3 ways pet owners can prepare for a recession


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Don’t be caught off guard.

Key points

  • If the economy goes into a recession, all aspects of your finances could be affected.
  • Start thinking now about the type of expenses you face as a pet owner.
  • It’s worth stocking up on food and supplies when you get them at a discount, building a veterinary care fund, and considering pet insurance.

“Recession” seems to be the big word on everyone’s lips these days, and some of the loudest voices are those of high economic authorities, so it is worth considering the possibility. We’ve all battled inflation this year, and despite aggressive interest rate hikes by the Federal Reserve in an effort to make consumer borrowing more expensive, inflation hasn’t come down as hoped. As we move forward into 2023, it’s a good idea to consider all aspects of your financial life, and that includes the money you spend caring for your pets.

I am blessed to share my home with the three amazing cats I adopted, and while they costs me money, they are worth it for all the love and joy they bring. I bet you love your pets as much as I do, and as such you should consider the potential impact on them if you lose your income due to a recession. Here are three things you can do to ensure you and your pets are in the best possible position to weather an economic downturn.

1. Stock up on food and supplies on sale

There are a few great ways to save money on pet supplies. For instance, Soft offers free shipping over a certain dollar amount, allows automatic delivery of supplies you use often, and frequently puts different products on sale. Amazon is another great place to buy pet supplies, and you can also turn to your local pet supply store or one of the national chains that sell just about anything you might need. for your pets.

In these uncertain times, it’s definitely worth monitoring the sales of the pet products you use often. Cat litter never goes bad, for example, so if I see my favorite brand is on sale, I stock up. The same goes for cat food; it’s very reassuring to have a spare bag or two in my pantry.

2. Set aside money for veterinary care

This is the perfect time to stuff your emergency fund as much as you can, both for your own needs and those of your pets. High Yield Online Plenty savings accounts will allow account holders to create “buckets” in their accounts, funnel money for different costs, and track how much you’ve saved in certain categories. I recommend creating a bucket for your savings in veterinary care. If you’re lucky, you won’t have any additional expenses beyond what you normally pay for your pet’s routine veterinary appointments and anything that comes with them (such as vaccines, fleas, etc.).

If you can afford to set aside more money to cover the extra costs, all the better. But even having enough for a few routine vet visits for each animal (if you have more than one) can help give you peace of mind in the face of an uncertain economic future. You might also consider shop with different vets if you know your pet will soon require an expensive elective procedure or treatment.

3. Consider pet insurance

Finally, if you do not yet have pet insurance policy, now is a good time to consider signing up for one. While some policies offer routine care coverage, where pet insurance really shines is in reimbursing pet owners for unforeseen veterinary costs. If your cat or dog gets sick or breaks a leg, pet insurance works by reimbursing you for a certain percentage of their medical expenses, and some insurers will even pay your veterinarian directly.

Since we don’t know for sure if a recession is in the cards, don’t panic about our economic future. But you’ll sleep better at night knowing you’ve done everything you can as a pet owner to be prepared for whatever the economy throws at you.


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