Do you have many friends who own pets? I do have a few. One of my good friend owns a dog. My best friend owns some rabbits in his old house.
We have fish enthusiast back in office. I had the privilege to go to Yishun with them to take a look at the process of buying a small fight fish and the necessary nutrition and food for it. From the price tag of the tanks, pumps food and necessary maintenance fish, even a relatively cheap pet like fishes can eventually be expensive.
Owning a pet is abt like putting a child through school. There are much benefits to it and provides a nice distraction but requires commitment.
One that many do not count much is how much it cost to maintain a pet through its life time.
This image gives you quite a good idea:
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
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Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Insurance Start-up Havend. All opinions on Investment Moats are his own and does not represent the views of Providend.
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yyt
Monday 25th of October 2010
LOL....wonder how much a tortoise will cost with it's long life expectancy.
Drizzt
Monday 25th of October 2010
apparently it can get pretty expensive! you know you need a special LED light to simulate sun light for terrapins. that is additional to food. but on second thoughts perhaps turtle doesn't need grooming but its the skill to ensure that they are healthy!