Are You Ready to Buy a Second Horse?

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Once you own a horse, it’s easy to start wishing that you had a second one. But before you start looking at horses for sale, you’ll want to be sure that you’re really ready to own a second horse. Here are some factors to consider before you buy a second horse.

Additional Items You’ll Need to Buy

If you plan on using your current horse’s supplies on your new horse, think again. Your saddle might not fit your new horse, which can lead to a significant purchase. Additionally, your new horse will need his own halter, rugs, grooming supplies, and equipment. All of these items can quickly add up.

Greater Monthly Budget

Owning a second horse will mean that you will have double the bills. Feed bills, boarding bills, and additional bills for the vet, farrier, and even for training will all double. Remember that annual vaccinations and teeth floating, expenses that are already significant, will cost twice as much when you own two horses.

Greater Emergency Fund

When you own a horse, an emergency fund is a necessity. When you own two horses, that emergency fund will need to increase to be able to support both of them in the event that emergencies should occur to them both simultaneously. Remember, emergencies don’t have to be only medical emergencies – an unexpected change in your life situation, such as the loss of a job, can require you to dip into your emergency fund savings. If you plan to buy a second horse, be sure that you can build your emergency fund up so that it’s large enough for them both.

Increased Time Commitment

Owning two horses requires much more time than owning one horse does. You will need to be sure that you have time to provide both horses with enough exercise to keep them healthy and fit. Don’t forget that small tasks, like grooming and clipping your horse, will double in time. Additionally, you will need to be able to provide both horses with enough attention and training time to keep them progressing and stimulated.

It’s also important to consider what will happen to your first horse when you buy a second horse. Is your first horse retired, or will he require daily work? Finding a rider who is willing to lease your first horse can help ensure that he gets enough exercise and attention.

If you’re thinking of buying a second horse and are planning to look at horses for sale, then make sure that you’re ready for all of the additional commitments that come with a second horse.

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