If you love your furry friend, you want to make sure they are healthy and happy. But vet bills can be expensive, and you never know when an emergency might happen. That's why it's a good idea to set up a pet health savings fund, a special account where you save money for your pet's medical expenses.
I know that there are veterinary clinics that handle insurance for our pets, however the experience I have had seems to me that they are not a very good option. I point this because of the fact that many times when we notice a problem in our pet it is best to be attended immediately and not have to wait more than 1 week for it.
that is why I am more in favor of setting up an emergency fund for these needs.
BUT!!!
The best way to decide which option is right for you is to compare the different plans and coverage options available and to talk to your veterinarian.
luckily, I am one of them
I will try to help you to determine how much you should be saving each month and what type of plan is best for your pet's needs.
The problem is that the cost of medical services varies greatly from country to country. We cannot compare an abdominal ultrasound in Venezuela that costs $20 to one performed in the United States that can cost more than $300.
Deciding how much you want to save each month for your pet's health care can be a little complicated. Why I said this? because a young small breed dog is not the same as a medium-large breed senior dog, each one has higher expenses than others. If we talk about age, juniors have to have their vaccination plans up to date, spaying and neutering, etc. While seniors are more prone to suffer from degenerative diseases (kidney, liver, heart).
The same happens with cats of course! The lovely cats! I love them so much.
Ok, let's go to what we are interested in, How we should prepare the investment fund for our furry one.
Depending on the insurance, I would use it for the first 3 years of the pet's life. Because in my experience, that is when they usually get sick, but of course, this is biology, 2 + 2 is not always equal to 4.
We can base this on your pet's age, breed, health history, and lifestyle. After those 3 years, a good rule of thumb is to save at least 10% of your pet's annual expenses, or $50 per month, whichever is higher. DON’T use this money fot toys, treats or grooming, this is just for medical expenses.
and thats all! be happy the rest of your life 👍🐶🐱
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