Yes, you'll be fine.....you'll have a fair amount of expenses with college and horses.....
Have you determined what your expenses are going to be an how you're going to cover them?
Figure this out and the rest is gravy.
There's a time to live small and a time to live large. The smaller you can live the easier this will be IMO.
We all go through this....it's a right of passage. It's your turn....Cowgirl up!