I teach a few riding lessons on my horses, so I keep up with every little expense just in case Uncle Sam thinks I'm making money.
In 2019 I spent exactly $6,826.37 on feed, vet, farrier, feed, hay, supplies, feed, and insurance. That's the total for four horses. I own the barn. I own the grass. Even when I feed hay during the winter, there's always some green grass. The horses are out 24/7, so I don't buy bedding. None of them wear shoes. My vet's office is 3 miles away, so I don't pay extra for farm calls. Last year, I had no unexpected emergencies, although I have a huge emergency fund in case I need it.
I was surprised the total was that low. I don't think that number is reasonable for most horse owners. I have four healthy easy keepers on 10 acres of grass. Please don't use my numbers to try to convince your parents to buy a horse!
For anyone who's interested:
Farrier ($45/horse, approx every 6 weeks) = $1440
Vet (yearly stuff, 2 needed teeth done) = $1126
Insurance (liability) = $1318
Hay (picked up from the field) = $450
Feed (mostly ration balancer from Chewy) = $1669
Misc (tack, grazing muzzles, medicines...) = $800 ish