Emergency saveings fund?
   

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Emergency saveings fund?

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  • Emergency fund for horses

 
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    08-26-2011, 10:58 AM
  #1
Weanling
Emergency saveings fund?

How many of you have an emergency fund set aside just for your horse/horses? How much do you think is a good amount for each horse you own? I have one set aside for my dog and I think its a good idea to have one for my future horse as well.
     
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    08-26-2011, 11:12 AM
  #2
Foal
I agree it is important to set funds aside. However I prefer a single savings fund which covers 3 to 9 months of living expenses. The more responibilities, like horse ownership, the more number of months worth of expenses I'd have saved. I don't see a benefit to keeping emer funds separate for designated pets. But ultimtely the best strategy is the one that works for you :)
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    08-26-2011, 11:30 AM
  #3
Showing
I keep one separate for horse expenses in my name only just so I know my hubby doesn't get a wild hair up his rear and go buy something ridiculous we don't need. I'm a tight wad he isn't, last time it was a bigger 4 wheeler... I have 11 horses right now so I like to keep a fair amt set back, at least enough to cover an emergency surgery. I about drained it last year with Woodstock's tendon injury - he racked up 6k in vet bills. Normally I don't have to use it but its sure nice to have a safety net.
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    08-26-2011, 12:01 PM
  #4
Yearling
I just spent mine on a generator to water the horses if the power goes out during the hurricane. They are talking 50-70mph winds here... My MONEY >.<
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    08-26-2011, 12:17 PM
  #5
dee
Started
With $$ as tight as it is for me right now, I thought I was going to have to part with some of the horses. Daughter and son in law really wouldn't let any of the go, even though I really can't afford their care right now. I can feed them okay, but if anything else came up, we'd be in a pickle.

I finally broke down and got a credit card - haven't had one for years. It's only good for medical/veterinary expenses, so there is no temptation to use it for anything else. Good thing I got it, too. I did use it to get all the dogs shots and heart worm medications $550 worth! Then, with the rest of the animals, if it hasn't been one thing, it's been another.

Gelding the daughter and her hubby "rescued" turned out to not be a gelding - There went a quick $250. Daughter's cat ran into trouble having kittens - another $200. My new dog got something in her eye, causing it to swell and look hideous - another $150. Daughter had another cat get sick (it eventually died) - another $350, then last week, one of her horses cut his foot open - nicking an artery in the process (vet was there in less than 20 minutes from 30 miles away - wow!) - that was another $500. This is all in the space of three months. If things don't settle down vetrinarian wise - I may be up a creek reql quick!
     
    08-26-2011, 10:02 PM
  #6
Weanling
Quote:
Originally Posted by dee    
With $$ as tight as it is for me right now, I thought I was going to have to part with some of the horses. Daughter and son in law really wouldn't let any of the go, even though I really can't afford their care right now. I can feed them okay, but if anything else came up, we'd be in a pickle.

I finally broke down and got a credit card - haven't had one for years. It's only good for medical/veterinary expenses, so there is no temptation to use it for anything else. Good thing I got it, too. I did use it to get all the dogs shots and heart worm medications $550 worth! Then, with the rest of the animals, if it hasn't been one thing, it's been another.

Gelding the daughter and her hubby "rescued" turned out to not be a gelding - There went a quick $250. Daughter's cat ran into trouble having kittens - another $200. My new dog got something in her eye, causing it to swell and look hideous - another $150. Daughter had another cat get sick (it eventually died) - another $350, then last week, one of her horses cut his foot open - nicking an artery in the process (vet was there in less than 20 minutes from 30 miles away - wow!) - that was another $500. This is all in the space of three months. If things don't settle down vetrinarian wise - I may be up a creek reql quick!
WOW you have really been haveing a ruff time! I hope things get better for you.
     
    08-27-2011, 02:54 AM
  #7
Foal
I don't have a specific fund, but I do have a healthcare credit card like Dee. I also have my own personal credit card, which I would use if need be.

Knock on wood, I've never had a problem with a horse I couldn't fix on my own....
     
    08-27-2011, 05:14 AM
  #8
Started
I feel very fortunate not having the issues the previous post have. But the discription of hiding money from the husband sounds just like my wife. And every man needs a bigger 4X4. Wife holds the purse strings.
     
    08-27-2011, 06:03 AM
  #9
Showing
Dee hope it gets better! When it rains it pours :(

Lol Stan! Mine isn't hidden exactly, he knows it's there. He has a play fund for his toys too, so it's fair. Funny about the truck, at my house it's me who has the monster diesel 4X4..I do let him drive it sometimes though ;)
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    08-27-2011, 06:45 AM
  #10
Weanling
I have about 2000 set aside and I am already having to use most of it. More so on his tack then anything though. So I will have to start building back up soon after. However I think having 2000 is a good amount and it can't hurt to have more.
     

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