5kiddos.. There is never enough money for the unexpected Vet bills. Never.
Don't expect your board bill to stay the same. Hay prices go up and liek everything else don't seem to come down much. Water prices go up. Property taxes go up . This all gets relfected in your board. If you board as an example for $250. Per month, that gets a pen and hay. If you need supplements that cost, farrier cost, wormer, teeth floating, if its a colic, then emergy fee, ranch call fee, exam fee, medications, tubing etc cost, then you may need to have the horse tubed more than once. Then there are the yearly vaccines, and with more and more diseases turning up, it can cost if you buy and give the vaccine yourself about 40.00 , if it is done by a Vet , you have the vaccine cost + ,the exam fee, the ranch call. You may have to pay additional fees for riding lessons. If you keep your horse for its lifetime your only return is the joy of it.
If you plan to sell your horse, do you really think you can get a return, If the horse cost 3 grand, and you keep it for 4 yrs and only pay the 250 a month board.. you cannot sell the horse and break even. .. There is no return on investment. You are lucky to get back the original cost of the horse.