The following format serves as a guide in helping you to determine the ongoing costs of owning your horse. Costs and fees vary by different regions of the country so it is important to get a number of estimates in developing your projected budget. Once you have a working budget developed, you should monitor your monthly costs to identify any variances to your estimates. This will ensure that you stay within your budget and know the true cost of owning your horse.
Budgeting for Horse Ownership
| Item |
Projected Cost |
Actural Cost |
Variance |
Boarding Your Horse |
| Boarding Fees |
|
|
|
| Hay |
|
|
|
| Grain Feed |
|
|
|
| Salt/Minerals |
|
|
| |
| Pasture |
|
|
|
| Farrier |
|
|
|
| Bedding |
|
|
|
| Riding Lessons |
|
|
|
| Rider's Education |
|
|
|
| Riding Clothes |
|
|
|
| Hauling Expense |
|
|
|
| Showing/Competition |
|
|
|
| Other |
|
|
|
| Other |
|
|
|
| Related Expenses: Boarding |
|
|
|
Budgeting for Land Ownership |
| Fencing |
|
|
|
| Pasture Maintenance |
|
|
|
| Barn/Stable Management |
|
|
|
| Utilities |
|
|
|
| Manure Management |
|
|
|
| Interest |
|
|
|
| Depreciation |
|
|
|
| Other |
|
|
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| Other |
|
|
|
| Other |
|
|
|
| Other |
|
|
|
|
Related Expenses: Land Ownership:
|
|
|
|
Showing/Competition |
|
|
|
| Registration Fees |
|
|
|
| Manure Management |
|
|
|
| Interest |
|
|
|
| Other |
|
|
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| Other |
|
|
|
Related Expenses: Showing & Competition |
|
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|