Ways to Save Money When You Own a Horse

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Whether you’ve just looked at horses for sale and bought a new horse, or have been owning horses for years, being able to save money and cut costs can be important. Horses are expensive – here are some tips to help save money when you own a horse.

Stick to a Budget

It’s easy to make impulse buys when you own a horse. A new colored saddle pad, the next trend in helmet styling, and entries in an extra horse show or two – the temptations are endless, and the costs can quickly add up. Establish a budget for your horse expenses, and then try your best to stick to it. Calculate what you need for your horse’s basic expenses each month, factor in extra expenses like the vet and the farrier, and then build in a little spending money room. Having this monthly budget established can help you to keep an eye on how much extra money you may be spending.

Buy in Bulk

When you have to buy horse supplies such as shavings or hay, try to do so in bulk. Items are always cheaper when purchased in bulk, so while it may cost you more initially, you’ll save money on future purchases that you don’t have to make.

When buying in bulk, though, it’s important to make sure that you can actually use the products that you buy. If you buy hay or grain in bulk, then make sure that your horses will eat it before it goes bad – otherwise the savings of buying in bulk will be lost. The same is true with buying shavings or bedding – unless you have the space to store the extra bedding to keep it dry until it’s used, then buy in smaller batches to ensure that you don’t waste the product.

Lease Out Your Horse

One of the best ways to significantly reduce the cost of owning a horse is to lease your horse out. Offering up your horse for a partial or full lease can relieve some of the financial burden of the cost of caring for your horse. It also frees up some of your time.

Provide Excellent Care Vet bills can be expensive, and many injuries and illnesses in horses are preventable. Though it may be tempting to save money by skipping regular check-ups or vaccinations for your horse, don’t. Regular check-ups with your vet can serve as a way to check in and monitor your horse’s health, and vaccinations help to prevent serious diseases. Additionally, make sure that you always provide your horse with quality feed and care – this can help to keep your horse from becoming sick or injured.

If you’re looking at horses for sale or already have a horse of your own, consider putting these techniques to work to save money when you own a horse.

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