I've enabled myself to have roughly $300-$450 extra a month for horse ownership expenses.
My board will be around $50 as I am exchanging barn chores and helping when they go out of town since I live so close.
I know what all horses need but I am wondering what you all spend as a ballpark figure for one horse.
Maybe I'm unlucky, but both my horses have had a lot of medical expenses this year due to soundness problems.
Of course, you cannot predict if a horse will have soundness issues but it can get very expensive to figure out what's wrong and then to treat it.
Do you already have a saddle and tack?
Do you have a truck/trailer or how will you transport your horse when needed?
How much is grain/supplements going to cost you?
Annually, I find it necessary to have a horse's teeth checked and floated if necessary. Depending on your area, that may be around $200.
Of course, they'll need their annual vacinations.
Throughout the year, you'll need dewormer.
You'll also need regular farrier visits, usually every 6 to 8 weeks. If your horse needs shoes, it's going to be much more expensive. I have to take my 2 horses every 5 weeks b/c one of them has problems (one needs shoes and one does not) and that runs me $130 each time (For both).
I personally find chiropractic work to be important and my horse's get adjusted about 3 or 4 times a year, or as they need it. That's $60 a pop a horse for me.
So let's go with the low end and say you have $300 a month.
$50 of that will go toward your board each month.
If you did 2 lessons a month, there goes $90.
Farrier you maybe can stretch to every other month, and may run you $30 to $50 for a barefoot trim (roughly).
One month you'll deplete that when it needs its teeth checked.
If you have a lameness problem or sudden injury, you'll need to dig into your emergency fund.
It's be really tight. You'd have to plan really really well if you want to make it work.
PLUS you're going to have the purchase price of your horse.