Do you have lots $$$$$$ to have a horse? - Page 3
 
 

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Do you have lots $$$$$$ to have a horse?

This is a discussion on Do you have lots $$$$$$ to have a horse? within the Horse Talk forums, part of the Keeping and Caring for Horses category
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    10-03-2012, 12:45 AM
  #21
Banned
I live in a fairly inexpensive part of the "horse world". I'll go ahead and list my expenses for the month of September, so you can see what a bad month for our area looks like.

Feed: $32
Farrier: $35
Hay: $8.00/bale .. Drifter went through 10 bales while on paddock rest..so $80
Teeth Floating: $150
Ranitidine for ulcers: $15
Tums for Ulcers: $6
2 tubes of gastro guard for ulcers: $70
Alfalfa Cubes: $14
Xrays for hocks/stifle: $800
Vet visit for injured stifle: $175

Total: $1,377

Plus my boarding cost, but you said not to include that, and I have paid for additional things like a new fly mask, a fly sheet, dewormer and thrush buster that I did not include...

That's horrible. I wish I hadn't added it all up like that now. Now my monthly fee is usually no where near this, but a lot of things piled up on us this month. It was one of those months when what CAN go wrong DID go wrong. I think it is important to realize that as a horse owner you WILL have months like this. Drifter usually costs me somewhere around maybe $200/month, but that doesnt mean I should always assume it will be that amount. I would have been SOL if I hadn't been prepared for an emergency such as this month.

I tell people that to budget for a horse plan for an emergency every month...if you have enough to cover that you can safely (stress free) own a horse.
     
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    10-03-2012, 12:51 AM
  #22
Started
If you are asking because you are considering getting a horse, then I'd talk to the horse people in your community. You may at least be able to get a ballpark idea of how much you will be spending a month. It really does vary greatly....not only from locations, but from horse to horse, as well.
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    10-03-2012, 12:57 AM
  #23
Banned
I am spending on average $500 a month for one horse. I am envious of those who keep their horses at their houses, that's not an option for me.

Board is $375
Farrier $160-190 every 6 weeks
Lessons - not having any at the moment, but usually $40 a week
Supplements/salt/mineral licks about $20ish
Recently had three sessions with a chiro, I'd rather not think about as he still needs more.

That's without any vet costs.
     
    10-03-2012, 10:38 AM
  #24
Weanling
There are also "start up" costs as well. Those were an eye opener for me.

Cost of horse
PPE - pre purchase vet exam
Halter and lead rope
Saddle
Saddle blanket
Girth
Bridle
Bit
Winter Blanket
Cooler
Sheet
Buckets
Scoops
Bucket hangers
Grooming tools
First aid supplies
Polo wraps
Fly mask (if needed)
Clippers
Food storage container(s) (keep the pests out)
Registration transfer fees
Breed Association fees/other membership fees.

Some of those costs may not apply to you, but there are so many things you do need if it's your first horse and you don't own these items. Some can be obtained for free, but you would be wise to put aside money for these types of items in the first month you own the horse.
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    10-03-2012, 11:38 AM
  #25
Green Broke
Personaly I probably pay about 500 a month to keep 2 competition horses (not including my recent massive vet bills).

I do know people who keep horses on far less then that.
     
    10-03-2012, 11:51 AM
  #26
Super Moderator
It really does depend on how you keep them. If you are on a good yard in my area that does everything for you and has a good indoor and other facilities then you are going to pay around $1000 per month - but then training costs, showing costs, vet fees, clipping, tack etc will go on top of that.
If you are keeping your horse on pasture board with maybe just a riding ring then the cost will be way less - though you will still have to budget for the unexpected vets bills - or pay insurance to cover (and that comes with all sorts of small print)
I could say that owning your own property is the cheapest and best way to do it (as long as you don't mind all the work and responsibility that goes with that) but unless you inherit or win the Lottery it has to be paid for and mortgages don't come cheaply!!!
     
    10-03-2012, 01:05 PM
  #27
Trained
Quote:
Originally Posted by amg800    
Ok so everyone keeps telling me "Horses are sooo expensive to keep!" this is the reason I don't have a horse. Cause everyone says they cost like 1,000 dollars a month! Is this true? Or is everyone just exaggerating?
How much does a horse really cost each month not including board?
Thanks
It depends.

There are plenty of barns around me which charge $600-$1200 a month in board. The vet and farrier on top of that. There are plenty of places who charge only a few hundred - my board is $200. Tack can vary and if you're a hoarder it can get expensive. If you have property to keep your horse on, there's the fencing and other structures you'll have to set up but then all you have to pay for is feed, vet and farrier. However when there's drought, like now, feed can be hard to find and expensive!

If you take lessons or have a trainer, that adds to your cost. You sound on the younger side so you'll be looking at regular lessons.

If you show, that's more cost. High end shows can easily run you over a thousand dollars or more in just entry fees. If you don't have a trailer you'll have to pay someone to haul you. You'll have to pay your trainer, stall fees, meals, hotel fees if its far, show clothes, show tack, etc

So really....it depends on what you do with the horse and how you keep it.
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    10-03-2012, 01:15 PM
  #28
Green Broke
As others have said, it varies on what you plan to do with your horse.. There is one thing for sure though, actually buying the horse is the least expensive thing you will buy. Then you have to have tack, brushes, feed, vet care, shots, ferriar, first aid kit, halters, leads, sheets, blankets, lessons, maybe board, buckets, different necessary items around the barn..The list goes on and on..Then if you buy a trailer to haul your horse.. and the only way to make a small fortune in horses is to start with a large fortune.
     
    10-03-2012, 01:31 PM
  #29
Foal
Talking

THANK YOU all so much for your replies!!!!! It seems like they aren't as expensive as I thought I will talk to my trainer and ask her opinion. But I really really appreciate all the feedback!!
Thanks
Again
     
    10-03-2012, 01:38 PM
  #30
Banned
Quote:
Originally Posted by amg800    
THANK YOU all so much for your replies!!!!! It seems like they aren't as expensive as I thought I will talk to my trainer and ask her opinion. But I really really appreciate all the feedback!!
Thanks
Again
Most of the people with low costs are keeping their horses at home. If that's not an option for you, make sure you factor in board costs.
     

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