Saving & Spending
Thinking of Adopting a Pet? Plan a Budget First
By ValueChampion  •  April 29, 2021
It's hard to imagine any part of the economy that's benefited from the coronavirus, but Singapore's pet industry is one exception. The start of the circuit breaker inspired a tenfold increase in pet fostering, and as families look to the post-COVID future, some may be weighing the merits of permanent adoption. A big part of that equation is financial: pets typically cost several thousand dollars a year in food, medical care and supplies. To learn more, we dug into the details looking for the true cost of companionship, with a focus on cats and dogs. Raising Cats Is One Third Cheaper Than Raising Dogs When we collected numbers on adoption fees, breeder prices, medical costs, food and grooming, the final analysis showed that dogs cost an average of almost S$3,200 in the first year while cats cost a little over S$2,000. In other words, the cost of getting and keeping...
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By ValueChampion
We distill sprawling marketplaces—for insurance, credit cards, bank accounts, and more—down to choices that represent a sweet spot for value—as in offering the features, returns, or experience we think you need for the smallest outlay. We ask: Is the return on a particular purchase or decision worth the cost or risk of that option, and how does the choice stack up against other options?
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