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Cat vs Dog: The Economic Choice

Compare the yearly cost of owning a cat or dog, calculating the equivalent uniform annual cost (EUAC) and factoring in various variables like food, treats, toys, vet bills, property damage, and more. Discover when a dog becomes more economical. Initial and sensitivity analyses provide valuable insights. Includes scenarios and resources for informed decision-making.

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Cat vs Dog: The Economic Choice

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  1. CAT VS DOGGroup 5 • Jessica Goodheart • Motivational Counselor • Nishel Baswell • Secretarial Accomplice • Kristy Clark • Graphic Designer

  2. Objective • Cat or Dog - Which one costs less? • Yearly cost to own Cat/Dog • Compare EUAC = ??

  3. Scenario Human: • Works 40 hours a week • Makes $65,000 a year initially • 4% raise per year • 25 years of age when the dog or cat is obtained • House: Yard: 1500 ft2 Flooring: ½ Carpet, ½ Tile Furniture: Moderate

  4. Scenario • Equal lives of 13 years • Medium size • Indoor/Outdoor • 2 meals/day

  5. Variables • Food, Treats • Toys • Vet Bills, Property Damage, etc. • One-time purchases • Repetitive expenses

  6. Initial Analysis

  7. Initial Analysis - Summary 3% inflation, 5% MARR

  8. Sensitivity Analysis Varying Inflation and MARR

  9. Sensitivity Analysis Varying Dog Boarding Cost In Soviet Russia, dog watcher pays YOU!!!

  10. When is a Dog more economical? EUAC 2,854.17 EUAC 2,929.28

  11. Sensitivity Analysis Cont. Varied food consumption ← 6 Times Recommended Amount

  12. After Interviews, We Revised Our Numbers Dog Cat Frequency and Cost of Cat Toys: ↑ Bought a cat tree with our repetitive miscellaneous materials money. Delayed $50 gradient increase to vet bills. Assumed continued property damage throughout the lifetime of the cat, doubling the estimated property damage in the first and last year of the cat's life. • Purchase of Dog Toys: ↑ • Frequency of Grooming: ↓ • Adjusted Once-in-a-lifetime materials costs. • Delayed $50 gradient increase to vet bills • Assumed we would board our dog in our home and pay a neighbor $20/day to feed, water, and walk our dog.

  13. CAT WINS!!!

  14. Project Resources • Personal Experiences • Internet • Costco, Target, Sams Club, Wal-Mart, Pet-Smart, Petco • Interviews • Textbook

  15. Useful Resources • www.moneycentral.msn.com/home.asp • Financial calculators • News • Women in Red • www.getrichslowly.org

  16. Questions?

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