There is an emotional component of becoming a pet owner, but finances also need to be considered.

Pet ownership may be impractical for those who are barely making ends meet. The ASPCA says that the first-year cost of pet ownership can exceed $1,000.

Annual pet expenses include food, medical exams, litter, a license, toys, treats, and any unexpected medical costs resulting from illness. Flea and tick prevention, training, professional grooming, and boarding can drive up costs even further.

The animal adoption site PetFinder suggests potential pet parents do their homework to determine the feasibility of getting a pet by examining potential costs and how such costs fit into their budgets.

— Metro Creative