Keeping horses on a tight budget is probably more like it. The word budget is defined by perspective. For what is expensive for one can be affordable for another, or affordable for one can be expensive for another. So I will give you the bottom line about what it costs to keep a horse on a farm in the state of Indiana. Now if talking about money makes you uncomfortable then don't continue reading because I am putting the honest truth about dollars we spend a year to keep horses.
It is also a bit more complicated than just numbers because if you were to be completely thorough you would need to add into the equation the cost of fencing that was put up and stalls that were built. First I will list the one time costs to make the property horse worthy. Thankfully a small barn(post to come soon about that small barn. Far from fancy but functional) was already on the property so we did not have to build.
3 stalls; lumber, gates, and hardware $200. (though we need to spend about $100 more to finish them)
3 acres fenced in $3000. My argument for this is that it is investing in the property. May not be 100% true but I am going with it.
The cost over a year to keep 2 horses and 2 miniature horses.
Vet $600 (this is if just basics are covered and no issues, which thankfully is all we have had so far)
straw/sawdust $200 (kept outdoors 90% of the time)
divide that by 12 months
I pay roughly $300 a month in keeping all 4 horses.
fuel to haul them $50 a month
paying for lessons/clinics $50 a month
competition fees(this year) $300 total
cost of tack/equipment about $2000 this year
Now we can get into the morgatge payment on the property $1,000 a month
and a truck to haul the horses $500 a month
but then we would just be spiting hairs...lol..or at least that is what I tell myself.
When it is all written down on one hand I feel I do the best I can to make owning horses affordable and on the other hand I see a lot of money not being put into savings. I wanted to do this to help me put things into perspective and thought I would feel good about the outcome but now that I see it written down I think I need to excuse myself because I think I am about to get sick....bleeeech....
I do love these animals and think almost $7000 a year is worth having them in my life but man I need to get a job!!!