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It'll cost you around $13,000 to own a dog or a cat

Dog bills
(Getty Images/mdmilliman)

Are you thinking about adding a pet to the family? If cost is one of the only things holding you back, this info might not help.

A new study from Yahoo News found it costs about $111 per month to own a dog or cat. That's because of everything from food and toys to vet bills and medicine. OK, that doesn't seem like too much money, right?


Well, since pets live an average of 10 years, that's $13,320 total.

The survey also found that 23% will call their pet their "son" or "daughter." I guess spending $13K makes them feel a little better when it seems like they're spending all that money on their "kid."