% since 2021, according to the Labor Department. Plans typically don’t cover routine care like checkups and vaccinations, but they can relieve some of the financial burden if your pet gets sick or injured. “It can make sense if someone wants protection from big surprise costs,” Um says. “But it’s not always a clear financial win. It depends on the price and coverage.” Some people prefer paying for peace of mind, while others set money aside and handle costs as they come, he adds. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/rising-pet-costs-financial-stress/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Pets", "item": "https://money.com/pets/" }, { "@type": "ListItem", "position": 3, "name": "pet insurance", "item": "https://money.com/tag/pet-insurance/" }, { "@type": "ListItem", "position": 4, "name": "Why More Pet Owners Are Feeling Financially Stretched" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/rising-pet-costs-financial-stress/#webpage", "url": "https://money.com/rising-pet-costs-financial-stress/", "name": "Why More Pet Owners Are Feeling Financially Stretched", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2026-03-31T15:12:44.000Z", "mainEntity": { "@id": "https://money.com/rising-pet-costs-financial-stress/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/rising-pet-costs-financial-stress/#breadcrumb" }, "dateModified": "2026-03-31T15:12:44.000Z" }, { "@type": "Article", "headline": "Why More Pet Owners Are Feeling Financially Stretched", "articleSection": "Pets", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2026/03/Sponsorship-Inflation-Pets.jpg", "width": 2880, "height": 1920, "caption": "Explainer-Loans-To-Pay-Vet-Bills" } ], "author": [ { "@type": "Person", "name": "Mallika Mitra", "url": "https://money.com/author/mallika-mitra/", "@id": "https://money.com/author/mallika-mitra/#author", "description": "Mallika Mitra is a contributing editor for Money, based in Chicago. 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