Is this enough money? - Page 3 - The Horse Forum
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post #21 of 39 Old 06-08-2016, 07:58 PM
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I personally was not able to afford a horse comfortably until I was in my 30s, post graduate school with a professional career.

In the New England region of the U.S., I pay $500/month for full board, spend approximately $30/week on joint and other supplements, $150 every 3 months for the chiropractor, and $50 every six weeks for a barefoot trim. I have an older horse, but she is generally good with bi-annual vet exams for shots and teeth check, and has probably had 2-3 additional vet visits annually for minor things (eye allergies, arthritis assessment, etc). I am able to share the annual farm call cost with others at my barn, so the routine checkup with shots and teeth is probably $150-175 depending on the number of horses the vet sees that day. Last month, my horse choked, requiring an emergency after hours vet call. I believe the bill for that visit was close to $400-she needed to be sedated while he was there, but fortunately did not need antibiotics after.

I view horses as an expensive hobby that I would only participate in when all my other financial concerns are in order. Not everyone thinks of it that way.

If you're still in school, my best advice would be to ride and even lease, but think about building a savings account now with your hard earned money.

Money in the bank gives you freedom you may not even know you'll want later in life...
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post #22 of 39 Old 06-08-2016, 08:05 PM
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My first question is where is the money to buy the horse coming from? Is that your first big expense or are your parents going to buy the horse if you can look after it?

If you are buying, then you have already been saving and know how much you need to buy 'other' stuff, clothes, snacks, music, magazines, whatever it is you spend money on. If not, then that is the starting point, look at the board rates there, and factor in .......probably

$60 a month for farrier
$20 a month for wormers and supplements
$50 a month toward vet costs, trims, vaccinations etc


LOL then there is saddle, bridle, halters, many many brushes, boots, blankets, another saddle, OOOOH shiny thing.......horses are expensive to keep, but buying the right one is the first major up front expense

“Never attribute to malice that which can be attributed to stupidity”
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post #23 of 39 Old 06-08-2016, 08:28 PM Thread Starter
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Quote:
Originally Posted by Golden Horse View Post
My first question is where is the money to buy the horse coming from? Is that your first big expense or are your parents going to buy the horse if you can look after it?

If you are buying, then you have already been saving and know how much you need to buy 'other' stuff, clothes, snacks, music, magazines, whatever it is you spend money on. If not, then that is the starting point, look at the board rates there, and factor in .......probably

$60 a month for farrier
$20 a month for wormers and supplements
$50 a month toward vet costs, trims, vaccinations etc


LOL then there is saddle, bridle, halters, many many brushes, boots, blankets, another saddle, OOOOH shiny thing.......horses are expensive to keep, but buying the right one is the first major up front expense
The horse may be the uni grad gift (nearly done) lol. So I would be paying for the maintenance of the horse.

My mom was willing to pay half the board every month, but her mind could have changed on that.

Other than that, I literally step out of this house once a week (unless I am in school). And other than skin care, I feel that when I spend money it's usually just useless stuff that get left in the closet that I could probably stop doing...especially for my childhood dream.

What do you think is an appropriate amount of money for me to be making per week? Yes, I know I need money saved up in my account. But I also need to be constantly making it, what if I am making too little...
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post #24 of 39 Old 06-08-2016, 08:38 PM
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I take it that before you are thinking about buying your own horse, you are having lessons, get a chance to hang out at the barn, best ask the real people who actually know your local costs rather than us people who are just guessing. I'm one province over from you and my costs will not be the same.
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“Never attribute to malice that which can be attributed to stupidity”
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post #25 of 39 Old 06-08-2016, 08:41 PM Thread Starter
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Originally Posted by Golden Horse View Post
I take it that before you are thinking about buying your own horse, you are having lessons, get a chance to hang out at the barn, best ask the real people who actually know your local costs rather than us people who are just guessing. I'm one province over from you and my costs will not be the same.
Yeah, I've been taking lessons. That's a good idea.
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post #26 of 39 Old 06-08-2016, 08:47 PM
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Where you take lessons, can you talk to someone about how much it costs to board a horse there? I think it would be more useful if you had real life costs from your own location. I'm also in Canada, but in New Brunswick, so costs may vary greatly. I spend a lot of money on my two horses, but I'm much older than you and have a very good job to pay for everything. Think about where you would like to board your horse and ask how much it costs there. What does board include? Here, it usually includes hay and sometimes grain (but not all horses need grain, though you may want a ration balancer at least). Trims can go from 30$ every 6 weeks to 60$ a month, depending on whether the horse wears shoes or not (neither of mine do). Vaccinations also vary in cost, but they're a yearly expense you can save for. What would happen in the even that your horse would get a severe injury? Do you have a credit card so you can at least cover the expenses in the immediate and pay it off after? Would your parents be willing to step in if that happened?

It IS possible to buy used tack at a reduced price, but you have to get a horse first so you make sure you get the right size saddle. I bought two saddles from out west at a pretty good price, even with the shipping (200-400$ each). Then there are blankets, brushes, etc... but if you're really thrifty, you can find bargains.

So let's say you find a barn that is suitable and provides hay for, say 400$ a month (it's around 450$ here, but maybe there are more options there). You might be able to get by on 800$ a month, but you would have to be really, really thrifty with your money. And that wouldn't include lessons. A lot of people think once they have their own horse, they won't need lessons anymore (I was one of them). If there is ever a time you NEED lessons, is when you're getting to know your horse and need to figure out how to communicate with each other and work as a team. There is a big difference between riding a lesson horse and riding your own horse.

A lease is a good idea. Basically, you pay to ride the horse outside a lesson program. Some do a half lease so you get 2-3 rides a week on your own. Some are even more flexible and let you ride the horse when you want. The advantage is that they still own the horse and are responsible for vet bills, farrier, feed, etc.

Don't give up on your dream. Can you get another job? Does it have to be just working for your parents?
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post #27 of 39 Old 06-08-2016, 09:19 PM Thread Starter
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Originally Posted by Acadianartist View Post
Where you take lessons, can you talk to someone about how much it costs to board a horse there? I think it would be more useful if you had real life costs from your own location. I'm also in Canada, but in New Brunswick, so costs may vary greatly. I spend a lot of money on my two horses, but I'm much older than you and have a very good job to pay for everything. Think about where you would like to board your horse and ask how much it costs there. What does board include? Here, it usually includes hay and sometimes grain (but not all horses need grain, though you may want a ration balancer at least). Trims can go from 30$ every 6 weeks to 60$ a month, depending on whether the horse wears shoes or not (neither of mine do). Vaccinations also vary in cost, but they're a yearly expense you can save for. What would happen in the even that your horse would get a severe injury? Do you have a credit card so you can at least cover the expenses in the immediate and pay it off after? Would your parents be willing to step in if that happened?

It IS possible to buy used tack at a reduced price, but you have to get a horse first so you make sure you get the right size saddle. I bought two saddles from out west at a pretty good price, even with the shipping (200-400$ each). Then there are blankets, brushes, etc... but if you're really thrifty, you can find bargains.

So let's say you find a barn that is suitable and provides hay for, say 400$ a month (it's around 450$ here, but maybe there are more options there). You might be able to get by on 800$ a month, but you would have to be really, really thrifty with your money. And that wouldn't include lessons. A lot of people think once they have their own horse, they won't need lessons anymore (I was one of them). If there is ever a time you NEED lessons, is when you're getting to know your horse and need to figure out how to communicate with each other and work as a team. There is a big difference between riding a lesson horse and riding your own horse.

A lease is a good idea. Basically, you pay to ride the horse outside a lesson program. Some do a half lease so you get 2-3 rides a week on your own. Some are even more flexible and let you ride the horse when you want. The advantage is that they still own the horse and are responsible for vet bills, farrier, feed, etc.

Don't give up on your dream. Can you get another job? Does it have to be just working for your parents?
Thanks! I just emailed what seems like a popular equine vet clinic to see what they say about rates/costs, and also emailed a boarder.

The boarding facility that appealed to me the most was $125 summer and $200 other months. The others were about $200-290. They all provide hay and automatic water. Otherwise they are simple with outdoor arenas and/or trails which I do not mind.

A credit card is something that I have to get, and probably a good idea especially with a horse. I've just never had the need for it yet.

I like the idea of getting a lease horse but it just seems like a waste when compared to lessons. With lessons, I learn and enjoy at the same time for a much lower price. Lease just feels like paying for someones else's horse in order to have fun (I am not really interested in any kind of special riding, just want to ride as a hobby). Kind of like when you pay someone to go trail riding. It's not your horse, you're not learning anything...you're just paying a ton for the ride. Is that what it's like, or do I have the wrong idea?

I could try to work somewhere else, especially since I will be graduating soon...but I am a pretty shy and anxious person which makes it hard. That's why I like to work with my parents.
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post #28 of 39 Old 06-08-2016, 10:28 PM Thread Starter
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One of the boarders does list "tack and brushes to borrow", so maybe for a while I could even use those
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post #29 of 39 Old 06-08-2016, 10:35 PM
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How long have you been lessoning for?
Forgive me, as I don't know your situation, but this all seems a little hasty.

Leasing is different from lessoning because you get additional riding time. In some cases, a lease is essentially owning the horse without much of the responsibility that goes along with it if ownership is not quite what you expected.
I suggested it for that reason--it will give you a solid idea of what to expect, without risking a horse's wellbeing should you decide it's not for you.

The sensitivity of the internet baffles me.
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post #30 of 39 Old 06-09-2016, 03:27 AM Thread Starter
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Originally Posted by Zexious View Post
How long have you been lessoning for?
Forgive me, as I don't know your situation, but this all seems a little hasty.

Leasing is different from lessoning because you get additional riding time. In some cases, a lease is essentially owning the horse without much of the responsibility that goes along with it if ownership is not quite what you expected.
I suggested it for that reason--it will give you a solid idea of what to expect, without risking a horse's wellbeing should you decide it's not for you.
I'm considering leasing as well...but since I really feel set on the idea of owning my own horse one day, I feel maybe it's better to save up for that.

I started lessons at the beginning of 2015. I have learned flat riding only and up to cantering.
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