So here are the answers:
WHAT IS THE AVERAGE LIFESPAN OF A PET CHINCHILLA?
The answer is 18 years. There are some cases of a Chinchilla living into it's twenties.
WHAT KIND OF BEDDING/ LITTER SHOULD YOU USE FOR A PET FERRET?
The answer to this question is: Recycled paper bedding
Here is why:
Wood shavings and ferrets do not mix. Cedar and Pine are not good for any small animal, and pretty much all wood shavings irritate ferret's skin.
Corn cob bedding shouldn't even be sold in my opinion. It is not good for most small pets because they might try to eat it and it is rough and is not very absorbent. It also has a reputation of getting moldy quickly which is harmful for your pet and increases how often you would need to clean it out which in turn makes it expensive to use. For the most part most experience small pet owners and small pet care guides do not recommend corn cob bedding for use with any pet.
Cat litter is debatable. Some people use it for ferrets and they are fine. We have used it at the shelter before, but I generally prefer not to use it with ferrets for two reasons:
Ferrets like to dig everywhere and it makes a mess
When ferrets use the litter box they always back into it and because of how low they are to the ground the litter can get scooped up and lodged in the ferrets rectum. (I know it is kinda gross but it has happened before)
I have also noticed that the litter tends to get all over the ferrets fur which is kind of a pain in the neck.
For ferret litter I would look for "Marshall's recyled paper litter" or "yesterday's news litter". These are super easy to clean and super absorbent and not too expensive.
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