Budgeting for Your Best Friend

Budgeting for Your Best Friend: Smart Money Tips for Pet Owners

July 15, 2025 –

Thank you to First Interstate Bank for guest writing this blog, as part of a sponsorship program. To learn more, visit firstinterstatebank.com.

Pets bring joy, companionship, and comfort—but they also come with financial responsibilities. From everyday expenses to unexpected emergencies, the cost of caring for a pet can add up quickly. That’s why it’s important for pet owners to plan ahead and build a financial safety net that supports both their household and their furry friends.

Understanding the Costs

According to the American Society for the Prevention of Cruelty to Animals (ASPCA), the annual cost of owning a dog or cat can range from $500 to over $1,500, depending on the pet’s size, breed, and health needs. This includes food, licensing, vaccinations, and routine veterinary care. But emergencies—like sudden illness or injury—can lead to unplanned expenses that strain a household budget.

Budget for the Basics

Pet owners are encouraged to track recurring expenses such as food, flea prevention, grooming, and checkups. It’s also wise to plan for occasional costs like boarding, training, or replacing worn-out supplies. First Interstate offers free easy-to-share budgeting tools and financial education resources to help families build a plan that fits their lifestyle.

Create a Pet Emergency Fund

The costs of potential accidents and illnesses are unpredictable, but one of the most effective ways to prepare is by setting up a dedicated savings account for pet-related expenses. Even small, regular contributions—such as $10 to $20 per week—can build a meaningful cushion over time. Automatic transfers can make saving simple and consistent.

Explore Insurance and Wellness Plans

Pet insurance can help offset the cost of major medical care. Some plans also cover preventive services. For those who prefer not to use insurance, many veterinary clinics offer wellness plans or flexible payment options.

Planning Ahead Makes a Difference

Families who plan for pet expenses are better equipped to handle the unexpected. To learn more, visit your local First Interstate branch to talk about financial tools to help you manage your money, savings options, and even lines of credit to address expenses.

About First Interstate Bank

First Interstate is a community bank headquartered in Billings, Montana, delivering best-in-class banking and Wealth Management services across Arizona, Colorado, Idaho, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oregon, South Dakota, Washington, and Wyoming. With more than 300 offices, First Interstate enhances the communities it serves through an innovative corporate philanthropy program, which includes donating a portion of Company profits, matching employees’ personal financial contributions, and donating $10 per hour for volunteer efforts made at qualifying organizations. Member FDIC. Equal Housing Lender. To learn more, please visit www.firstinterstate.com.