Expenses of a Horse

You’ve been told that it is expensive to purchase a horse, and even more expensive to take care of it. But exactly how expensive is expensive? Here’s a list of the ballpark figures of what you need to prepare when you buy a horse.

1.       To buy a horse, it would cost an average of $3,000.

2.       Now to maintain it, you would need a stable which costs $250 to $1,000 per month. That’s $3,000 to $12,000 per year. If you keep this for 20 years, that would be $60,000 to $240,000.

3.       You need to buy hay, saddle, bedding, tack and other things. A bedding and hay is $100 or more every month. The stable needs salt, minerals, water and electricity which is $40 per month.

4.       Veterinarian fee is $200 to $300 per year. When your horse gets sick, the medical cost would be roughly $200 to $8000 for basic treatment up to surgery.

5.       Horse’s hooves trimming – $30 every 2 months. Shoes $30. Farrier costs would be $360 per year.

6.       Basic Insurance, $40.

7.       Equipment budget is at least $2000.

8.       Miscellaneous fees about $200 to $300 per year.

With all these fees presented to you, will you still purchase a horse? It’s your call.