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How much does owning a pet cost in a year?

Jean Chatzky | Jean Chatzky

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Pets are great companions, but they can sometimes be paws-itively expensive. Over two-thirds of U.S. households own a pet, according to the American Pet Products Association, or APPA. So many families should budget for their needs.

Healthy animals can be fairly cheap, but costs can skyrocket when they get sick or injured, so be sure to save money for emergency vet trips. And don’t forget to factor in recurring expenses over the pet’s expected life span.

Here’s how much it costs annually to care for four popular pets, followed by tips for cutting expenses.