The cost of keeping a horse varies widely depending on where you live and the level of service your stable provides. If you plan to keep your horse on your own land, you’ll also need to consider whether the property is adequately equipped.
Whether you plan to shoe your horse, you'll need to have a farrier check and trim his hooves every two months or so. Routine medical care is an additional cost of owning a horse and includes vaccinations, deforming and annual teeth cleaning.
However, if your horse gets injured or ill, you could pay hundreds or even thousands for a one-time treatment. Although you can't predict such expenses, prepare yourself for the possibility before you buy a horse.
At that point, my enthusiasm for investing time and money in other people’s horses waned. It wasn’t until I relocated to Montana in my early thirties that I finally realized that goal.
Understanding what horses cost and how you can afford one ahead of time sets you up for success from day one. Every time I pulled out my wallet at the local tack store, I got a pit in my stomach.
When my math-minded, non-horsey sister asked what my equestrian habit cost on average, I had to admit that I didn’t have an answer. I loved my horse, barn family, and mental and physical benefits of riding.
If I wanted to enjoy my equestrian lifestyle over the long run, I needed to get some serious clarity into my spending habits. The expense reports are also designed to help you benchmark your own spending, discover new ways to save money, and find areas where it may be worth investing more.
In this case study, I discuss how I track my spending, what trends I’ve noticed, and how budgeting has changed my mindset and, more importantly, behavior. He’s a 13-year-old Aqua gelding trained as a reined cow horse who moonlights as a jump/dressage/ranch riding/trail/do-anything steed.
From dressage to stadium jumping, evening to reining, cow work to ranch riding, I like to do it all with my horse. That means I often need additional gear, tack, and apparel for different sports versus a single discipline.
I’ve gathered nine months of data, so I made extrapolations for October-December to arrive at annual spending projections. Schooling shows and competitions, special events) Health (e.g. Farrier, vet, supplements) Fun (e.g.
Tack, apparel) Insurance (e.g. Mortality, medical, liability, vehicle, roadside assistance) Stabling (e.g. Feed, stabling, deforming) Travel (e.g. Fuel, lodging) Note: I estimate monthly barn commute fuel based on the mileage cost to my barn multiplied by 4 visits per week. This is what I feel comfortable spending out-of-pocket based on my anticipated income and non-equestrian life expenses.
Valuing my Equestrian Lifestyle My horse expenses average $1,774.58 per month BEFORE adjustments. It was eye-opening to learn my monthly “goal budget” ($1,000) is below the baseline value of incurred expenses 100% of the time.
That means that if I didn’t actively work to trade for products and services, I would never be able to stay on budget and still do everything I like to do. Lessons are often cancelled due to low temperatures, I drive to the barn less often, and I participate in few (if any) clinics or shows.
During this time, I typically take three lessons per week and ride in clinics at least one weekend per month. These adjusted numbers are what I actually PAID OUT to support my horse habit each month.
In case the numbers weren’t clear enough, I’m not able to afford my equestrian lifestyle without putting in some serious sweat equity. I coordinate, promote, and manage online registrations and payments for 18-20 clinics and 100+ riders each year.
I also created a new website for my barn (including copy, design, and development) and took over management of the facility’s Facebook page. In return for helping boost the barn’s income (and free up the owners’ time), I’m able to offset some of my board, clinic, and lesson costs throughout the year.
Additionally, I have a client who allows me to run a “horse fund” credit instead of being paid for marketing services. Lessons and clinics are routinely my high-dollar expenses each month, often at a rate that more than doubles the next closest category.
Typically, I take three lessons per week: jumping, western flatworm, and cow work. I have a horse mortality, major medical, and liability policies, and they cost me nearly $200 per month.
Travel was consistent almost every month, except for a few outings to local schooling shows or cow working events. Health-related expenses spike in April when our barn does Spring vaccines, but are otherwise fairly consistent.
Increased accountability: Knowing each dollar I spend on my horse will be tracked (and published) has nearly halted impulsive purchases. Use it or lose it: If I don’t use a piece of gear or apparel, I now sell it on consignment at the tack store.
Whether that’s strategic trades for products and services, shopping sales, or getting inventive with the gear I already have, it takes a lot of work to get costs within my target budget each month. Invest in health: Things like equine massage, chiropractic sessions, and supplements may seem optional.
Prioritize what’s important: Before I moved to Montana and bought my horse, I used to spend money traveling and investing in multiple hobbies. Technology can help: I use Intuit’s free budgeting software, Mint, to track daily spending across the board.
I love practicing dressage, evening, stadium jumping, reining, trail riding, and cow work with my Quarter Horse in Montana, USA. I started HorseRookie.com, an educational website, to help equestrians of all levels (especially rookies) answer common questions, make informed decisions, and have more fun with their horses.
Those horses are being bought and sold by top name stud farms for use in high-level competition. They are often imported from Europe or elsewhere, with impressive bloodlines and have antecedents with international competition success.
When there is a slump in the economy it means fewer people all can afford to buy or keep horses. In economic downturns, many people are forced to give their horses away or sell them cheaply because they can't afford to look after them.
A cheap horse may be more expensive in the long run if you have to contend with vet bills, specialized shoeing, and paying trainers. The way to make a horse worth more money is to ensure it is well-trained, healthy, sound, and well-behaved.Bloodlines and conformation are important too, but it's easy to forgive a horse's obscure bloodlines and less than perfect conformation if it is a willing worker that is safe to be around and fun to ride.
It may have a good show record and probably is easy to clip, bathe, load on a trailer, stand for the farrier and veterinarian, and has all the good manners that make a horse fun and easy to handle. However, having a bigger budget means that you have more choices and are able to pass up the unsuitable horses without too much regret.
Make sure you have money to look after your horse and consider how you'll deal with veterinary emergencies if they arise. The initial purchase price of your horse, pony, donkey, or mule is only a small part of its overall cost, and there is no such thing as a free horse.
You can buy a car, maintain, fuel, repair, insure and run it for less than buying and taking care of a horse. It’s pretty common knowledge that horses are expensive to keep.
Finally, remember that no matter how much you spend on a horse, chances are you’ll get what you pay for. So do your share of research before you buy, and know in advance what type of prices you can expect to pay to get the horse you want.
Of course, never having owned a horse before, he knew nothing about all the expenses involved in their care and upkeep. He quickly learned a new meaning to the phrase, “eating you out of house and home” with just the cost of their feed and hay bills.
Not to mention the extra calls for colic or injuries to your big furry child. Oh, sure; from a financial standpoint, you will never recoup all the money you’ve spent on keeping your horse healthy and happy (unless maybe you own a prize-winning show horse, racehorse or stallion).
And the richness you receive from owning a horse will never line your pockets in a material sense. The bond of trust that develops between you and this one ton creature is an amazing thing.
Published on: August 16th, 2019 Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. To figure out if you can afford it yourself, you have to consider all the associated expenses and see if it can comfortably fit into your budget.
If you’re thinking of buying a horse, it’s important to keep your goals in mind. According to Courtney Jade Herman son, barn manager and head riding instructor with Cadence Equestrian in Florida, what you intend to do with the horse will affect its price.
However, the purchase price of the horse is only a fraction of what you should expect to pay. “Always plan to spend $1,000 more than what you pay for the horse,” Herman son advised.
“You should always perform a pre-purchase exam, and if radiographs and blood work are desired, it can get very expensive. Even if you find a free or cheap horse, you should expect to pay a substantial amount of money for its upkeep.
Your horse will need to eat a substantial amount of grass or hay every day. Feeding your horse will likely be your biggest expense after housing it, costing $1,211 a year, on average.
Some horses also require supplements, which can significantly add to your expenses. Instead, they have to board their horses at a professional facility and pay a monthly fee.
Besides their general maintenance, you should set aside money for any complications that occur. For example, colic is a common ailment that can affect any horse of any breed or age.
If your horse has colic, he’ll need emergency veterinary care. According to the South Shore Equine Clinic & Diagnostic Center in Massachusetts, a treatment for severe cases can cost up to $12,000.
That cost could drain your savings or put you in the market for a personal loan. That’s why it’s a good idea to sign up for health insurance for your new horse.
It provides coverage in case of an emergency, such as if your horse gets colic and needs surgery. According to the American Farriers Journal, the average trim costs $42.06.
Depending on how much training your horse needs, that could cost you a few hundred dollars a year, or several thousand. When you first buy a horse, you’ll need to purchase a good deal of equipment.
For your horse, you’ll need essentials like a saddle, bridle, saddle pad, girth, stirrup leathers, first aid kit, grooming supplies and fly spray. If you want to buy a horse but don’t have enough money set aside in the bank, there are a few options available to you.
If you have good credit, you can qualify for a low-interest, unsecured loan you can use to buy a horse or relevant equipment. In return, they get to ride your horse several days a week.
With a partial or half lease, you pay the owner a set fee each month and get to ride the horse a few days a week. Dr. Dre Sage, chief scientist at the organization, talked to reporters outside the Institute headquarters in Albuquerque, NM on Tuesday after the release of the findings.
As Dr. Sage spoke, reporters noted a large hay truck arriving at the facility. Reporters were given a brief tour of the facility, which boasts two rows of stalls, tack and feed rooms, multiple pastures and both indoor and outdoor riding rings in which a handful of riders could be seen training horses.
One reporter questioned whether the team had done any preliminary research prior to conducting the study. “And after that we’ve got a series of exciting tests planned to figure out if the size of a pony directly relates to how much attitude it has.
Beyond that, there’s talk of determining the exact probability that a horse will pull a shoe the day before a show.” “If we use Snowflake, it’ll be 100%!” one researcher piped in from the crowd, eliciting a chuckle from Dr. Sage.
Asked to comment on a recent news report that alleges the facility is suffering from financial difficulties and is merely “an ill-conceived front for a horse-crazed doctor hell-bent on owning a private stable,” Dr. Sage, sporting a pair of custom Parlance tall boots, denied any knowledge of problems, commenting that funding was in place to keep the research running for a very long time. I hear that’s a pretty easy way to make money,” Dr. Sage suggested before abruptly ending the Q&A session.
When Aubrey Moore isn’t riding her horse Flynn, new pony or doing near-constant maintenance on her truck, she can be found with a glass of wine in hand, chatting happily with her cat Frankie. Almost every legend had a faithful horse companion in his endeavors, which stood by the protagonist and helped him through his journey.
We have used horses, for years as a means of transportation to travel across the globe. So, we are going to honor this animal and rank some of the best and most expensive horse breeds in the world in 2020.
Shetland pony is the eighth most expensive horse breed on the planet currently. They have a bad reputation for their temperament and learners are often advised to stay as far away from them as possible.
In some states people use them for training, to teach beginners a lesson so that they treat horses always with respect and care. There strong structure and legs, make them one of the fastest breeds in their family.
They can live on minimum food, hence does not require high maintenance or a stable diet. Clydesdale is the perfect choice for people who are looking for a good-looking, corporatize and graceful horse.
It is one of the friendliest horse on the planet, who can mix up easily with its owners. It has a mix of black and white and long hair of its head.
Mustang is a Spanish or Iberian horse breed, which started selling in America in the early 20th century. They are popular amongst domestic household, as they have a longer lifespan compared to any other horse breed.
This is amongst the most beautiful horses in the world, which is covered with white blotches on its black and brown skin. Frisian is a beautiful black horse with shiny skin.
They are used in war and have the capacity and stamina to tackle and stay calm in all the mayhem of the battleground. They make up for the best war animals because of their high speed, stamina, and body.
Thoroughbred is a popular horse which is used for professional racing in England. Their short legs help them deliver longer strides with easy stability and balance.
They are known for having broad chests and slender bodies with short backs, making them a perfect match for horse racing. They can run for the horse at a constant speed if they are brought up properly.
This horse became popular during the early 1980s when people started breeding and marketing them. This led to an instant increase in its price, which turned it into a status symbol in Arab, which motivated people to invest and domesticate these horses.
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