Horse ownership on a budget: Is it possible?
I have a great opportunity to adopt a 22 year old Mustang mare with no bad habits, but she needs some time under the saddle (she works well on the ground). She loves and prefers the pasture so I wouldn't have to spring for a more expensive stall (of course there are still pasture fees). She is UTD on all vet care and had her teeth floated last year. However, there is no such thing as a "free" horse and I know I need to be entirely prepared for routine veterinary costs and regular worming and such, as well as any emergencies. I also have to be prepared not to like/ fit the tack she comes with, which is another potential (probable?) expense.
I live on a budget already, but am earning more money now (I was given more hours, but still work less than 20 hours a week so could spend gobs of time with a horse). With this "extra" money I thought, "Maybe it is finally time to get a horse." I want to emphasize, this horse is an "easy keeper", but I also need to emphasize that I am green and relatively low-income.
Am I out of my mind for even considering horse ownership? I need to brush up my skills and knowledge but I feel prepared to offer some light arena or trail riding to a couple people I trust for a little extra income. This horse is amazing and could even work with kids, and I am smitten.
I know I may read some responses I won't like, but I absolutely appreciate your honesty and advice. If there is ANY way to own a horse on a budget, please let me know how I can do that. I don't want this opportunity to slip away, and I have tons of time to work with this lovely girl.