People are including pets in their financial plans

ONE of Dianne Burns most important retirement plans involved a dapple-grey horse named Scout. The former forensic scientist had dreamed of riding once she stopped work. So it was a happy coincidence when she discovered that her financial plannerwho advises clients on Californias central coastloved horses, too. Thanks to precise financial modelling and strict budgeting, Ms Burns managed to set aside $20,000 for a pickup truck and $10,000 to buy Scout in 2016. Ms Burns says she plans to sell some shares next year so that she can buy her horse a trailerthough she hopes not to draw down her savings too much.Ms Burns joins a growing number of people who are including their pets in their financial plans. Two-thirds of all horse-owners in America have made some provision in their wills for their pets, according to a survey by the American Pet Products Association. Over a third of American pet-owners say they would pay for animal-related expenses by putting less into their retirement accounts. And three-quarters of those buying a home said they would turn down an otherwise ideal property if it did not meet their animals needs.
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