Costs are going to vary greatly depending on many, many variables.
Hay prices vary greatly and the amount you need will vary depending on how much grass your horse has access to. Horse quality bales cost around $10-12 each here. I board, so I'm not sure what my BO pays, but she did just raise our fees $20 per month to cover the increase in costs this fall.
Feed prices can vary depending on the quality of feed you choose. My feed is $16 per bag and we estimate our mare will eat between 3-4 bags per month.
Acey is on supplements (mare harmony, SmartCombo for her coat, hooves, gut, and joints). I pay $80 per month for those.
Acey is barefoot, so she needs trims every 6 weeks. I pay $35 per trim.
We float her teeth once a year...I pay around $150 for that.
Shots vary, but I budget $200 per year for those.
Those are recurring costs.
Add in vet bills (I'm at $500 so far this year) for various injuries.
And you cannot forget random costs for tack, fly spray, grooming supplies, and other supplies.
I'm estimating I spend between $7,000 - $10,000 per year. But that includes show fees, trailer payments, boarding costs, etc. I know many owners on this board spend less and others spend more.
The bottom line is that you need plenty of disposable income to properly maintain a horse. It's an expensive luxury item/hobby and should not be entered into lightly without extensive financial research about realistic costs in your area. Then, add 15% to whatever number you come up with. ;)
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