Horse ownership on a budget: Is it possible? - Page 2
   

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Horse ownership on a budget: Is it possible?

This is a discussion on Horse ownership on a budget: Is it possible? within the New to Horses forums, part of the Keeping and Caring for Horses category

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        05-28-2013, 06:38 AM
      #11
    Yearling
    Quote:
    Originally Posted by Dustbunny    
    It sounds like this horse is a long way from being an arena horse for someone else to ride...and pay for the ride. Then you need to consider insurance for liability.
    Just consider all the issues before you take this on. Sometimes we want something so badly that it hurts. But it hurts worse to have it and lose it not to mention the hole in the wallet.
    If you can handle it, fine. But don't plan on any sort of imcome until way down the road. You need a very well trained horse for that.
    Good luck with your decision.
    Couldn't agree more! Ask around here just how expensive liability insurance is-and how important it is to carry it to protect yourself if you are thinking about trying to make money off someone else riding your horse. Heck, my spouse got bucked off one of our horses last fall and broke his wrist. We quit counting at $50k in medical expenses Although most were covered just imagine what a mess that would have been had that been a "friend" riding our horse who didn't have insurance and looked for us to make things right.
         
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        05-28-2013, 06:44 AM
      #12
    Yearling
    Oh and to expand on the thought about insurance/liability here is a timely thread from another spot on this board:
    Texas is not California. Thankfully
         
        05-28-2013, 10:22 AM
      #13
    Started
    Main thing is you do not have the funds for a horse, of any age. And the mere fact that you are thinking of giving lessons? Shows it.

    At the age this horse is? There is more than likely a reason horse is not riding, and good chance horse is sound because it is being given something too.

    You just don't have the money for a horse at this point.
         
        05-28-2013, 10:26 AM
      #14
    Green Broke
    While it's something you might be able to do, with your financial situation and experience level, it might be better to look into a partial lease instead. The exact terms vary, but you should be able to find one that is a flat rate each month (easier to budget for). Usually you get 3 days a week to ride with a partial lease, but if you find someone who's flexible enough they might even be ok with you riding mornings and they take the evenings (or vice versa).

    Like others, I'd be wary about taking on a 22 year old who needs work. If you find that she's more than you can handle, needs more vet care than you can pay for, etc. you're going to have a hard time re-homing her.
    Cynical25 likes this.
         
        05-28-2013, 04:06 PM
      #15
    Foal
    I would suggest getting riding lessons and leasing a horse first...then easing into horse ownership. I am on a small budget with a horse who's an easykeeper. But she has had an injury and has been found to have some health concerns such as EMS or cushings and possibly both. We will know after the tests are complete in the fall per the vet. For now she's on a strict diet. We found those 2 conditions during a lameness exam which cost me $400 and that was them trying to alleviate as many costs as possible. After testing for these health concerns, she will be on medication and will have to continue to be monitored with her diet. Just before the lameness exam she had a random episode of colic which was $200. Now she likely has a popped splint and maybe more serious. These are relatively small bills compared to what many experience. We have also been working with a trainer which has come at an expense. And I even get free board from a family member and don't need hay as she has 6 acres of pasture for her and one other horse and grass hay. I was told she needed a refresher when I bought her almost 2 yrs ago but we ended up needing a trainer. She's my 2nd horse, my first one was given to me at 22 yrs of age. When test ridden she was great, got her home and she tried to buck me. Was going to try to work with her, but she ended up dying 3 months after I got her, and of course there were those bills, and the replacement of a fence she tore up. While I loved her very much, and was more greatful beyone words to the friend who brought her home for me from the person they got their amazing barrel horse from...I would do things differently if I did it over again. I even passed on a mustang mare that was going to the sale barn that I desperately wanted for free after I lost my first mare, but after careful consideration, I decided I was way out of my experience level. It broke my heart knowing what may happen to her if someone else didn't come along, but I believe it was the right decision. I'm not saying don't (although I definitely wouldn't use the horse and try to offer arena/trail lessons) just some things to consider along with some great advice in this thread as you make your decision.
    spirit88 likes this.
         
        05-28-2013, 04:25 PM
      #16
    Green Broke
    22yo and "needs work"--you'll be a sucker if you pay ten cents for this horse. 20yo+ horses can drop dead, and you'll have to pay to have the body removed. Last time my old horse (27yo) died Animal By Products charged me over $200.00 to pick up the body.
    I think you should start taking lessons and hanging out at a local stable. You can ask lots of questions there and get the local horse keeping prices. I can be "horse poor" cheaper bc I live in a rural town, in a rural part of Illinois. Suburban Chicago horse owners pay far more$ than me/yearly.
    ALL of us here are on a budget. If there is any horse owner here NOT on one, can I be in your will?
    Cynical25 likes this.
         
        05-28-2013, 06:19 PM
      #17
    Showing
    No because budgeting means cutting corners and you cannot and should not cut corners with a horse's care or training. Ever.
         
        05-28-2013, 06:37 PM
      #18
    Trained
    I think, unless you have endless pots of $$, all of us are on some sort of horse budget. HOWEVER, I do not ever agree that you should have a horse that you cannot GUARANTEE you can afford to pay for for the forseeable future, which would include about a $5K emergency fund. So, in your case, no. Sorry, but save the $$, while continuing lessons and/or lease. It is not fair to BUY a horse and risk having to not give it everything it needs or having to get rid of it because your hours get cut or something similar after a couple of months.
         

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