I forgot to add earlier that in my neck of the woods it's about $8,000 to $10,000 a year per horse without showing or lessons. That's roughly $667-$834 per month. But I budget for possible supplements and set aside $50 per month into an emergency fund as well.
I ran some numbers from the websites I listed and this is what I came up using an abbreviated list of the 'essentials'.
1. Horsewear & Training: $ 49.00 Total. Halter $25, 2 Lead ropes $5 ea, Lunge line $14
2. Stable equipment: $ 127.00 Total. Saddlestand $23.00, 2 Water buckets $8 ea, Feed pan $9, Hay net $8, muck fork $20.00, First aid kit $51.00
3. Grooming kit: $ 47.18 Total. Fly spray $14, Hard brush $4, Soft brush $4, Face brush $4, Rubber curry $2, Sponges $1 ea (x2), Sweat Scraper $3, Tote $9, Hoof pick $1.59 ea (x2), mane and tail brush $2.
Total= $223.18 (without taxes added.) This does not include tack since you would need to wait and get that last, however I would budget around $2500 for all of it. (Saddle, girth, pads (irons and stirrups if English), bridle, bit, and reins.)
For vet and farrier I'd set aside another $2,000.00 per year.
If you will be keeping the horse at your home then you'll have to worry about hay, grain/ hard feed, bedding and other associated costs. If you will be boarding then you'll have to factor in if they cover that stuff.
"They see me rollin, They hatin, Patrolling they tryin to catch me ridin dirty"