Whoever asked the question, "How much is that doggie in the window?" probably wasn't prepared for the REAL answer. Today, that cute, must-have pet may set you back about $8,000 over a lifetime (if you choose a dog) and about $10,415 for a cat. Wow! That's a lot of kibbles and bits. Even when times aren't tight, it pays to count the costs of pet ownership before biting off more than you can chew.

Just like with children, many pet Moms and Dads think their pet will remain pretty much healthy. However, health-care costs and veterinarian bills for a sickly dog or cat are some of the main "hidden" costs of pet ownership that many may not factor into their budget. Some other things to consider are:

• Boarding expenses while on vacation
• The time commitment needed to care for your little one (while this isn't dollars out of your pocket, it's just as important)
• Replacing items that get broken, torn or completely shredded to pieces
• Training and obedience school
• Occasional people bills for nips, bites and scratches

As you can see, it's easy to see how the bills can quickly add up. But, it's better to start the relationship with both eyes open and avoid financial frustrations that may cause you to no longer be able to care for your four-legged friend down the road.

But, despite all of the costs associated with pet care, pet lovers would agree that the unconditional love and companionship that pets provide far outweigh the costs. Just think of every nuzzle, lick and bark of excitement when you enter the room as payback...of the best kind.

Barking Up The Money Tree!

But, just so that your love affair doesn't bankrupt you, here are five ways to reduce the costs of pet ownership.

• Become your vet's assistant. No, you don't have to take on a part-time job at the doctor's office, but there are plenty of pet needs you can take care of yourself. For instance, brushing your pet's teeth regularly and using dental chew bones will reduce the number of vet dental-cleaning visits. That's a savings of about $200. Also, consider trimming your pet's claws and reducing grooming costs by regularly brushing their hair.
• Keep up with changing guidelines. Many pet owners may not realize that some vaccinations may now only be needed every 2-3 years. This is a clear example of when not knowing can cost you. Consult your vet about The American Animal Hospital Association's most recent guidelines for core vaccinations.
• Shop around for pet supplies. Behind food and health care, pet supplies are the next big-ticket item. Don't assume that pet superstores and national discount chains will have the lowest price. Sometimes, small locally owned or online stores offer a better deal.
• Cheap is not always best. While it may seem like an oxymoron, when it comes to pet food, spending more might actually help you save in the long run. Higher-quality food helps keep your pet healthier, which means less visits to the vet. You might save on training costs, too, as the fillers in cheap food can lead to hyperactivity. Additionally, try not to overfeed. Serving the right proportions will make sure that the food supply lasts as long as it's intended (saving you money) and reduces the likelihood of obesity-related ailments.
• Be proactive--Spay or neuter your pet. Not only does it help to control the pet population, but pets who have been spayed or neutered have fewer health problems, such as prostate and ovarian cancer.