Trends The Cheapest Pets to Own Read the Article Open Share Drawer Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on Tumblr (Opens in new window)Click to share on Pinterest (Opens in new window)Click to share on LinkedIn (Opens in new window) Written by Zina Kumok Modified Dec 17, 2021 4 min read Advertising Disclosure The views expressed on this blog are those of the bloggers, and not necessarily those of Intuit. Third-party blogger may have received compensation for their time and services. Click here to read full disclosure on third-party bloggers. This blog does not provide legal, financial, accounting or tax advice. The content on this blog is "as is" and carries no warranties. Intuit does not warrant or guarantee the accuracy, reliability, and completeness of the content on this blog. After 20 days, comments are closed on posts. Intuit may, but has no obligation to, monitor comments. Comments that include profanity or abusive language will not be posted. Click here to read full Terms of Service. Save more, spend smarter, and make your money go further Sign up for Free The science is in – owning a pet makes you happier. That may not be groundbreaking insight, but in the midst of a mental health epidemic, many Americans are looking to furry friends for help. A pet can provide companionship, stimulation and routine – all things that mental health professionals recommend to combat depression and anxiety. Still, many would-be pet owners balk at the high costs associated with caring for the most popular pets. Especially if you’re new to pet ownership, dropping hundreds on a cat or dog can seem outrageous, and for many people it’s just not a financially viable option. That’s why we’ve compiled a list of the cheapest pets – so you can get a new friend without getting a second job. Hermit Crab They may not the cuddliest option on the list, but hermit crabs can make for great pets if you’re looking for an inexpensive, low-maintenance and laid-back companion. Costs of owning a hermit crab include a tank with a vented lid, drinking and humidity sponges, food, water and dishes to put it in, climbing wood and a humidity gauge. Consistency is key for these tiny crustaceans, so they’re not a great option for owners who won’t be around a lot. Humidity is their lifeblood, and responsible hermit crab owners will need to water and mist their little friend at least once a day to keep them happy and healthy. They also need a clean environment, which means cleaning the cage once a week and changing out the sand monthly. Goldfish There’s a reason why these tiny freshwater fish have been a mainstay in American households since their introduction to the continent in 1850. They’re inexpensive, interesting to watch and incredibly low maintenance. If you keep them fed and regularly clean their environment, a goldfish can live as long as twenty years. While a classic goldfish bowl is the image most associated with housing these fish, most experts these days recommend a filtered tank to keep the environment clean. While the initial cost of that tank can get a little pricey, the only additional expense is food. Goldfish themselves are incredibly cheap, usually costing no more than a few bucks each. Also, the tank can be reused indefinitely if you continue to own fish. Budgerigar Budgie for short, this mini-parakeet is perfect for someone looking to really bond with their pet. They’re incredibly social animals, so prospective owners will need to hang out with them for at least an hour a day – or get them a birdie companion. Like parakeets, they’ll perch on your finger or shoulder and mimic words. Besides a birdcage, costs of owning a budgie boil down to the basics – food, water and maybe an eye patch when you dress them up as a pirate for Halloween. You can realistically walk out of the pet store with a budgie and all the necessary accoutrements for under $100. Leopard Gecko For reptile-lovers, the best bet is the leopard gecko. Unlike many lizards, these little dinosaurs and friendly and sociable once they get to know you. Much like a fish, the most substantial cost is going to be a habitat, likely ranging from $100-200. Besides that, you’ll need some lighting, a moist shelter for shedding that can easily be constructed at home and heat pads or tape depending on the temperature of your house. Leopard geckos eat live insects and worms, which should run less than $10 a week. Guinea Pig When it comes to classic household pets, you can’t do better than the guinea pig. They’re cuddly, entertaining and a short time commitment at a five year lifespan. While not the cheapest pet on this list, they’re much more affordable than just about every other kind of mammal. Besides an appropriately-sized cage, guinea pigs will need bedding and hay that gets changed regularly. Guinea food is relatively cheap, but they can also thrive on leftover vegetable scraps. If you can’t regularly spend time with your critter, they’ll probably need a companion to remain happy. Ants If you’re looking for low-cost, low-maintenance companions, look no further than an ant farm. They may not provide the bonding opportunities you’d find with some of the other pets on our list, but watching an ant farm grow and develop can be incredibly stimulating for the right kind of person. Modern ant farms are often made with a clear, edible gel that allows you to watch your ants tunnel. A traditional sand or dirt farm will require regular feeding and watering, but no additional responsibilities. The ants and farms will often be sold separately, but even the more expensive setups won’t end up costing much more than $50. Zina Kumok is a freelance writer specializing in personal finance. A former reporter, she has covered murder trials, the Final Four and everything in between. She has been featured in Lifehacker, DailyWorth and Time. Read about how she paid off $28,000 worth of student loans in three years at Debt Free After Three. This article has been updated and was originally published as “The 10 Cheapest Pets to Own” on April 5, 2013. Save more, spend smarter, and make your money go further Sign up for Free Previous Post 10 Affordable Smart Home Gadgets to Make Your Life Easier Next Post Investing in Your Health from an Early Age Written by Zina Kumok Zina Kumok is a freelance writer specializing in personal finance. A former reporter, she has covered murder trials, the Final Four and everything in between. She has been featured in Lifehacker, DailyWorth and Time. Read about how she paid off $28,000 worth of student loans in three years at Conscious Coins. More from Zina Kumok Visit the website of Zina Kumok. 14 responses to “The Cheapest Pets to Own” I wouldn’t say goldfish are a good beginner pet, their tank needs to be about 40+ gallons as they get very large. they would need a chiller and weekly water changes as they produce a lot of waste. The goldfish is a better fish for experienced fish owners. Though if you’ve done the research and have the money and time, it could be a very good pet for a very long time. yo forgot about sea monkeys and aqua dragons Interesting post. I think you should include Sea Moneys as the other comment said, they are super-cheap and pretty fun for kids. I think everyone should have a pet of some kind. They teach kids in particular about responsibility, how to care for other living things, and so on. Hmm…what about quail????? Yes most people think they can put a goldfish in a goldfish bowl.I have my to in a 30 gallon tank. I feel like red eared slider should be on here when i bought a hermit crab and ALL the bare necessities, the total was about 100 dollars, not including the big tank because i already had a tank from when my dad as a kid. Hermit crabs are not cheap pets and the require a lot of work. Guinea pigs?!?!!? No way! GOLDFISH ARE NOT CHEAP/BEGINNER FISH. They require large tanks of 20 gallons per fish. They also require a dechlorinator, fish food and a filter. You also need to cycle the tank before adding any fish to prevent ammonia spikes and poisoning. All of this and many other items you need to keep goldfish become very costly. A good alternative would be a betta. They do well in 2.5 gallon+(5 gal+ recommended.) and do not produce as much waste and are hardy. Fish keeping is a fun and nuanced hobby. As with any living animal make sure to do plenty of research before hand! i love and know all about hermit crabs sad that i don’t own one!:(:(:(:(:(:( i also know all about them!:) Guinea pigs Are not cheap they are quite expensive and they do need bedding.And the food isn’t cheap. They need a 120 gallon tank as red eared sliders are as big as 12in which could cost you an Adverage of 600$ Man where are Corn Snakes? The snake, starter tank, 3 hides, water dish and faux fauna cost me £40 in total with an initial set of bedding. The heat mat and thermostat was about £30, next day delivery from Amazon and they’ll last his entire life. I went out and bought a 20kg sack of horse bedding/aspen which ended up being £10 that’ll last me a year or more. 50p for a pinkie mouse every 5-7 days, going down to as little as 5p when he’s fully grown and eating day old, culled chicks. They’ve got a docile temperament, easily handled and are very interesting to watch. If you want a cheap, interesting, and pretty interactive pet, go for a corn snake. Leave a ReplyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Δ Browse Related Articles Family Finances 4 Awesome Alternatives to Pet Ownership Financial Planning 6 Potential Tax Breaks for Pet Owners Budgeting 101 Budgeting for a New Pet How To Considering Pet Ownership? Here’s How Much to Bud… Financial Planning Pets for Every Lifestyle Financial Planning Are You Financially Responsible Enough for a Pet? [Flow… Financial Planning The Lifetime Costs of Pets Trends Pet Obsessed: The Cost of Cute Saving 101 The Coupon Guide for Pet Owners Financial Planning Should You Buy Pet Insurance?