Thinking of buying a horse

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Thinking of buying a horse

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  • 1 Post By OkieGal

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    04-02-2012, 11:14 PM
Thinking of buying a horse

Hi all
I am thinking of buying a horse. I just finished 4 months of co op for high school at a barn and I do ground training there now once a week. I am in Ontario so boarding is $200-$400 a month near me. The biggest question I have is I make about $9000 to 10000 a year at a retail store and am still at home and in high school.
I know its a lot of money once you buy a horse. It seems like I can afford it but I thought I would ask.
Any help would be great.
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    04-02-2012, 11:23 PM
Horses can cost $5000-$7000 a year for basic needs and care.
Figure in vet care, tack, training, all the neat little extras and things get PRETTY pricey.
Don't be surprised to spend a large chunk of your earnings on your horse.

But, where there is a will, there is a way. I believe you can do it.
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    04-02-2012, 11:54 PM
Green Broke
Sometimes horses are expensive, sometimes they're not, it all depends on the choices you make.

All up I'd get less than $15,000 a year and I live out of home, cover all my own expenses and last year I could still afford a horse so I think it is doable, but there are often sacrifices you need to make.
    04-03-2012, 10:25 AM
I think you'd be cutting it pretty close... Have you considered leasing instead of buying? That way if you find out you really can't afford it you don't have to worry about selling the horse etc. and you still get all the advantages of having your own horse.
    04-03-2012, 11:16 AM
Hope this helps.
Board $300 month = $3600
Farrier $35 x7 = $245
Vet =$300

That is without feed
    04-03-2012, 11:30 AM
Originally Posted by cowboy bowhunter    
Hope this helps.
Board $300 month = $3600
Farrier $35 x7 = $245
Vet =$300

That is without feed
That's also a very cheap farrier, for a horse who doesn't get shoes. (At least where I live.)
    04-05-2012, 10:10 PM
Thanks everyone for the help.
    04-05-2012, 10:15 PM
My biggest concern is what you will do once you are out of high school.
    04-05-2012, 10:15 PM
Originally Posted by cowboy bowhunter    
Hope this helps.
Board $300 month = $3600
Farrier $35 x7 = $245
Vet =$300

That is without feed
Or injuries, tack, trailer, gas and what ever else comes up
    04-06-2012, 01:30 PM
Just aiming on the high side for you.

Board: $400 x 12 = $4800
Farrier every 6 weeks, no shoes: $50 x 9 = $450
Vet: $500
Hay: $150 x 12 = $1800
Feed $100 x 12 = $1200
All equals $8750

Like I said, high side. As you go, you'll figure out your horse's needs and adjust your budget to it. All horses are different. An easy-keeper would be a better option feeding wise for your first horse. But, like I said, all horses are different.

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