The Trading Floor features comments, feedback and insight submitted by Marketplace sources. Help advise us about stories we’re working on, discuss the news of the day, and share your insight by joining the Public Insight Network.
FEATURED QUERY: Do you rely on tips for a living? Tell us more
It’s not all about the bears and bulls at Marketplace, from time to time, we talk dogs and cats:
How does your pet affect your finances? Pets aren’t free. Keeping Fido in kibble and chew toys costs money. As budgets tighten in the recession, have you changed how you spend on your pet? Maybe you’ve figured out a way to make your pet work for you?
Tell your story to Marketplace, or hit the comments button to share with everybody. Read on to see what some in the Public Insight Network say about their pets…including Rosie, shown above.
Rene Kreisel, of St. Louis, spent over $300 on fees, food, kennel and toys on the day she went to the pet rescue and adopted Rosie, her border collie-black Lab mix. The dog’s first vet visit cost another $200. But that’s just the start. After food, toys, an unexpected $300 surgery, it all adds up.
But she’s worth it! She provides so much pleasure and companionship that my life would be much less rich without her. Something I occasionally worry about is losing my job, then defaulting on my mortgage and having to move out of my house, then having to find an apartment which would accept a large dog. I would live under bridge before I would give up Rosie!
Carol Surface, of Beverly Hills, Calif., spends a lot on her Yorkshire Terrier Astro Magic shown above.
It was very clear at the onset that he is exceptional in every way and is destined for the limelight. Just as though he were our real child, we believe it is our responsibility to spend what is required to facilitate his meeting his potential and satisfying his aspirations. Therefore, we’ve spent quite a bit of money on his acting lessons, obedience training, grooming and daycare. It is paying off: Astro Magic has a manager, his own website and business cards. Yes, we’ve spent more time and money than we anticipated, but we have a dog who is happy, trained, prepared to work (refill the coffers!),and whose needs are being met. And that is something one simply cannot put a price on.
Sharon Morgan of Chicago pays for monthly grooming and quality food for her dog, but she does set limits:
I think it’s sick that people today treat their dogs like people. I also think it’s sick that some people care so much for animals and so little for people. There are some who would save the seals but ignore an impoverished child. These are people who are obviously missing something in their lives that an animal can’t fix.
Sally Brown, of O’Fallon, Ill. accepts the expense of her dogs, despite their cost.
I spend more money on the four-legged members of our household that I do on myself and there is no question in my mind, I still come out way ahead in the bargain. Actually during these challenged economic times I am clearer on my priorities than ever and Amos and Queenie are at the top of the list. It is my relationship with them that makes the stress tolerable; that reminds me of what is really important in my life; allows me to laugh and enjoy my life as opposed to obsessing on matters over which I have very little control.
Leslie Willoughby, of Mammoth Lakes, Calif., has put her dog, cat and chickens to work:
Robbie (a Scottish Collie) is my health insurance, gym membership and cardiovascular machine. Gryphon (a long hair black cat) is my meditation instructor and renewable heating pad. Mr. Daisy (a rooster) and the hens create moving mosaics, yard art, and eggs.
Same with Christopher Peck, of Windsor, Calif. He’s got 10 chickens that live in mobile coops he moves around the yard, but doesn’t really consider them pets.
They’re all hens who lay eggs. When they get too old and crotchet-y we’ll eat the chickens directly. They’re also fun to watch, we call it “chicken TV,” as it is easy to kill an hour entranced with their antics.
Jessa Madosky of Clara, La., had to make a tough financial decision in September to provide surgery for her horse, a former abused racehorse.
The surgery ended up costing me pretty much my entire (limited) life savings, but I couldn’t not try to save him. He has fully recovered at this point and I don’t regret my decision. Money can be replaced. Although it has created financial hardship for me I believe that you don’t adopt an animal unless you are willing to provide for their needs.
If you’d like to share your insights on the cost-benefits balance of pets with Marketplace, click here.
We should put those pets to work!!! We should make one of those hampster wheels for cars and dogs. We should make those obese pets run on it and generate electricity from it. That way we will solve 2 problems in hand: 1. pet obesity. 2. Global warming.
Elaine Frankowski said: Buying stamps for investment purposes is the stupidest thing a person can do unless he/she is an expert collector, is More
RMS said: Until the ecomonic conditions improve, companies will care less and less about the employees. Most managers are too concerned about More
Jennifer said: Yes and no. I went to an out of state major university, on scholarship, with no idea what I wanted More
GK said: I had a similar childhood to another poster here. My parents lost jobs, a business and our house in the More
Back when I lived in my country of origin I had cats just as I do now, but things were different back there. I just to feed them the cheapest kibble I could fin in the store, no vet visits if they weren’t bleeding and they had limits to where they could climb/sleep/get into.
When I migrated to the US I brought my two cats with me and as soon as I got here I also got carried away on the maket frenzy. GOt my discount card at Petsmart and Petco, soon I was buyinig them premium food (even making my own) buying them expensive toys and condos, taking them for grooming etc. I spend more on food for them than I do for myself some times!!!!! Anyhow, for me it’s definitely a cultural thing and since I decided when I moved here that I was going to absorb the culture, here I am..