Owning a horse is a rewarding experience, but it comes with significant financial responsibilities. Use this calculator to estimate the annual costs of owning a horse, including the expenses for boarding, feeding, healthcare, and more.
How to Use?
1. Enter your monthly boarding and feed costs.
2. Input the annual expenses for veterinary care, farrier services, and equipment.
3. Add any additional miscellaneous costs such as lessons, transportation, or insurance.
4. Click 'Calculate Total Annual Cost' to see the estimated annual expenses of owning a horse.
Example Calculation
For example, if your boarding cost is $500 per month, feed cost is $150 per month, veterinary care is $1,200 per year, farrier cost is $600 per year, equipment is $300 per year, and miscellaneous costs total $500, your annual cost will be:
Total Annual Cost = (Monthly Boarding + Feed) * 12 + Vet Care + Farrier + Equipment + Miscellaneous = (500 + 150) * 12 + 1200 + 600 + 300 + 500 = $10,800
Factors Influencing the Cost of Horse Ownership
- Boarding: The type of boarding facility and services provided.
- Feed: The quality and quantity of feed your horse requires.
- Veterinary Care: Routine checkups, vaccinations, and emergency treatments.
- Farrier: Regular hoof care and shoeing services.
- Equipment: Saddles, tack, grooming tools, etc.
- Miscellaneous: Lessons, competitions, transportation, insurance, and more.