Getting A Dog Could be Good For Your Wallet
Written by Robert Bester, Consumer Finance Expert Robert has been a writer for six years, specialising in consumer finance and the UK lending market. Concentrating on consumer credit products, Robert writes informative articles that help customers manage their personal finances efficiently.
23rd November 2020
2 minute read
2018 is the Year of the Dog and research has shown that man’s best friend can be good for your wallet as well as your health!
A study commissioned by Blue Cross charity* shows that pet owners tend to earn £3,000 more a year than those without an animal and are more like to work full time. Not only that, dog lovers have more disposable income at £323.67 a month rather than £306.67.
The study also found that pet owners are also responsible for more people in the workplace, managing an average of five people while those without pets will only manage two colleagues.
With that in mind, the experts at price comparison site moneyguru.com have sniffed out the top ways that your mutt can make you even more money this year.
Turn your dog into a social media star
Is your dog the next Kim Paw-dashian? A sponsored post of your pooch — where your pet is photographed with a product — can fetch from a couple hundred pounds to tens of thousands! All you need to get started is a willing subject, some treats and a camera phone and Lab-racadabra you could be earning some serious spondoolies from the comfort of your own home. Brands will pay dog owners top dollar for posting a snap of their sheepdog or a pic of their pug with their product. Just how good is the money? Industrious dogs with 150,000 to 250,000 Instagram followers can fetch more than £2,500 for a post**! Woof!
People with busy schedule’s often don’t have time to walk their dogs as much as they would like. If you are already walking your hound, charging a few pounds to walk your friends and families dogs at the same time is a great way to save some pennies. Dog walkers charge per dog, per hour rates, range from about £10-15 per dog, per hour (or half hour in some cases). If you're able to take several dogs at once that means you can earn significant amounts per day and get fit at the same time!
Make doggie treats
There’s no shortage of dogs that like to eat treats and pet parents with the money to buy them. There are loads of ideas for dog-friendly recipe ideas on Pinterest that you can try out with your willing volunteers at home. Start selling to family and friends and once word gets around the hounds you could turn your hobby into cash!
As well as fetching a few extra pennies, owning a dog can actually save you money too! Walking or running with your pooch cuts down on expensive gym memberships, they are an effective alarm system (meaning you don’t have to shell out on an expensive home security device) and can even act as a wingman to help you meet people in places that aren’t bars meaning no pricey cocktails, no taxi fare!
The Money Guru’s wisdom is available at your fingertips whenever you need it. Just visit the G’s wisdom page here for an insight into financial understanding and more.