When creating a pet budget, factor in unexpected costs, too, the WSJ article explains. Pet health insurance can range from $10 to $40 a month in premiums, based on the type of coverage and the size, breed and age of your pet. That article cautions that you understand exactly what is and isn’t covered by any policy.
The article suggest two options for retirees who decide against buying pets but who want their company: pet sitting/pet walking or volunteering at an animal shelter. So keep these things in mind when you consider taking on a pet.
