Released: November 01, 2009

Keep pet expenses on short leash

Source: Stacy Rapacon, Kiplinger's [Washington Post] (Free Registration)

Pet owners spent $43.2 billion on their animals in 2008, according to the American Pet Products Association. This year, despite the recession, they are expected to spend 5 percent more. But your furry (or scaly, slimy or feathery) loved one’s health and happiness doesn’t have to cost a fortune.

Veterinary bills are among the biggest budget busters, and they’re rising much faster than the average overall cost of owning a pet. In 2009, spending on vet visits is expected to increase 10 percent, to $12.2 billion.

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