I ran across this cute little article from My Life Roi that talks about how owning a dog saves them money as a tribute to dog ownership. Being a lover of the four-legged children, myself, I agreed with many of the points listed in the article.
In summary, this argument really deserves a two-sided discussion. Every personal finance writer is ready to jump on the bandwagon that dogs are silly and expensive. However, for the $1,000 that it takes to care for a dog for a year, what would you do with that money otherwise? Put it into a retirement account? Do you calculate the costs of NOT having a dog (like health, socializing, security)?
Sometimes we have to view our financial investments as an attribute to our future health and well-being as well, not just our resolution to future expenses. Is it worth more to spend a little extra money on healthier foods in order to be more healthy physically? I think so. Is it worth the expense to have the companionship of an animal? For the most part, yes. Would you spend a couple hundred dollars that you had to spare on giving someone special the time of their life (something they rarely have)? I just did.
It’s all about perspective and moderation. Keep your viewpoints practical on what you are willing to spend money on, stay realistic and don’t go overboard. But don’t narrow your focus on just being frugal and rich. Be frugal, work to be rich, but still live and be happy as well.
By the way, this is my Bastian: