Pet Ownership Costs Are Rising. Here’s How to Budget for Them Now and in the Future

A cat named Johnny peeps out of his cage as he waits to be adopted during an SPCA no-fee adoption event in Montreal on July 14, 2024. The Canadian Press/Graham Hughes

Adopting a pet can enrich your life in countless ways, but it’s important to budget properly for costs now and in the future.

Most people researching and budgeting for a new pet typically view food and vet costs as the two main expenses.