Dog Breeds That are Easier on Your Wallet

fox hound

According to Puppy Lover News, certain dog breeds are not as expensive to raise as others. Therefore, anyone making a decision adopt a dog needs to know what to expect. For example, first you will face the initial expenses and then the annual costs. Initial expenses include the purchase of the dog, neutering or spaying, dog training, emergency cots and general supplies.

These costs alone can add up to $2,000+ per year. Annual costs, on the other hand, cover the expenses that keep your dog healthy and happy. These costs include food, vet bills, grooming, training, treats and toys, all which adds up, over time, to $2,300+. However, the above figures are median averages. The kind of breed you buy or adopt will determine what you will spend in the long run. The following listing reviews some of the lesser expensive dog breeds.

#1 – English Fox Hound

A larger dog breed, the English Foxhound weighs from 65 to 75 pounds and usually lives 10 to 13 years – not long when compared to smaller dogs. The dog has a great temperament and normally costs about $100 when it is a puppy. You will spend about $150 in the first year for food and double that amount by the second year. The dog will need to get vaccinated and medically checked (about $500 for the year). General supplies costs about $350 during the first year and then $100 for each year thereafter. After you tally the expenses, multiply the number by 12 years (the approximate average lifespan) and then include about $1,000 for any incidentals. When you calculate the figures, you end up spending about $350 per year for the hound.

#2 – The American Fox Hound

The second breed that is lower in cost is the American Fox Hound. To purchase the dog, you will need about $400. Similar in temperament and health to an English Fox Hound, an American Foxhound costs about $300 per year in vaccinations, food and medical costs. General supplies run around $350 initially and $100 each year thereafter. The breed, which also lives about 12 years, costs about $5,200 over a lifetime, or $400 per year.

#3 – The English Cocker Spaniel

The next top dog breed that is lower in cost is the English Cocker Spaniel. Living about 12 years, the dog weighs in at between 25 and 35 pounds. As a result, it is less costly to feed. For the first year, you will pay $600 to buy the dog, $125 for food, $500 for health care and around $300 in general supplies. This amount comes to $1,225 for the first year. Afterwards, the general cost is projected at $250 in food, $100 for health care, $100 in general supplies and $100 in toys and treats. The breed is just a bit more expensive to own than the English and American Fox Hounds and costs around $7,500 for 12 years.

One Final Note

To round out the list, other inexpensive dog breeds include the Miniature Schnauzer, Pomeranian, Rat Terrier, Beagle, Boxer and Dachshund.

New CFPB Rules May Eliminate 70% of Payday Loan Stores

The Money Shop

If opponents of the payday loan industry had their way the business model would be eviscerated entirely. But the Consumer Financial Protection Bureau (CFPB)’s new rules, which could go into effect as early as next year, could help the industry’s critics achieve their ultimate goal: annihilation.

Mississippi’s payday lending and auto-title lending industry could experience a transformation in a couple of years. This is when the consumer federal watchdog agency will start to fully clamp down on the these companies partaking in this business model.

As of 2018, jurisdictions across the United States could begin to witness a decline in the number of lenders. In fact, according to independent studies, the number of lenders would drop by as much as 65 percent. The CFPB has admitted that its proposal could see 70 percent of payday loan businesses go out of business.

The state of Mississippi could be impacted the most if the new regulations are adopted at the federal level. The Magnolia State has the highest concentration of payday lenders in the nation with more than 1,100 stores in operation, which means many stores could shut their doors.

One of the biggest questions that state officials have is: will new federal rules affect current statewide laws that are in the books? The CFPB says that in Mississippi’s case – officials had prohibited payday loan rollovers a couple of years ago – it would remain intact.

Many state officials since last week, including Arkansas Attorney General Leslie Rutledge, have complained that the federal watchdog agency didn’t consult with them. However, one CFPB official states that the proposal should serve and be viewed “as a floor and not a ceiling,” adding that “protections would be in addition to existing requirements under state or tribal law.”

Besides, even if the CFPB’s rules affected Mississippi’s consumer protection laws, it would receive immense pushback from local politicians, anti-poverty activist and community organizations. The CFPB, officials say, has no intention of eliminating local laws.

“The proposed small dollar loan rules released by the Consumer Financial Protection Bureau (CFPB) will bring much-needed relief to consumers,” said Bynum, vice chairman of the CFPB’s Consumer Advisory Board, in a statement.

“By making sure borrowers will only be placed in loans that they can afford to repay, and not subjected to predatory cycles of debt and collections, the CFPB strikes a balance of eliminating some of the most abusive financing practices currently in use, while creating an environment where responsible credit remains available.”

In the Hospitality State and states nationwide, the Center for Responsible Lending (CRL) discovered that online payday lenders earn $4.1 billion annual fees from borrowers. The CRL notes that the average short-term, high-interest $350 loan elicits $458 in fees.

Ultimately, the CFPB describes itself similar to the Environmental Protection Agency (EPA). It establishes a minimum threshold that all states have to follow, and then it is up to the states to develop their own rules and regulations that they think are in the best interest of citizens.

Costco Changes Its Credit Card Provider

Costco

Costco switched its credit card providers on June 20, 2016. The changeover caused the popular bulk retailer to end a 16-year relationship with American Express. The new credit card provider is now Citi Visa, whose Costco Anywhere Visa Card by Citi will now be used by members of the wholesale club – a club whose membership is comprised of approximately 81 million people. In turn, Costco’s TrueEarnings American Express card is now considered invalid.

According to the report, Costco is currently in the process of mailing out the new Visa cards. Also, members’ cash-back credits will be included on the new Citi cards. No annual fee is charged to use the new Visa card, other than the yearly $55 Costco membership fee.

The switch makes Visa the exclusive credit card for the wholesale buying company, which means other non-Visa credit cards cannot be used. However, customers do not need to use a Costco-branded Visa card. Other Visa cards will also be accepted. Buyers can still pay with checks, cash, debit cards, electronic benefit transfer (EBT) and their Costco cash cards.

The new Costco Visa care will double as a membership card as well. However, you do not have to own a Costco Visa. Customers can still use their Costco identification too. The company says they felt that the switch to the Visa brand card offers exemplary benefits when compared to those provided by American Express.

For example, customers receive 4% cash back on gas purchases up to $7,000 per year. After $7,000 is spent, customers still receive 1% cash back. The company adds that those amounts represent an increase from the 3% customers received on the first $4,000 on the old American Express Costco card.

Not only that, eligible travel and dining purchases also offer more in the way of a cash back. The new Visa card gives customers 3% back on their purchases compared to 2% on the American Express Costco Card. In addition, customers will receive 2% back for shopping at Costco or Costco.com, versus getting 1% back on the American Express card.