I do not yet own a horse, however, I'm considering it within the next six months to a year. I've ridden horses since I was 10 years old (I am now 22); I even majored in equine studies for half a semester in college. It's recently come to my attention that I am over paying for riding lessons. The barns I've researched in Lake County Ohio all charge around $300 for a package of nine group lessons. I feel like I haven't gone anywhere with my riding. Although I've competed in many horse shows and come out with high placing ribbons in many I haven't traveled outside of my barn and have been restricted to lesson horses my entire life. I've watched my friends who own horses succeed more than I have as they have opportunities that I don't.
I understand that owning a horse is a huge responsibility, but it's something I am looking into. My question is what price range should I realistically look at as a monthly cost of owning a horse? I already own tack and would only need to purchase a saddle/bridle that fits my particular horse. I've found a boarding facility that offers full care board for $200/month. I was wondering what other monthly costs would be in terms of farrier/vets/ect.
I would not feel comfortable spending over $300/month on a horse at this time. I understand occasional issues to pop up where costs could be over $300/month, but given the information I provided is that a realistic price range?