7 benefits of owning a pet Shares Do you own a pet or have you always wanted one but couldn’t go through with it? Well, you might not be aware of just how much a pet can change your life. Did you know that owning a pet could have positive impacts on your health or that it can change your outlook on life? Pets aren’t just good for companionship. They help us in many other ways as well. Whether you prefer having a dog, cat, bird, or any other pet, you can rip some of the benefits that come with owning a pet.