Has the economy affected you?
 
 

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Has the economy affected you?

This is a discussion on Has the economy affected you? within the Horse Talk forums, part of the Keeping and Caring for Horses category
  • How has the economy affected you
  • Has economy affected selling on ebay

View Poll Results: How has the economy affected you?
No. Everything is the same. 5 33.33%
Yes, things are bit rough right now. 7 46.67%
Yes, things we trying our hardest to keep our horses. 3 20.00%
Yes, I had to sell/give up our horses. 0 0%
Voters: 15. You may not vote on this poll

 
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    01-16-2009, 12:56 AM
  #1
Yearling
Has the economy affected you?

Has the economy had an effect on any of the horse owners here? I'm only referring to the ones that are in complete ownership of their own horse (no loans) and are paying for everything themselves (no parental help).

How have things changed (if they have), and what is currently your biggest expense.

The reason that I ask, is that I am interested in getting a horse but the only thing stopping me right now is the crappy economy. I want to hear from actual horse owners, what impact its really had on you.
     
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    01-16-2009, 01:11 AM
  #2
Weanling
I can't say it has except in selling them then it certainly has. But as far as owning them no it hasn't changed anything. But I raise my own hay and grain so my feed costs aren't any different.
     
    01-16-2009, 01:16 AM
  #3
Weanling
First off, I think that's a good question on your part and shows that you are really thinking this out.

I just got a horse a couple weeks ago (after not having had horses for over 10 years), and I had to budget, plan, and think this out for about 6 months before I made my mind up. Writing up anticipated costs and just researching and talking to people really helped me. I called my vet a lot (I'm lucky that my vet sees small pets, equine, and bovine) to ask questions. I asked horse-owners in my area questions. I wrote down figures over and over to get an idea of annual cost (and came up with different answers every time :). When I was sure that I could afford it and had back-up "emergency" money, I went for it.

Yes, the economy has affected me like everyone else. However, rather than make cuts in my pets' expense needs, I've simply made some cuts in my personal budget (shopping, going out to eat...). I think it's worth it to keep my babies, because they make me happy. :) It's all about prioritizing, but definitely keep planning like you are.
     
    01-16-2009, 01:59 AM
  #4
Weanling
Exclamation

It hasn't affected me because although I own my horse, I don't pay to take care of her. I love my job.

I am making a lot less money, though, since I get paid on commissions and tips.

I know some people from work who are complaining that they can't afford to feed their horses, but they're horrible with their money. The husband was complaining about how his horses are getting skinny because he can't afford to buy hay for them, then not even 2 minutes later he starts talking about how he has to trade his motorcycle (with a $350 a month payment at 26%) in for a new one because it's a year old. So I guess yes and no. If you're the kind of person who's always broke no matter how much money you make, I guess it's always going to be hard to feed your horses, no matter how the economy is doing.
     
    01-16-2009, 02:20 AM
  #5
Yearling
Yes, I can't find any work. Im living off a loan from a friend and selling all the crap I don't need anymore on ebay to try and make ends meet, and it doesnt look like I will find a job. I can't even get Centerlink payments because all that mob do is skrew people over.

Luckily I have a lease on a 100 acre paddock, so Im not paying anything in feed and there is a spring so they have plenty of water. But the lease comes up next month, and if someone can pay more for it I lose it. And I have to pay for the full years lease at once, too.

Selling my babies isnt an option because they are my life and keep me sain, so Ill give up everything else to keep them. The only exception is my black TB who I bought with the intention of selling, however Im having a hard time finding a buyer.
     
    01-16-2009, 01:52 PM
  #6
Started
I have to really look at were I am putting my money. I used to go out to eat more and shop for like clothes and extra horse things but that is totally on hold. I will shop for clothes when I need to replace, and eating out is really out of the question. I plan the meals (for my BF and I) so that there is enough for supper and lunch so that we don't have to go out and spend extra. I even will bring in my cereal and milk to work for breakfast.

I travel tons less and horse show numbers are way down. I used to go to 12-15 a year and last year was 3. I have learned to enjoy my horses in other ways instead of showing. I keep enough money saved in cause I need to put one of the girls down (God forbid) but it is better then making them suffer and I have means to have major medical on them if need be.

I put my budget around the horses: they are top priority since they didn't decide that I own them. I make sure shots, trimming, worming...etc is covered and I even lease out Chloe to help with some of it.

Other things that I have changed is the temp in the house is a lot lower- just use more blankets and clothes. We barely ever go to a bar either... if we want drinks we will buy from the store and mix our own- tons cheaper. Things are a bit tough sometimes... since Im young and just starting out I tend to live paycheck-to-paycheck... but I write everything down so I know where I am at and then I don't get into trouble with missing payments. I would have a hard time selling my girls in fear of what their future would hold.
     
    01-16-2009, 02:11 PM
  #7
Yearling
YES! I have two things going on right now that the economy has screwed up. I am a sales person at an oilfield supply company and I am on the Shell job. Oil has gone down so much that my project isnt going ahead with the second phase of the job till next year. I work for salary and commision...so my commision is going down like crazy which most of the time was bigger than my salary every two weeks. Also...horses is another thing for me. I used to be selling my babies for $1500-$2000 before they hit the ground. Now im lucky if I get $1000 for a started 3 year old. Me and my fiance just bought our first big property with a barn and riding arena and we have had to do a bunch of work to it...so because of this my fiance has had to pick up a second job to make ends meet. I have been giving a few locals some riding lessons to bring in a little more cash here and there as well.

Also my fiance is a journymen heavy duty mechanic. Since the price of oil and gas have gone down so much the amount of trucks running right now in our province has dropped as well. So his shop is barely staying alive right now and there one of the best in the city.

So needless to say...YES, the economy has turned us around and kicked us in our bums!
     
    01-16-2009, 03:02 PM
  #8
Weanling
I think has effected almost everyone in some way or another. My husband is a contractor and allthough he has had work we are preparring for what might be to come. I am thinking about cutting back on shows.
     
    01-16-2009, 04:10 PM
  #9
Trained
It's hard for me to say if the economy has really caused us any trouble. A few months back we stopped using the credit card processor we had used for a few years and because of that couldn't sell our software. Since we couldn't sell it we've been trying to find a better processor, without much luck.

We own our own business, but we are more computer based, than expecting people to walk in, and we have found that even though the economy is in the toilet, there are still people buying things online.

We have ebay-ed quite a few things that cost us a bit of money last year that were just laying around collecting dust. My fiance owns his own store we have rent for that (plus ultities). Thankfully we live with his FIL so we don't pay rent for that. (we just split the bills).

Also, we bought a 3rd horse (a birthday present) in september, so that has added onto the horse bill. I did at one point put my mare up for sale, but we have decided to keep her and maybe lease her out come spring time. Time will tell though.

All in all, yes its tough, yes it stressful, but we will go live on the streets before we sell a horse. We made the commitment and buy accepting them we have to take on the responsibility of them for the rest of their lives.
     
    01-16-2009, 04:24 PM
  #10
Showing
I haven't voted yet, I'm still thinking about it. My husband was cut down to 3 days a week for several months before Christmas. The holidays were very thin. We don't have a ton of bills and our house is about paid for. When fuel costs were really high we started cutting back on eating out and even trips to town. We have been staying on that trend. We stay at home, ride at home, eat at home So yeah, I guess it has affected me, but it started back when fuel prices went so high, not just the stock market crashes
     

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