KEY POINTS
  • A survey by pet care site Rover found that to adjust for increasing prices, pet parents are trading down on things like food, treats and accessories for their dogs. 
  • In some cases, owners have been forced to say goodbye to their four-legged best friends.
  • Shelters across the country are hearing from more pet owners that they've been forced to surrender their animals due to housing or financial constraints.

Lisa Spillman can't imagine life without her dog, an 8-year-old chihuahua mix named Rosebud. But she says her household expenses were getting tough to handle.

"Everything – rent, groceries, dog food… it's all going really high," Spillman, 52, told CNBC.