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

       The Horse Forum > Keeping and Caring for Horses > New to Horses

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

    Like Tree27Likes

    LinkBack Thread Tools
        05-28-2013, 07:38 AM
    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.
    Sponsored Links
        05-28-2013, 07:44 AM
    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, 11:22 AM
    Green Broke
    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, 11:26 AM
    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, 05:06 PM
    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, 05:25 PM
    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, 07:19 PM
    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, 07:37 PM
    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.

    Quick Reply
    Please help keep the Horse Forum enjoyable by reporting rude posts.

    Register Now

    In order to be able to post messages on the The Horse Forum forums, you must first register.

    Already have a Horse Forum account?
    Members are allowed only one account per person at the Horse Forum, so if you've made an account here in the past you'll need to continue using that account. Please do not create a new account or you may lose access to the Horse Forum. If you need help recovering your existing account, please Contact Us. We'll be glad to help!

    New to the Horse Forum?
    Please choose a username you will be satisfied with using for the duration of your membership at the Horse Forum. We do not change members' usernames upon request because that would make it difficult for everyone to keep track of who is who on the forum. For that reason, please do not incorporate your horse's name into your username so that you are not stuck with a username related to a horse you may no longer have some day, or use any other username you may no longer identify with or care for in the future.

    User Name:
    Please enter a password for your user account. Note that passwords are case-sensitive.
    Confirm Password:
    Email Address
    Please enter a valid email address for yourself.
    Email Address:


    Human Verification

    In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.

    Old Thread Warning
    This thread is more than 90 days old. When a thread is this old, it is often better to start a new thread rather than post to it. However, If you feel you have something of value to add to this particular thread, you can do so by checking the box below before submitting your post.

    Thread Tools

    Similar Threads
    Thread Thread Starter Forum Replies Last Post
    Horse Ownership ponyluver420 Horse Talk 36 06-27-2013 02:10 AM
    Does any one have any information on Busted Te Budget? a Quarter horse stallion? NoTeLikeMe Stallions and Broodmares 1 03-23-2013 10:10 AM
    Horse Ownership arastangrider Horse Law 0 09-18-2011 05:43 PM
    Keeping a Horse on a Budget TimA Horse Articles 11 04-25-2009 11:11 AM

    All times are GMT -4. The time now is 11:55 AM.

    Powered by vBulletin® Version 3.8.5
    Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
    Search Engine Friendly URLs by vBSEO 3.6.0