Doggie Savings Account

So with the economy the way it is, now is a good time to think about setting up a doggie savings account.  One of the biggest fears that we as dog owners have is not having money to pay for our dog care costs.  Remember, adopting a dog is a lifetime commitment and the costs of feeding, housing and maintaining our canine friends can quickly add up, particularly with medical expenses. 

Now some of us may dip into credit card to cover our doggie's expenses every once in a while and then we promise ourselves not to let it happen again.  Of course, life happens and we may have to use credit once again, particularly with medical expenses.  The problem with credit is that we then have to pay interest to the credit card companies (usually a high rate) and if we miss the payment, then we get hit with a late fee and potentially damage our credit score.

I suggest setting up a doggie savings plan (I'll defer discussing pet insurance for now).  But the concept that I have is simple: set up a separate savings account for dog related expenses.  Its kind of like the idea of having a Christmas club savings account at your bank or credit union. 

By setting up a special account to cover your doggie's needs, you can be better prepared to handle those unexpected, budget busting costs when they happen.  Also, you can earn interest and have that money compouned over time. 

You can simply set up your account at your local bank or credit union or online.  Online savings account may offer the best rates.  You definitely want to try to get the best interest that you can.  Check out http://www.bankrate.com/) and make automatic deposits every month.  By making automatic deposits you are making it easier for yourself to save to cover those unexpected expenses, while avoiding credit card problems.

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