Pets are a big responsibility, and they can also affect our finances in a number of ways. For example, the cost of vet visits and emergency vet care can add up quickly. In addition, as pets get older they may require special food which can be more expensive. Pet insurance is another consideration – does it make sense for you to have pet insurance?
Aside from the initial purchase or adoption of your new furry, scaly, or feathered friend; the highest cost you’re likely to face is emergency vet care. A trip to an emergency vet can cost you thousands of dollars, and if you’re not prepared to pay, then you may not be able to afford the best treatment for your pet. Luckily, some vets have payment plan options which can break up the cost of care over several installments.

An option to reduce the cost of veterinary care is pet insurance. Pet insurance can reimburse you for a portion of your veterinary bills, but it’s important to understand that there are limits and exclusions to every policy. Make sure you’re aware of your deductible, co-pays, and other fees you may incur as a result of making a claim. Pet insurance is not right for everyone, so be sure to do your research before making a decision.

Another consideration is the change in needs for aging pets. The cost of senior diet food, supplements, and items like orthopedic beds add up quickly. Unfortunately, our pets age much faster than we do, which means they will likely require more care and attention to their needs as they get older.

Personal liability is also something that people don’t consider. No one likes to think that their pet could hurt someone, but it does happen. Unfortunately, dogs, cats, birds, snakes and many other pets do have the potential to harm someone. Because of this, many home or renters insurance policies may have increased prices or reduced coverages based on the breed and type of pet in your home.

As many of you know, all of the team members at Rademacher Financial are huge pet lovers.We know firsthand how important it is that we plan for them financially so we can give them the very best life possible. We all want the best for our pets, and it’s up to us that they are well taken care of. Please reach out to us if you need to discuss your fur families needs further!

Rademacher Financial, Inc.  is a registered investment adviser that only conducts business in jurisdictions where it is properly registered, or is excluded or exempted from registration requirements. Registration is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. The firm is not engaged in the practice of law or accounting. Rademacher Financial, Inc.  reserves the right to edit blog entries and delete comments that contain offensive or inappropriate language. Comments that potentially violate securities laws and regulations will also be deleted. The information presented is believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of any topics discussed. All expressions of opinion reflect the judgment of the authors on the date of the post and are subject to change. A professional adviser should be consulted before making any investment decisions. Content should not be viewed as personalized investment advice, as an offer to buy or sell any of the securities discussed, or as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.


All investments and strategies have the potential for profit or loss. Different types of investments involve higher and lower levels of risk. There is no guarantee that a specific investment or strategy will be suitable or profitable for an investor’s portfolio. There are no assurances that an investor’s portfolio will match or exceed a specific benchmark.


Hyperlinks on this blog are provided as a convenience. We cannot be held responsible for information, services, or products found on websites linked to our posts.