If you have decided that it’s time for you to buy a horse of your own, you could be concerned about how much it’s going to cost. Of course, buying and owning a horse generally isn’t known for being cheap. However, being aware of the costs that go along with horse ownership can help you be prepared. Some of the costs that you should research and prepare for have been listed below.

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Purchase Price

Horses can range in price from free to millions of dollars. If you’re like many people, you’re probably going to want to look at horses that are ranged in price somewhere in-between. Don’t make the mistake of adopting or buying a free or cheap horse just to save money; in many cases, you’ll have to spend more than you saved on training, medical care and more.

Boarding

Once you buy a horse, you’re going to need somewhere to keep it. If you aren’t able to keep your horse at home, you will have to keep it at a boarding facility.

Insurance

Get a horse insurance quote from a few different companies to find out how much insurance will cost. Then, if something happens, your horse will be covered.

Medical Costs

Your horse will need vaccinations and other medical care, so make sure that you factor in the cost of hiring a vet.

Feed

It’s no secret that horses are big animals and that they eat a lot. The cost of hay, grain and supplements can add up, so if these costs aren’t included with your board, you’ll need to do your research so that you’ll know how much to expect to spend.

Tack and Gear

Naturally, you’re going to need riding tack to put on your horse and riding gear to wear yourself when you ride. There are a lot of costs to anticipate when it comes to buying and owning a horse. Making sure that you are aware of these costs can help you be more prepared for them. Then, you can enjoy your horse rather than considering it a financial burden.