The rising cost of living is having a huge impact on everyone's personal finances - including the households with pets.
Animal welfare charity Battersea has estimated the cost of owning a dog in the UK is now approximately £2,000 a year - totalling £26,000 over the average pooch's lifetime.
This includes the cost of buying dog food and treats, poo bags, grooming, routine healthcare, insurance and pet sitting - but will vary dramatically depending on the size, age, type and health of the animal.
Battersea is cautioning prospective owners to plan well ahead and assess their financial situation before making the long-term financial commitment to own a dog.
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Rob Young, head of centre operations at Battersea, said: "Faced with rising food and energy prices, for many UK households the current environment is a challenging one.
"Given this, it's really important that people are fully informed about the costs associated with owning a dog – equipping yourself with this knowledge in advance will help ensure a happier, less stressful experience for both you and your dog.
"It also reduces the likelihood of having to make the heartbreaking decision to give them up if you can no longer afford to keep them.
"Fortunately, there are adjustments that owners can make to reduce the cost of caring for a pet without compromising their health or wellbeing.
"From switching to lower-priced but high nutrient brands, to making your own treats and toys at home, switching up the little things can help to keep costs down.
"There are, however, areas where people should be wary of cutting corners.
"For example, while some owners may see pet insurance as a nice-to-have additional expense, it protects you from facing thousands of pounds in vet bills should your dog fall ill or have an accident.
"This year, we've sadly seen a sharp increase in the number of people having to give up their dogs because they can't afford essential veterinary treatment."
It comes as numerous animal charities see a huge spike in calls from Brits who can't afford to continue caring for their pets.
The Dogs Trust has had 18,000 calls this year from distraught pet owners who can no longer afford to keep their much loved animals - 55% increase on the first half of the last year.
The Trust's Adam Clowes said: "Owners are having to make decisions between heating their homes, feeding their children or giving up their dog.
"Everyone is facing the same tsunami of requests. And we have to ascertain how urgent the need is."
Claire Sparkes of Gables Dogs and Cats Home in Plymouth added: "The calls we are receiving are increasingly now from people who genuinely can't afford to keep their pets any longer."
To help support pet owners amid the crisis, the RSPCA has shared eight top tips for saving money whilst keeping your dog at home.
1. Change up their food
Pet food can be incredibly expensive so why not explore whether there is a cheaper food that is still high welfare and meets your pets' needs?
To make it stretch further, you could mix your regular dog's favourite food with a cheaper brand.
Dry food goes much further than wet food, even though the upfront cost can be higher.
Remember to always check with your vet before switching your pet's diet.
2. Order medication online
Did you know it can be cheaper to buy medication online?
Your vet can write you a prescription for a small fee and you can order medication online which is usually much cheaper than buying direct from the vet.
3. Ask family and friends for help
We all know not to leave our pets at home all day on their own; professional pet-sitters and dog walkers are often a lifeline but they can be pricey.
Do you have trusted friends or family who could help take care of your pet when you're on holiday or walk your dog if you're out all day?
Or why not start up a responsible community group where you all help each other out with pet care?
Just remember to introduce your pets to new people gradually and ensure they are comfortable with their new friends before leaving them in charge.
4. Explore payment options
Some vets offer payment plans through a credit company if you need help spreading the cost.
Not every vet can offer this, but it's worth asking if this is an option.
Paying off small amounts every week or month might be easier to manage than a large upfront payment.
Find out more about getting help with vet bills on the RSPCA website.
5. Find the best insurance
Pet insurance premiums can go up and up so it's always worth shopping around to see if you can get a suitable level of cover with another provider - but beware policies with lots of limitations and remember pre-existing conditions won't be covered.
Insurance will also give you peace of mind that any surprise vet bills will be covered.
6. Get crafty
Pet treats and new toys can soon add up so why not get crafty and have a go at making your own at home?
Enrichment is so important for every animal's wellbeing, and you can use household items you have around the house, such as cardboard, old T-shirts and socks.
7. Keep on top of treatments
Preventing problems is cheaper and easier than treating them once they arrive.
Behaviour problems in pets can be really tricky to get on top of so it's really important to ensure our pets get good early life experiences and are well trained and socialised.
And keep on top of preventative care like worming and flea treatments which can become costly problems if not addressed.
Some vets offer a paid monthly service for wormer, tick and flea treatment too which helps to spread the cost.
8. Utilise one room
If you're struggling with the costs of heating and lighting, move multiple animals into the same room so heat sources don't have to work as hard, while taking care that they are not overheating.
Don't be tempted to turn down temperatures or light sources as this can lead to debilitating conditions for exotic animals - and potentially high vet bills in the future.
Speak to your energy supplier if you're struggling, they may be able to offer a cheaper tariff or payment plan.
Do you have a dog story to share? Email nia.dalton@reachplc.com.
