Editor's note: This post is intended for the pleasure owner, not those horse owners or potential owners who are interested purposes.
in horses for investment.
If you are just about to get a horse or would like to get a horse, one of the first things you must consider is the expenses of horse ownership.
Horses are wonderful and beautiful animals, but hardly an inexpensive 'hobby'.
In addition to the financial expenses, you should also be prepared for a major time commitment, unless you board your horse or hire a stable manager.
If you're a do-it-yourselfer, plan on a couple of hours per day, every day.
OK, now back to the expenses.
I find that most people start with the actual cost of the horse, then go from there.
I disagree with this approach.
I think that the cost of the horse should be the last thing you should consider.
Board costs and/or barn costs (if you are not boarding) and feed should be at the very top of your list.
These can vary greatly by geographic location and services, but expect at least $300/month for 'no-frills' board (feed is not included in this price).
Next, vet bills will take up a sizable chunk of your hard-earned dollars.
It is not unreasonable to plan for $500/year.
Farrier and tack will eat the rest of you cash.
Farrier services will most likely be in the $500-$750/year range.
Tack will start at $500.
Oh, and don't even get me started on a good quality horse trailer.