Money Saving,  Pets & Accessories

Budgeting For Your First Horse

If you are planning to buy a horse, one of the most important things you will need to do is put together a budget.

It is likely that you have already explored the initial price of purchasing a horse. This will depend on the type of horse you buy and where in the world you are based.

Aside from making sure you can afford the initial price of buying a horse, you also need to make sure that you budget for the monthly costs associated with owning a horse.

Women reaching to kiss her horse


There are many different stable options available. You can have your own stables built, or you can choose a range that provides full care, including stall cleaning and feeding. The options are endless.

You should explore each one carefully to find the right one for your personal circumstances, including your budget and your lifestyle, i.e. the time you have available.

Feed and supplements

You are also going to need to consider your budget for horse food.

A lot of first time buyers go for older horses. They do tend to need extra supplements and feed, though, to keep them sound and healthy, so you do need to keep this in mind.

You should consult your veterinarian if you need more specific nutrition advice.


While we are on the subject of consulting your veterinarian, this is another cost you are going to need to factor in.

Horses require shots a minimum of twice per year, and they will also need worming roughly every two months, so you will need to keep this in mind when determining your monthly expenditure on your horse.

If you talk to your vet, they will be able to advise you on an overall care plan for your horse, assuring you are aware of all of the different medical requirements.

Silhouette of a women stroking her horse in the sunset

Equipment and tack

When you buy your first horse, you are going to have an initial investment of grooming supplies, bridle, saddle, and other basic items. You will then have ongoing expenses, which includes the likes of replacing any equipment that wears out, horse blankets, grooming supplies, and fly spray.

Lessons and competitions

Aside from this, you may also have expenses in the form of lessons and competitions. Even if you are someone who has already had lessons for a number of different years, you should plan to continue doing lessons so that you can progress your skills.

By having an ongoing relationship with your instructor you can ensure that problems are prevented and that everyone stays safe. You may then need to spend your money on competitions if you plan on entering your horse into different events.

Wild horses grazing in the sunset

Hopefully, this has helped to give you a better understanding regarding the costs that are associated with owning your own horse. This should help you to budget effectively so that you do not run out of money while owning your new pet.

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