Saving up for another horse.. - The Horse Forum

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post #1 of 12 Old 01-07-2014, 07:52 PM Thread Starter
Green Broke
 
Join Date: Jan 2012
Location: Northern colorado:)
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Talking Saving up for another horse..

So, I have a job working at Burger King and I pay already for Sunny( most of it. Except board and I'm sure if an emergency came into the scenario my dad would help out with that. )

Now, my dad and I have talked about me getting another horse, better suited for gaming events, in the spring. I told him I would like to get the almost coming 3 year old Paint cross. I haven't seen her since she was 1 1/2 but was planning on going and looking at her if she came up for sale( not 100% sure she's for sale.. YET)

Anyways, he said that IF I want to get another horse my grades need to stay good( shouldn't be too hard as he also said "STRAIGHT A's gets you a truck-- I really want a truck lol) so school is #1 this semester.. anyways.. and also that the 'horse of choice' needs to be quality bred...

Which means a no to this mare:(.. She's kinda just back yard bred..

I think I will 'look' for a quarter horse mare. I know that my family has always bred and owned paints. But there is just something about quarter horses that is very appealing to me .. especcially for barrel racing.. And a mare for breeding.. WAY later on when my life is put together some what.. MAYBE hah.

Anyways, the point to this thread.. I really don't know.. HOW have you managed to SAVE the money for ANOTHER horse.?

I just got paid 125$( two week pay check looks like around that much).. and had to give $10 to my sister for taking me to work ( TWICE.. irritating. When I didn't ask her.. but still very nice of her so not too big of a deal)
And then I went and got some food $7.. soo I have right now 107$ in my account.. and have to give my dad $60 soon for more hay..

Gosh it may be hard to save.. but maybe come spring I will have some money:)!!!

http://www.horseforum.com/member-journals/sunnys-thread-160521/ << read about Sunny and I. Our journey
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post #2 of 12 Old 01-07-2014, 10:08 PM
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Join Date: Apr 2013
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For a well bred and quality Quarter Horse you could be looking at about at a price tag well over 1000 (of course it varies with location and the local market). And depending on how much you need to be spending on hay/board and for health care for your current horse and it could take you a while to save up to afford a new horse. Not to mention the price tag of a new horse would also come with the cost of board/feed for it and could come with the need for a new saddle/tack to fit the horse ($$$). You might also want to make sure you have enough saved up to have a cushion in case the new horse needs emergency vet bills taken care of too before purchasing.

I can't give advice as to make more money- I work on a farm that pays good and I raise/sell steers from our dairy herd. My boss also gives me a nice x-mas bonus which is how I was able to pay for my new yearling. Just work hard, put school first, no major splurging on yourself, and save save save.
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post #3 of 12 Old 01-07-2014, 11:47 PM
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Join Date: Apr 2013
Location: OK
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Saving money is hard! We are on a fixed income so we don't have extra money floating around, but what I have done is make a "savings" envelope. When we have an extra $10 or $20 I put it in the envelope. Money can go in, but NOT out of the envelope!! That is very important. We are wanting to buy a trailer with living quarters so we can go trail riding all over the US.
Good Luck😊
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post #4 of 12 Old 01-08-2014, 12:14 AM
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^^^^ This, it works. When money is out of pocket its out of mind to be spent. Most of the time ;) Its how my hubby and I saved for our wedding. And now saving up for a house. :)
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post #5 of 12 Old 01-08-2014, 01:53 AM
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Join Date: Sep 2012
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MsLady has a brilliant idea! At the end of every fortnight, any money left over from your previous paycheck could go into your savings.

My case is a little different since a) I'm saving for a car and b) my job pays more, but I'm planning to set up automatic transfers on my bank account. Every week, say $50 of my paycheck will go to my parents, and another $50 into a savings account that I can't touch. That leaves me with at least $200 a week to spend on everything else which, when I used to be living on $250 a fortnight, shouldn't be too hard for me! Even if I only worked say 40 weeks this year, that's still $2000 I will have in that savings account by the end of the year!

In your case, if you can put $20 away a week, that's just over $1000 by this time next year. Of course, the more money you earn the more you can set aside, so if you can pick up any odd jobs (mucking stables, walking dogs, more hours at Burger King), just think of the extra money!
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post #6 of 12 Old 01-08-2014, 04:08 AM
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Quote:
Originally Posted by Tracer View Post
MsLady has a brilliant idea! At the end of every fortnight, any money left over from your previous paycheck could go into your savings.

My case is a little different since a) I'm saving for a car and b) my job pays more, but I'm planning to set up automatic transfers on my bank account. Every week, say $50 of my paycheck will go to my parents, and another $50 into a savings account that I can't touch. That leaves me with at least $200 a week to spend on everything else which, when I used to be living on $250 a fortnight, shouldn't be too hard for me! Even if I only worked say 40 weeks this year, that's still $2000 I will have in that savings account by the end of the year!

In your case, if you can put $20 away a week, that's just over $1000 by this time next year. Of course, the more money you earn the more you can set aside, so if you can pick up any odd jobs (mucking stables, walking dogs, more hours at Burger King), just think of the extra money!


At the beginning of every fortnight you put money in savings, not what is "left over". Always "pay yourself first". Then buy the fast food , if you still have money.

Your dad is very generous to offer you the reward/bribe of a truck for straight A's. To be honest, I think you should not consider your current financial state as stable enough for another horse.
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post #7 of 12 Old 01-08-2014, 04:50 AM
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I think tinylilly is right.
Also how will you have time to work 2 horses, part time and mani brain straight As?

But I use an empty wine bottle for saving. Money goes in and I have to smash it to get it out.
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post #8 of 12 Old 01-08-2014, 06:22 AM
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Originally Posted by Prinella View Post
I think tinylilly is right.
Also how will you have time to work 2 horses, part time and mani brain straight As?

But I use an empty wine bottle for saving. Money goes in and I have to smash it to get it out.
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That's brilliant! I may have to steal that one. :)
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post #9 of 12 Old 01-08-2014, 06:22 PM
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I wish I could afford to buy a second horse and still have money to live, and time for everything else.
Can you not wait until you finish school, find yourself a decent job and buy a horse yourself once you can support it?
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post #10 of 12 Old 01-08-2014, 07:30 PM Thread Starter
Green Broke
 
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Im not sure if people are getting the idea that I have to pay for this horse 100%. All my dad really makes me pay for is the stuff I WANT for my horse.. and hay.. which he sells a BIG bale to me for $65 . I don't have to pay for the horse myself. Just some of it. MY DAD is SUPPORTING the horse finicially for the most part.

And we have 40 acres. So no board.

http://www.horseforum.com/member-journals/sunnys-thread-160521/ << read about Sunny and I. Our journey
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