Is this enough money? - Page 4 - The Horse Forum
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post #31 of 39 Old 06-09-2016, 03:41 AM Thread Starter
Join Date: Mar 2015
Posts: 21
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I saw only a few horses for lease in my area around $200-300 per month, and the others were $25 per ride and only for more advanced English riders. I also for some reason just don't see it as a fair exchange...I'm paying them all this money for the care of their horse only to ride a little more than I would be able to otherwise. I feel lessons are a much better option when compared to this (I get 2 hours with the horse, a much cheaper cost, and instruction). The lease options that were available took care of all the horses needs, you just need to ride the horse and pay the fee...I don't understand how that will teach me anything about caring for horses or gave me a taste of what it's like if all I am responsible for is paying and enjoying. I feel like maybe I have the wrong idea of what leasing is though.

If I had my own horse, leasing looks very nice then haha...for that extra income every month plus an extra rider to work with my horse.

I love horses so much though that I feel like I would do fine and be very happy for a period of time with just a halter and lead rope lol. :)

Last edited by cleopatra93; 06-09-2016 at 03:47 AM.
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post #32 of 39 Old 06-09-2016, 04:32 AM
Join Date: May 2016
Location: Oklahoma
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I'm new around here but I would have to say no. I'm doing the same research you are in horses. I would say find a horse training barn like I went to today, and just pay $40 each time you want to ride, and keep the rest of your money in your pocket. After being around these wonderful people on the forums, reading books from the library, doing as much homework as I can, I can safely say I wouldn't try buying a horse unless I had $10,000 saved up in my bank for emergencies. Until then, renting a horse by the hour is a better deal.

Keep saving your money you're not using by buying a horse just yet. Eventually you'll have saved up enough you can invest in some venture that bring you in more cash, making owning a horse more affordable. Me, I own a few small house properties I rent out. Five rental houses for $1,200 a month. Even then, I don't feel comfortable owning a horse - yet. I want the best care for the horse I wish to own. Not just scraping by month to month.. Been there, done that, it sucks!

And I know, I know, some of you are going to say that amount of money, per month, is more than enough to keep a horse. But you also have to consider I have two young sons at home and anything can go wrong there at any time. Even with life insurance on everyone, stuff happens.

The only thing evil needs to thrive, is for good men to do nothing. - Edmond Burke

Last edited by Kyleen Drake; 06-09-2016 at 04:38 AM.
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post #33 of 39 Old 06-09-2016, 04:47 AM
Join Date: May 2016
Location: Oklahoma
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The barn I went to today leases horses for $200 a month. The arrangement is that you call them, let them know before hand that you're going to be out that day to ride the horse and you can spend as much time as you want with that horse, for that day. And if you're not going to be out, other people ride the horse, keep it in shape. And the trainers on the property keep watch on it, make sure it's still well behaved. They take care of everything. I mean everything. Food, medical, as if it was their horse still, you're just borrowing it when you're available. It's not a bad price if you get to ride the horse pretty much every day for hours on end. But for me I can only make it out there every other week for one day. So the $40 to ride for an hour and a half is more reasonable. And it comes with lessons!

Keep looking for a bar nearby that's a better fit! I had to dig deep to find this location.

The only thing evil needs to thrive, is for good men to do nothing. - Edmond Burke

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post #34 of 39 Old 06-09-2016, 05:46 AM
Join Date: Nov 2008
Location: scotland in the middle of nowhere
Posts: 50
• Horses: 0
something will come up ,it's also worth speaking to your vet, I'm in Scotland i'm afraid but our local specialist horse vet does a service where they charge 14 pounds(25.75 dollars) a month every month ,that covers vacs ,worm count, wormer ,teeth ,and will cover the costs for vet treatment ,before the insurance pays out ,it also does one area per week free call out ,and a full medical per horse per year ,it's a good deal ,also means they have a steady income,

Where in this wide world can man find
nobility without pride,
Friendship without envy,
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post #35 of 39 Old 06-09-2016, 06:26 AM
Join Date: Dec 2013
Posts: 1,287
• Horses: 2
The problem is the unknowns and the fact that life can change very quickly and unexpectedly. Yes, all of your money will go towards horse ownership as your parents pay your living expenses now but what about the future? Also, many people find that after buying a horse, they can no longer afford lessons, training or any help at all and this is serious when they buy a horse that they have issues with.

Horses live upwards of 30+ years unlike a dog and require a lot more care and money. I cruised along for a long time with no major vet bills and then suddenly a bunch of illnesses and injuries happened that cost me unexpected thousands of dollars in vet bills. You need a financial cushion for when that happens.

Unexpectedly, one day my job took a sudden downturn and just maintaining my horses cleaned out my savings until I moved on to a better one. I ate a lot of peanut butter sandwiches and cut everything in my life to the bone. Are you willing to make that sacrifice if it happens?

I'm not saying that you can't manage it but with only 2 years of lessons under your belt, are you really ready for total responsibility? Add horsemanship/horse care to your lesson plan and pay for it just like a riding lesson. You will gain confidence and you will get a first hand idea of all of the issues that come alone with ownership. In the meantime, save, save, save and get yourself a nice financial cushion that will carry you through the hard times. Cause....believe me, they will happen!
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post #36 of 39 Old 06-09-2016, 06:31 AM
Join Date: Apr 2015
Location: Northern Florida
Posts: 5,061
• Horses: 4
I used to pay 350 a month for one horse full care pasture board. The same place charged 525 for full care with a stall and turnout. I now pay 125 a month for each horse and I buy my own food. That is still with B/O feeding I just supply the stuff. Then there is 25 dollars about every four to six weeks for hoof trims (none of my horses need corrective shoeing), what I spend on vaccinations, teeth floating once or twice a year, deworming paste, supplements, and stall shavings (two of my horses utilize stall space). And then the bare minimum equipment: Halter, lead rope, two or three different brushes, curry comb, hoof pick, feed and water buckets, fly spray, bridle, saddle, and saddle pad. And then there is the emergency vet fund that you have to save for. This is in the United States in N. Florida.

Last edited by LoriF; 06-09-2016 at 06:40 AM.
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post #37 of 39 Old 06-09-2016, 07:33 AM
Join Date: Apr 2015
Location: Canada
Posts: 7,563
• Horses: 2
I don't mean to pry, but you mentioned that in your culture, you live with your parents until you get married. So what is your plan for your horse? I am assuming that if and when you get married, you will not work outside the home, correct? Then I don't see how you could justify buying a horse even if you COULD afford it. What if your new husband doesn't like the idea of you having a horse? Will you have to get rid of it? If you have children, will you have to give up your horse? I know a horse can be sold, but it's not as easy as it sounds and I feel too many people think you can just buy and sell a horse if you don't want him anymore. The horse market isn't that great these days and it can be hard to re-home a horse. And just think of the heartbreak for yourself!

Again, if you got a job that wasn't with your parents, you could gain some financial independence from them that might also carry over to your married life. You might also gain skills in your field that you can use down the road. I want to respect your culture, but I don't see how being entirely dependent on others can ever result in you getting what you want and being able to pay for it yourself. A horse is such a huge commitment on so many levels and not everyone understands that. I'm lucky to have the moral support of my husband who is not a horsey person, but I pay for everything myself and cannot imagine having to ask him for money every time I need something for my horse. I think he would have divorced me by now if that were the case!

I still think a half lease is the best situation for you, as many others have suggested. I'm not sure why you think it's a waste of money - you get to do all the fun stuff without the responsibility. You just go out and groom, ride and have fun with the horse. Because you're always riding the same horse, you get to know each other and form a bond so you really ARE learning a lot. But you can end a lease anytime if your life situation changes. It's like having your own horse when you're with it. My daughter leased a pony for a while when she was 7 and we'd go out together and do everything as if it were our own horse. It was great fun! Sure, it's not the same as buying, but it sounds like that's not realistic for you at the moment.
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post #38 of 39 Old 06-09-2016, 08:35 AM
Join Date: May 2015
Location: Sunset, TX
Posts: 861
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If you have a situation where you could get out to the barn/boarding place several times a week you might be able to work a deal where you subsidize your board with work.

A young lady at a barn I am familiar with feeds in the evenings, mucks stalls and lounges the horses in the morning on weekends in exchange for her board.

Might be able to find a similar arrangement in your area.
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post #39 of 39 Old 06-09-2016, 10:22 AM
Join Date: Nov 2015
Location: Canada
Posts: 1,457
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I live in Alberta, and probably not too far from you if you are in the Edmonton area. My advise would be to wait to purchase a horse. I made the grave mistake of saving up JUST enough money to buy my first horse. It was a disaster. I couldn't afford to properly care for the horse when he got ill, and had to give up lessons b/c I couldn't afford both board and lessons. In the end I had to sell my horse as I couldn't afford it. It was a bad situation, but it was definitely a learning experience.

I ended up waiting until I had a steady full time job with money in the bank to buy my next horse. And I still own him 15 years later. You don't have to be rich to own a horse. But you do need a steady income with money in the bank for emergencies.

It isn't a lie when you hear that the purchase of the horse is the cheapest part. I've spent more in tack alone than what my horses actually cost (never mind vet, wormer, feed, farrier, etc).
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