This is a question for everyone, especially parents. My dad and I are further discussing me getting my own horse after my lease on Major is done (in August after show season). I'll say what I'm already planning on saying and you guys can help me out with any additions.
I've made up a budget, and it's around $140 a month, providing I do at least 4 hours of barn work for my instructor per week. (as she's said I can work off board) I've been riding for seven years, showing for a three and my lease horse was pretty green when I first got him... so I'm experienced with that. I did most of his training.
I also have a part-time job this summer and will be making $600 over the course of 6 weeks. I'm planning on applying at local stores and seeing if I can pick up a few shifts (just a couple hours really a week). If I can manage that, my dad's only real expense will be the horse. (the one I'm interested in is $4000)
I'm planning on leasing the horse out during university, so he'll receive the income from that.
My mom (my parents are divorced) has said she'll pay for my lesson each week, so my dad (who has, by far, the least expenses out of the two of them) and I will be splitting the rest. I'm also sure that I could do some work for him if I need to. Currently, we're paying $265 a month for board and a good $160+ for lessons.
Plus, I really think there's a whole new dimension to riding when you actually own the horse.