00:00It is a crucial time to consider your finances, which includes taking necessary precautions to
00:05protect your pet. Business Insider reports, thanks to inflation being consistently high
00:10and a likely recession around the corner, caring for your furry friends is getting more expensive.
00:16The Bureau for Labor Statistics confirms pet food prices rose by 14% between September 2021
00:23and September 2022. According to AP News, bills associated with vet visits have also
00:29increased by 10% in the last year. Shoppers are beginning to search for cheaper alternatives
00:34to their otherwise standard pet food, and many have already cut down their routine grooming visits.
00:41Financial assistance is available to those in need through companies like Red Rover and
00:46the Pet Fund. It is also in a pet owner's best interest to consider an emergency fund for
00:51any unexpected treatments or procedures when and if this is financially viable.
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