looking to own a horse have some questions - The Horse Forum
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post #1 of 7 Old 03-01-2013, 10:45 PM Thread Starter
Foal
 
Join Date: Mar 2013
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looking to own a horse have some questions

Hello everyone,

I am somewhat new to the hors ownership world as I have not ever owned a horse myself. I have grown up around horses and on a ranch but I don't know a lot about the funding involved for a horse. I live in Wyoming and was hoping to get some advice about funding, boarding, and other costs that come along with horse ownership. I have read books, done research, and asked friends about horses but I want to be absolutely sure that I am ready for horse ownership. I would like to learn how to barrel race eventually, if there is any advice any of you may have I would greatly appreciate it. Thank you!
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post #2 of 7 Old 03-02-2013, 12:16 AM
Yearling
 
Join Date: Oct 2012
Location: Brandon, Manitoba Canada
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Welcome to horse forum!
Being a horse owner is a big responsibility and is also can be expensive. I'm not sure about there for boarding on how much it would cost, check around in your area, talk to some boarders at different facilities and weigh the pro/cons.
You also have to pay a farrier to do your horse on a regular basis, some horses require it sooner than others, then yearly shots/deworming (twice a year), if you are going to take lessons or have a trainer help you out with your first horse....that's a extra cost and then their is the unexpected vet bills that may come up too......

My horses are the joy in my life.....
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post #3 of 7 Old 03-02-2013, 12:23 AM
Foal
 
Join Date: Jan 2013
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Hi there! I'm new to horses also and found this calculator that can give you an idea of how much it might cost per month to maintain a horse. It has different scenarios/options too, including farrier, grain, supplement, etc costs. Pretty neat to give you a ballpark figure! :)

How much does it cost to keep a horse? Handy "Cost of Horse Keeping" Calculator
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CojoCinder is offline  
post #4 of 7 Old 03-02-2013, 01:15 AM
Yearling
 
Join Date: Jan 2012
Location: Powhatan, Virginia
Posts: 877
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"Horses are expensive" is the biggest understatement I have heard in my entire life. Make sure you have PLENTY of money set aside before getting yourself into anything...that's a mistake I have seen too often.
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post #5 of 7 Old 03-02-2013, 01:28 AM
Trained
 
Join Date: Dec 2011
Location: Surrey BC
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Welcome to the forum so nice to meet you
good luck with your dream

Country Woman

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post #6 of 7 Old 03-02-2013, 10:01 PM Thread Starter
Foal
 
Join Date: Mar 2013
Posts: 2
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You all have been so helpful! Thank you!! Do you think it would be best to lease a horse during the summer? I am a college stdudent and will be for two more years. I have considered leasing but feel like I won't be able to jump and barrel race with a leased horse? I also don't know anywhere in Wyoming that has horses for lease. My family has a ranch and they are willing to let horses on the land if we are able to exercise them while they are with us. Any advice is appreciated! Thank you for all your help!
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post #7 of 7 Old 03-02-2013, 10:17 PM
Green Broke
 
Join Date: Aug 2009
Location: New South Wales, Australia
Posts: 4,790
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There is a huge variety of leases out there - not just one set of rules. Some leases maybe simple where you pay an agreed fee and have the right to ride the horse on certain days - yet have no more responsibility. Others might require you to share the costs or the care responsibilities. Some, often called free leases, you basically have the horse and can keep it where you choose but are responsible for all costs and care. Some leases you can take them to competitions others you have to keep on property. So you really have to look around and ask questions.

Horses are expensive, but not necessarily prohibitively depending on your choices and area. Some places you pay $500+ a month for board, but other times you might be able to rent a paddock for under $100 a month, and supply your own feed and care.

Another variable is the sort of horse you have. Certain types of horses typically need less feed to hold condition, and many horses can be kept unshod, and lightly rugged depending on your area. In comparison others might need a lot of feed, expensive shoeing, many rugs which also means pay more/spending time on unrugging and rugging.

All in all consider costs of keeping the horse somewhere and the feed (which might be included) and leave a margin for when feed goes up. There is also vet care, both routine and emergency, farrier, rugs, tack, gear, as well as dental. Plus moving your horse around if you move around a lot, all up in the past year I would have spent over $1000 just in transport. And then there is petrol/gas costs going to your horse, if you have to go everyday or twice a day it can cost more than you pay to keep your horse there.

But saying all that, many of my friends spend more money on going out on the town once or so a week, or eating out often, than I spend on my horse. In particular one of my friends buys takeout every night, not extravagantly, but he can't cook, and he would spend more on that than I would on my horse. My uncle and his wife spend more on cigarettes than I would on my horse. So its all relative.

I had a horse through parts of university. It can be good to lease but it can be much harder to find a good lease horse than a good horse to buy - but this is dependent on your area.
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