We have around 24 million furry friends living amongst us in almost 62 per cent of Australian homes, so it's no wonder we're spending big on our four-legged family members.
Over the lifespan of the average pooch, we will spend more than $25,000 on our canine companions and for those of us with feline friends, this figure sits at around $15,000.
With this type of money being spent, it’s unsurprising that the pet industry is now worth around $8 billion per year! And, as we continue to prioritise our pets – rightly so – this spend will undoubtedly rise and lead us to consider the ways in which we can save.
We all want our pets to live forever, in fact, just thinking about the 'what ifs' can be quite daunting for any animal lover. But we should be thinking about, "What if my pet gets sick", so we're prepared in case an unexpected vet bill pops up.