Most horse owners spend about $60 to $100 per month on hay, salt and supplements – and some spend much more, particularly if they feed grain. The only thing that costs less in owning a miniature horse vs a full size horse is the feed. The arrangement, essentially a formal rental agreement between an owner and a rider for a horse's use, has shown signs of gaining ground in these economically challenging times. Training. Was the idea of buying a horse scary? Grain ~2 bags/mo @ $10-15/ bag…$20-30/mo. After trades, I only went over budget in January ($11.25) and April ($177.85). The average cost of boarding your horse. I love practicing dressage, eventing, stadium jumping, reining, trail riding, and cow work with my Quarter Horse in Montana, USA. Now that we’ve outlined monthly expenses, let’s look at the bigger picture — the annual cost of horse ownership. Understanding what horses cost and how you can afford one ahead of time sets you up for success from day one. How much does it cost to keep a horse? How Much Does It Cost to Buy a Horse – Prices. Horse Feed. Price varies based on breed and age. See my Disclosure. trades). This number can fluctuate depending on where you live, the facilities you’re interested in, and the type of board you choose. A horse's feet continually grow and so even if unshod will require regular visits from the farrier for trimming. The cost of boarding your horse can vary greatly. Monthly costs for a horse. Normally, it would only cost you around $80 up to $100 per month. Ehorses GmbH & Co. KG assumes no liability for the content of linked external websites. 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. Like boarding your cat or dog, the costs will go up based on the attention the horse needs. Sorry the page you were looking for cannot be found. A horse's feet continually grow and so even if unshod will require regular visits from the farrier for trimming. September expenses picked up a bit due to local end-of-season show costs. spring 2013 15 lead to significant savings in a feed bill. Horses with weakened immune systems are more likely... Imprint | Data privacy | Advertising © Copyright 1999-2021 • ehorses GmbH & Co. KG • All rights reserved. The Cost of Owning a Horse: Feed, Maintenance and Healthcare Needs. I manage my barn’s English and Western clinic program, which runs from April-October. Remember, this is the anticipated VALUE of expenses I incur for the year — not taking into account any trades for products and services. Mortality, medical, liability, vehicle, roadside assistance), Stabling (e.g. Of course, you might think keeping a horse at home won’t cost a … Of course not…, Brain: “Everyone says horses are really expensive…”, Gut: “Don’t worry about it. Check it out. I own three Marwari horses which have auspicious avartas and height ranging between 58" to 60". I have a lot to learn love your blog. hoof trimming by a farrier who knows what he/she is doing with minis will usually cost you per mini what a farrier will cost to trim a full size horse. Many horse owners pitch in at the barn doing chores, which is a solid option. The next chart adjusts monthly expenses to account for the situations when I’m able to trade for products and services. During my first two years of horse ownership, I didn’t think I needed to track my spending. Before we dig into the numbers, it’s important to keep a few things in mind. After all, my business was doing well, and I always paid off my credit card each month. Schooling shows and competitions, special events), Insurance (e.g. My gear expenditures are all over the place. The only truthful way to answer this question is an all-caps, bold, resounding “HECK YES.”. I board but my costs are still only 230 a month per horse. Boarding Cost: $100 to $700 per month or more. There are many different equine hairstyles. In some farms, the price of hay is about $20 per bale. The cost of a Horse in India depends on several factors such as the breed, age, height, avartas,colour etc. So, how much does boarding a horse cost? It was eye-opening to learn my monthly “goal budget” ($1,000) is below the baseline value of incurred expenses 100% of the time. Tack is a big cost though it is pretty much a one time hit rather than something spread out. Farrier. Many equestrians choose not to carry any insurance, but I’m not one of them. Leases are usually paid for monthly, and can cost anywhere from fifty dollars per month to hundreds per month (again, depending on what is included). In my reports, I assign every expenditure into one of these categories: My goal is to keep monthly horse expenses under $1,000 after adjustments (e.g. That means that if I didn’t actively work to trade for products and services, I’d would. It does not factor in any trades for products or services. On top of the cost of stabling and/or providing grazing for your horse, you’ll also need to consider the cost of feeding them when they don’t have access to fresh grass. During this time, I typically take three lessons per week and ride in clinics at least one weekend per month. I use round bales which I stuff my slow feed hay nets with so that cut my hay costs in half and I get sawdust from the Amish which cut my bedding by more than half($2.50 vs. $7). Here are the most common boarding options you might consider for your horse: Full Care Board ($300 – $700/month) The chart above shows the average percentage of monthly spend in each category. How mucH does it cost t0 own a horse? To illustrate, say you are buying a home for $250,000. (I expect another spike in October for Fall vaccines.). These numbers represent the total dollar VALUE of my equestrian expenses. All of those memes about a horse eating money is no joke, as the average yearly cost of owning a horse (after buying the horse) is about $2800, which doesn’t include all … Fill in the boxes with squares around them with the information needed to find your answers. Here are a few important things I’ve learned through this process: Analyzing my spending has completely changed how I view the financial side of horse ownership. The training costs depend on the type of training you and your horse need. Every time I pulled out my wallet at the local tack store, I got a pit in my stomach. Some owners may also require an additional fee for leasing the horse, which is usually 25% of the horse’s value. If asked to describe the most financially responsible path to horse ownership, it likely wouldn’t include quitting your corporate job, starting a small business, moving across the country, and jumping into the equestrian world with both feet. These adjusted numbers are what I actually PAID OUT to support my horse habit each month. But how much does a horse cost? Vet Bills: Horses get sick. Shoeing Average Price per Visit: $65 – $130 A full boarding gives the barn owner the responsibility for the feed, the stalls, as well as other horse care basics like hosing off sweat and even blankets. Not surprisingly, Education, Stabling, and Health get the biggest slices of my budget pie. The amount of horse feed depends entirely on the size and type of horse. Hay - $175 a ton. This site uses Akismet to reduce spam. So, in effect, a 5 percent owner would be encouraged to budget around $50 per week over the course of the year," says Allan. For funny horse gifts, t-shirts, eBooks and more, check out the Etsy Shop ❤. Veterinary Care When it comes to owning a horse, it’s important to be prepared for the financial responsibility that comes with that decision. Annual Horse Expense Sheet Item At Home Outdoor Board Indoor Board Your Notes, Suppliers… Your cost/month Your Cost/year Board N/A $300/Month $550/Month $3,600 $6,600 Hay $910 N/A N/A Bedding $1,144 N/A N/A Horse ownership is extremely rewarding. This article tells... Have you ever wondered how much a horse costs per year? Most horse owners spend about $60 to $100 per month on hay, salt and supplements – and some spend much more, particularly if they feed grain. That includes the cost for stabling a horse, equipments, medical care, insurance, and grooming. Clearly, a lot of my expenses would be considered “optional” versus “essential.” I don’t need to take lessons, ride in clinics, or have insurance to support my horse habit. How much do baby horses cost? Without further adieu, let’s get into the numbers. 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. Your interest rate is 3.0%. Approximate total costs (in the example calculation) range from a minimum $ 4,180 to a maximum $ 9,940 in one year. My greatest spending relief occurs during Montana’s coldest months (January-March). Horses can be acquired for nothing. Cost of horse tack and equipment. "We base cost on $40,000 per year upkeep. Be sure to buy high-quality hay to make sure that your mule receives enough nutrients. How much does it cost to feed a horse per month? I get asked this all the time and it is a difficult question to answer because there are so many variables that can affect the actual costs. My highest cost months are April-July, which is the height of our clinic season. Bedding - $4.50 a bag ( you would go through about 10 a month for 1 horse) Farrier - $60 - $ 200 every 6 -8 weeks. That'll last you a week or two depending on how much … This often includes the cost of food, shavings, a stall, turnout, and deworming. The average cost for horse boarding is $350 to $400 a month. By using the Hay Cost Calculator, we know what an average horse will cost a month in feed. Ballpark Estimate: $3,000 to $8,000 for a horse; $1,000 per month food, care, and boarding. Not too shabby! SELF-CARE BOARD: You pay for access to a stall and paddock, but you have to do all of the work yourself: buy food and feed the horse, fill water buckers, buy shavings and muck stalls, turn the horse out, schedule the vet and farrier, etc. Equi-Clean Horse Grooming Wipes - Product Review, 5 Reasons Horseback Riding is Good Exercise, what horses cost and how you can afford one, Education (e.g. The Upfront Costs Average Horse: $800-$4,000 Show Horse: $3,500-$8,000 Pre-Purchase Vet Exam: $250-$500 Tack: $400-$1,500 Buckets & Stable Supplies: $50-$100 The Steps of Importing a Horse from Europe, “You Ride Like A German” – The Difference Between The German And American Riding Style, Showcasing the most beautiful hairstyles for horses. During clinic season (April-October), I usually ride in at least one clinic per month. Hay: $40-$200 a month; Grain: $15-$30 a bag; Bedding: $5-$12 a bag The cost of insurance to cover vets fees will vary depending on the type of cover taken and the value of the horse or pony but should be expected to cost in the region £20-£40 per month or more. What's the difference between a free horse, a $500 horse, a $5,000 horse and one that can cost well over the $10,000 or $20,000 mark? For more info please see my full disclosure. Horses can cost anywhere from free to millions of dollars! You only have enough cash to cover a 10% down payment plus closing costs, so you must pay PMI to the tune of $125 per month. Longer-term horse leases can cost a bit more per month, but are the perfect option for equestrians who want to have exclusive access to a specific horse and build a more serious bond with them. But I’d been in the equestrian world my entire life, and I felt prepared. Trades, I actually came out ahead thanks to consigning some used gear at our local tack store, bought! 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