What’s the Real Cost of Owning A Pet?

What’s the Real Cost of Owning A Pet?

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The love of a faithful pet may seem priceless. But those little bundles of snuggles can come with a price tag that has a real bite! Philip and Julia break down all the costs to consider when adopting or buying a pet… and how to keep those costs in check.

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Two Cents was created by Katie Graham, Andrew Matthews, Philip Olson CFP® and Julia Lorenz-Olson and is brought to you by PBS Digital Studios. We love dropping some knowledge on all things personal finance and helping you make better money decisions.

Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson
Directors: Katie Graham & Andrew Matthews
Written by: Philip Olson, CFP® and Andrew Matthews
Produced by: Katie Graham & Amanda Fox
Images by: Shutterstock
Music by: APM

Works Cited:


Total Lifetime Cost of Owning a Cat



  1. Adulting Shouldn't Suck on May 20, 2022 at 12:17 am

    I really like the way you broke down how much it costs to own an animal. Most people never think about the ongoing costs of owning an animal… which can be quite expensive. If you don’t make much money then it’s just another thing that’ll make your life harder to afford.

  2. greymagician1 on May 20, 2022 at 12:17 am

    I got small dog. I don’t spend much on her. My dog tells me when my mail is here. Also helps me with my depression

  3. DW on May 20, 2022 at 12:17 am

    Dogs, children, wives. Have to be a railroad tycoon to afford anything these days.

  4. RoRo on May 20, 2022 at 12:19 am

    I understand this channel is about saving money but keep in mind people have to live their lives and be HAPPY. I look at my dog as a huge source of happiness. I consider my dog a family member so he’s priceless to me!

  5. Kief Demon on May 20, 2022 at 12:21 am


  6. kitty kit kat on May 20, 2022 at 12:26 am

    I’m from Kolkata, married living in Perth. No cats, dogs, I believe animals must stay outside, only two hens and 6 parrots, No Aircon, dishwasher, one family car. We don’t have debts. I go over to our neighbours and spend time with their dog.

  7. nicole bacon on May 20, 2022 at 12:31 am

    where the hell you buying your pet supplies? Those costs are way to inflated.

  8. Will Ipad on May 20, 2022 at 12:33 am

    Opportunity cost? Time spent playing or walking pet?

  9. Asian Commenter on May 20, 2022 at 12:34 am

    If you can afford to give it a beautiful life, then do. But if you can’t, there is no point of bringing a creature in your surroundings and letting it suffer. That not only appiles for pets but also human babies. If you can’t give it a good life, no need. Stop thinking having children and pets is a must

  10. Drummergeorge on May 20, 2022 at 12:36 am

    i love my dog more than anyone thats not family. dogs are the best.

  11. Angel H. on May 20, 2022 at 12:36 am

    If you count your dog expense under your children’s expense. You will find you actually save more bills than buying a dog. A reputable breeder’s dog is actually healthier than shelter dogs.

  12. Vaughn Spight on May 20, 2022 at 12:38 am

    Except for love and componential

  13. Whoever Whoever on May 20, 2022 at 12:38 am

    What’s the Real Cost of Owning A Pet?

    Definitely not as much as owning a wife.

  14. Jesse Washburn on May 20, 2022 at 12:39 am

    This is such a smart idea for a video. Almost everyone loves dogs, but I don’t think I’ve ever heard anyone break it down like this. Food for thought. Thanks 2 Cents!

  15. Ryan Richards on May 20, 2022 at 12:39 am

    Happiness is a good reason to spend money.

  16. J j on May 20, 2022 at 12:40 am

    Is this directed towards children? The tone is insulting.

  17. karen hopkins on May 20, 2022 at 12:44 am

    Owning a pet is like having a baby.

  18. Mohamed Abdurahman on May 20, 2022 at 12:44 am

    who are the 260 ppl who downvoted?

  19. Abdul Zz on May 20, 2022 at 12:46 am

    It’s the Only time I don’t care about how much money I’m spending, dogs are better than most humans to hang out with

  20. Justin on May 20, 2022 at 12:47 am

    I’m glad I didn’t buy a couch

  21. Macisbland on May 20, 2022 at 12:47 am

    Or you could get a fish…

  22. Gabriella F-D on May 20, 2022 at 12:47 am

    My dog hasn’t even been a portion of that. Luckily he doesn’t get hurt often. He doesn’t really damage anything, we rarely take him to the vet since he is mostly healthy and we have never boarded him or paid for haircuts

  23. adem on May 20, 2022 at 12:48 am

    If u spend this much for a dog your a fucking idiot . My dog lived to 11 and I did not take it to the vet other than just is vaccination shot when it was a pup. Remember it’s a fucking pet not your child. I see so many ppl spending bs services for their dog … it’s a animal , save your money for a house or on your kids futures ffs

  24. Abbie Alverez on May 20, 2022 at 12:48 am

    You spend 1000 on crap you don’t need every year anyhow a pet is something that gives you immeasurable happiness that you can’t buy

  25. Levi Ackerman on May 20, 2022 at 12:49 am

    Better than have kids

  26. Alex Fieramosca on May 20, 2022 at 12:50 am

    Before I clicked on this video, just based on the style of the vid and how these guys talk, I knew I just KNEW they would use the term "furry friend(s)" and just over a minute in and there it is.

  27. mascara1888 on May 20, 2022 at 12:50 am

    The amount of joy and happiness my dog has brought into my life is immeasurable. She’s saved my life in many ways. She is worth every cent I spent on her. I hope this video doesn’t stop people from adopting or rescuing pets.

  28. Marcus Aurelius on May 20, 2022 at 12:50 am

    I love my dog.

  29. Muzz Ullah on May 20, 2022 at 12:53 am

    I budget around $200/month for my cat. Monthly cost are about $150.

  30. Thurein Soe on May 20, 2022 at 12:54 am

    I may forget to click like to every videos you guys developed but I am really thankful for all your videos. Everyone should know about how to manage money.

  31. Fashirah Parvin on May 20, 2022 at 12:59 am

    I wonder how he will look without the moustache.

  32. Dan Y2K on May 20, 2022 at 1:00 am

    2:34 bullshit

  33. skidcrew on May 20, 2022 at 1:00 am

    What’s the real cost of breathing?

  34. Simon Dunlap on May 20, 2022 at 1:01 am

    That moustache is so aggressive, and bold.

  35. TheBackBenchers Nation on May 20, 2022 at 1:03 am

    Real cost of being alive as a human next please..did you know for food alone if you spend $150 per week in grocery then your real cost of eating for 80 years would be $624000? I guess I will just stop being alive to save money…

  36. Random vids on May 20, 2022 at 1:04 am

    Can you make how much a kid cost

  37. Jhon Macra Imbana Jokora on May 20, 2022 at 1:07 am

    Raise a pig and sell the meat XD

  38. Don't Blink on May 20, 2022 at 1:08 am

    If you go to 2:53 they actually have a bulldog

  39. Camilo Castillo on May 20, 2022 at 1:09 am

    What’s the Real Cost of Owning A Pet?

    One minute later


    Unless a miracle occurs and the pet becomes an internet star…

  40. BlueSEF on May 20, 2022 at 1:10 am

    3:14 "Are pets the new probiotic?" Lmaooo

  41. Jarcher on May 20, 2022 at 1:11 am

    I bought my cat on Craigslist for $50. Picked him up in a Costco parking lot. Best $50 I’ve ever spent.

  42. Parakeet World on May 20, 2022 at 1:12 am

    So true! Like fish and birds, many cost around 20 dollars, but their CARE. (I will only say about birds because i know a ton more about them than fish). Budgies costs twenty dollars, but their care. They dont live in a small cage and are decoration. They need a large flight cage, interaction, and enrichment.
    Suitable flight cages are already a 100 out the bank/wallet. Then, the food which should be pellets. High quality food (which is NOT cheap seeds) can be pretty expensive. And i mean, fourty for one pound (for harrisons, one of the best brands). Then the enrichment. Natural and unique perches, foraging and shredding toys, etc.. Which, can actually cost around another 100-300. The cleaning too, youll need to find cleaning products and shit, also making sure the cleaning is FOR birds and is not our human products which is toxic. Its sad that birds and fish are seen as decoration. NO animal should be decoration whether its a tick, ant, bird, a dog, etc..

  43. Xuan Power on May 20, 2022 at 1:13 am

    So what did the studies use as a standard for these researches? Anyone can come up with a research and say it’s a fact. And who tf uses uk sources for an American video? Lol biased af

  44. Jeremy Peeples on May 20, 2022 at 1:15 am

    ONLY 12 YEARS ON AVERAGE!? Yeesh. My little Spud making it to 22 1/2 makes her even more amazing in hindsight.

  45. Catherine Baldwin on May 20, 2022 at 1:17 am

    I’m more of a buns person. Still great though.

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