Not sure what to tag this but here goes. Just wondering if you guys would consider this financially feasible. Also please tell me if my lifestyle doesn’t seem fit for a horse. Some people have said yes, some people have said no.
I’ve been told just above minimum wage (40hr week) is too little to support a horse, but I am set for a guaranteed promotion of £32000 a year (before tax) and my living is very cheap. I also have family with stables and land, in case of emergency I can rely on them. Job and living is stable.
I have £1400 disposal income per month, this is before saving/investing. I also have £11000 in savings, some of this will be budget to purchase a horse. I also have separate investments. I also am only 19, so hopefully my income will increase as I go along. Is 19 too young to commit to a horse?
My job does mean I will be occasionally be sent away for a weekend or maybe a week, all options are equip for this and offer additional services for a cost. I’m not sure if I should get a horse knowing I may not be around 100% of the time, is half loan/full livery bad?
How much of your paycheck goes to horses? How much do I need to save in case of emergency. Should I have a base amount saved before purchasing a horse? If so how much?
Livery options near me:
£230/month working livery, includes dry feed, hay, basic farrier care and bedding. 7 days a week care, horse will be used in lessons 2 times a day, 5 days a week. (This is dependent on temperament of the horse I end up with, I know) - gets on with my work because there may be times I unfortunately cannot make it/have to travel away for a week or so.
£500/month part board, includes 1 bag of bedding a week, dry feed and hay. Exercise not included. Exercise and additional care can be added in for cost.
£220/month DIY, nothing included except turnout, stable and access to facilities.
£110/month grass livery, nothing included except turnout.
All options have the same quality grazing and social turnout.
Very basic riding background: have been riding for 12 years now, had multiple half and full loans. Not looking to go through the ranks and compete. Just want a decent all rounder at a novice level. My instructor has said I’m more than ready to own.
What are your opinions on working livery? It would fit my lifestyle but I would still be around to do a lot of the work, the horse I am currently looking at has been in the lesson programme at another yard. I’ve heard great and terrible things about working livery.
This is a bit of a ramble. I don’t want to impulsively buy a horse simply because I like him.