Join Date: Aug 2009
Location: New South Wales, Australia
My horse costs me about $385 a month all up, which includes about $150 in feed a month.
To be honest, I'd be pretty cautious. When I bought my horse I had a place a fair bit cheaper to keep her, with a lot more grass, and since moving I am paying much more in agistment and more than double in feed. I can barely afford to keep her, because even though I could afford her in the past, I over committed myself by getting a horse. So if you have to convince yourself that you have enough money you probably don't.
On top of these costs will be tack and gear costs, that can easily run into the thousands, as well as the cost of actually purchasing the horse. So no matter how cheap you convince yourself ownership will be - it will cost more. If you can't get baby sitting work or discounts make sure you can still cover the cost.
Secondly, self care means you will have to go out there daily at a bare minimum, and likely twice a day if you rug or feed more often. This means if its raining, snowing you still have to go. If you don't have your own transport you have to ensure that your parents understand that they will have to support you in this. At the same time, if you're sick then you'll need to make sure that someone will be able to go out when you can't, someone will be able to feed when you have to go on holidays, or school camp.
Finally, it takes a while to learn how to ride a horse adequately without supervision. At least 50 - 100 hours I'd guess, as a bare minimum, so make sure you're of a level where you can safely ride a horse. And, with only a couple of months of experience you're probably going to need regular lessons for another year or so - so add that onto your cost.
Don't rush into this, you can always get a horse later on in your life when you can afford it yourself. You might also find someone who will let your ride their horse for free, or cheaply, so don't cut off options. Ask around, start to make contacts etc.