Get the app
Get the app

Join millions of investors on Stash

Investing, simplified

Start today with as little as $5
Get the app

How to Budget For Your Dog

August 23, 2018

  • Dogs are awesome—but they can come with unexpected costs
  • Keep in mind: Destroyed items, vet visits, and local licenses
  • Obedience training and boarding also tack on significant expenses
3 min read

Dogs may be cute and cuddly, but they aren’t cheap.

The average cost of owning a dog of any size in the first year is nearly $3,100, according to the American Kennel Club (AKC).

But just because dogs require a little financial planning doesn’t mean that you and your family can’t get one. You just need to make sure you budget for it. Keep these costs in mind as you prepare your home–and your bank account–for a new member of the family.

Breaking down the costs: Toys

Dogs, much like children, need to play. In all likelihood, that means that you’ll need to replace an item (or two) around the house soon after bringing a new dog home—especially a puppy, or a dog that isn’t trained. They’re going to want to chew on things, play tug-of-war, and tear around the house.

Dogs like toys, but some pups will tear right through them in a matter of minutes. Test a few out, and if need be, migrate to more durable, chew-friendly toys that come with quality guarantees. Higher-end, virtually indestructible toys, and toys with a quality guarantee like the Goughnut, range from $20 to $40. But you may find it’s a small price to pay compared to constantly replacing plush toys or visiting the vet because of ingested stuffing.

Wear and tear

Dogs can also take an interest in household items—or the house itself. They can spend days on end chewing on or otherwise destroying furniture, shoes, and practically any other household item they can find. You may also find that your dog has “accidents” on the floor, potentially leading to expensive cleaning or replacement costs.

And don’t forget that some dogs like to get into the garbage, which they can then drag all around the house.


Many cities and counties require pet owners to obtain a license for their animals. In Milwaukee County, for example, the yearly license fee for a dog or cat ranges from $12 to $36 a year. If you choose to forego the license, you could face a penalty that could cost more than the license itself.

Other offenses, like allowing your dog to run off his leash, can also lead to a citation, depending on your city’s laws. In Seattle, for example, you could face a $54 ticket for allowing your dog to run through a city park off leash and a $125 ticket for failing to have a license.

You may want to consider the cost of microchipping your new friend, which can help you locate your dog if it gets lost. If your pet doesn’t already have a microchip, you can have one inserted by a vet for around $50. But that’ll come with annual registration fees, too.


Don’t listen to Jenny McCarthy—you need to get your dog vaccinated.

Puppies generally require more vaccines than older dogs to protect them as they age, according to the AKC, and many of the vaccines for young dogs require follow-up appointments and booster shots. Total costs will vary based primarily on your location but plan on spending several hundred dollars.


Unless you’re a professional dog whisperer, training your pup to sit, stay and stop jumping on your guests do not come for free. A six-to eight-week group training session ranges from $40 to $160 according to estimates from Thumbtack and CostHelper.com, but group training isn’t the right environment for every dog. Shy or aggressive dogs are better served with private training, which can cost anywhere from $30 to $100 an hour.

If you have the time and patience—and an agreeable pup—you can forego training classes and opt for the free route: YouTube videos and library books.

Working it all into your budget

There’s likely to be even more surprise expenses that pop up after you decide to get a dog. They may get sick and require medication, or ruin an expensive piece of furniture. You can’t control the unknowns, but you can plan for them.

Before you head off to pick up Fido, build him into your budget by including pet expenses including food and toys, vaccinations and licensing.

Keep in mind that it’s best to know what you’re in for before your bank account ends up in the doghouse.

Investing, simplified

Start today with as little as $5

Get the App

By Sam Becker

Next for you
10 Money Tips from Financial Expert Bobbi Rebell

Investment Profile

Bonds Worldwide

An International Bond ETF on Stash

Learn more
Explore more articlesChoose a topic to learn more about
Careers love and money politics budgeting Technology

This material has been distributed for informational and educational purposes only, represents an assessment of the market environment as of the date of publication, is subject to change without notice, and is not intended as investment, legal, accounting, or tax advice or opinion. Stash assumes no obligation to provide notifications of changes in any factors that could affect the information provided. This information should not be relied upon by the reader as research or investment advice regarding any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

Furthermore, the information presented does not take into consideration commissions, tax implications, or other transactional costs, which may significantly affect the economic consequences of a given strategy or investment decision. This information is not intended as a recommendation to invest in any particular asset class or strategy or as a promise of future performance. There is no guarantee that any investment strategy will work under all market conditions or is suitable for all investors. Each investor should evaluate their ability to invest long term, especially during periods of downturn in the market. Investors should not substitute these materials for professional services, and should seek advice from an independent advisor before acting on any information presented. Before investing, please carefully consider your willingness to take on risk and your financial ability to afford investment losses when deciding how much individual security exposure to have in your investment portfolio.

Past performance does not guarantee future results. There is a potential for loss as well as gain in investing. Stash does not represent in any manner that the circumstances described herein will result in any particular outcome. While the data and analysis Stash uses from third party sources is believed to be reliable, Stash does not guarantee the accuracy of such information. Nothing in this article should be considered as a solicitation or offer, or recommendation, to buy or sell any particular security or investment product or to engage in any investment strategy. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. Stash does not provide personalized financial planning to investors, such as estate, tax, or retirement planning. Investment advisory services are only provided to investors who become Stash Clients pursuant to a written Advisory Agreement. For more information please visit www.stashinvest.com/disclosures.