Annual Costs of Owning a Pet: Can I Afford a Pet?

Annual Costs of Owning a Pet - Can I Afford it?

Over the past few weeks, our family has had to say goodbye to a cherished member of our family, our eldest cat, Hunter. Although he was 16 years old, we still felt like he had a lot of life to live and who heartedly believe that if you accept a pet into your home, you are taking on the responsibility for their care and they become part of your family. He had developed a rare form of cancer on his paw and after various pet visits and a major surgery, our only choice left was to put him to sleep.

We spent thousands of dollars throughout this whole ordeal and would gladly do it again if it meant we could save Hunter. We accepted these risks when we agreed to take Hunter, and would do the same thing for our other two cats, Dunkin and Riley.

This got me thinking about how different people view pet ownership. Some people jump into owning a dog or cat (or bunny, guinea pig, ferret, bird, fish, etc.) without ever considering the costs.

In my opinion, if you hope to get ahead in your finances and hope to be a good caretaker for your pet, you need to understand and accept the costs associated with pet ownership before you ever consider bringing a new member of your family home. So, before you go adopt a pet, you should ask yourself, “Can I afford a pet?”.

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Home Mortgage Refinancing Guide: Why, When, and How

Home Mortgage Refinancing Guide - Learn Why People Refinance, When to Refinaince, and How to Refinance your Home Mortgage

For most people, their home mortgage is by far the biggest expense each month and will end up being their biggest asset. Considering this, it should come as no surprise that when interest rates start dipping (especially when they’re at all time lows), people start looking into refinancing their home mortgage.

Although there can be many benefits to refinancing your home mortgage, it’s important to understand when to, why you should (and reasons you shouldn’t), and how to refinance your home mortgage.

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12 Debt Traps and How to Avoid Them

Learn how to avoid these 12 common debt traps

Most people have learned and understand the basics behind building wealth: earn more than you spend, avoid debt, and invest.

Learn these 12 common debt traps and how to avoid them

Most people have learned and understand the basics behind building wealth: earn more than you spend, avoid debt, and invest. 

However, many people either haven’t been taught or don’t recognize the common debt traps companies employ and once you’ve fallen into a debt trap, you quickly become a slave to the lender. 

To help you avoid these common debt traps, I’ve listed them below along with some guidance on how to recognize and avoid them.

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How to Make Better Personal Finance Decisions

How to Make Better Personal Finance Decisions

To get ahead in your personal finances, you need to learn how to make better personal finance decisions. The key to making better financial decisions is to be intentional with each decision you make. You need to understand your entire financial picture and understand how each decision you make influences your current finances as well as your future financial goals.

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Personal Finance – Know Yourself to Get Ahead Financially

This isn’t something I learned early in life or was even encouraged to do, but to get ahead in life, you first need to understand yourself. In grade school, you’re taught a simple formula to get ahead: have good attendance, behave, make good grades, and be involved in some kind of extracurricular activity and you’ll be prepared for college. College was a little better in the freedom it provided and choices it encouraged you to make, but ultimately it was more of the same. It’s main purpose was to prepare you, through a curriculum, for a career. What most schools don’t teach you is how important it is to know yourself: your interests, goals, hopes, dreams, etc.

I did the most soul searching as it relates to my career and finances in preparation for interviews with prospective companies for employment, and in working various jobs.

Before that, I had a fairly good idea of what I was interested in and what some of my ultimate goals were, but I had never taken the time to truly sit down and dive into what those interests and goals entailed, why I was interested, and how I would achieve them.

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