00:00Pets are family. We would do anything for them. And we have.
00:03The American Pet Products Association said Americans have spent nearly $36 billion in veterinary care,
00:11surgical procedures, medication, and other products through vet clinics in 2022.
00:16That number is expected to increase $1 billion in 2023, according to NerdWallet.
00:22So which are the payment options available to you when your fluffy one needs care?
00:26Savings is, of course, the best-case scenario. Ideally, you have an emergency that totals
00:31three to six months of living expenses and includes money for pet care. If you don't have savings,
00:36it is worth considering pet insurance. Some vet clinics offer financial plans. Just make sure
00:42to read the small print so there aren't any surprises down the line. Care credit card covers
00:46health care expenses for your family, including pets. It typically offers 0% interest for up to
00:5224 months for expenses of $200 or more. But if you don't repay the full amount by the end of
00:58the
00:58promotional period, you'll be charged interest retroactively from your original charge date.
01:03Credit cards are another choice, but as you know, their rates can be quite high.
01:08As long as you're paying your balance ASAP, this is a good choice.
01:12Pet loans can help with unexpected vet expenses. NerdWallet adds that if the borrower has good
01:17credit, a personal loan may have a lower interest rate than a credit card to pay large vet bills.
01:23But take a look into animal welfare organizations,
01:26as they can provide services at a lower cost than a regular vet.
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