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When you own a horse, it is very important to understand that it is not a cheap possession. In fact, owning a horse can actually end up costing you a lot of money, potentially even causing you to go into debt. Nonetheless, there are a few ways that you will be able to save money on your horse. If you would like to know what those ways are, then it is highly recommended to check out the rest of this guide which has been created for your reading pleasure below. Take a look now to learn more.
Rent out Your Stable
If you own a horse, then you will definitely need a stable. Nonetheless, this can be rather expensive due to the fact that inflation in the USA is so high. One way to cut down on stable costs though is to rent out your stable when you are not using it. You will find that there are a whole bunch of people who will want to pay you a lot of money to use your stable, thus cutting down on the overall costs that you will have.
Sell Off Your Horse’s Manure
If you are just throwing away your horse’s manure, you are basically throwing away free money. This is because horse manure can be used as fertilizer for farmers. You should definitely be making sure that you are setting up a deal with farmers to sell off any excess horse manure that you are not using. This way you will be able to make some decent money off your horse.
Buy a Horsebox on Credit
When you are looking to transport your horse around, then you definitely need to invest in a horsebox. It’s worth bearing in mind however, that owning a horsebox can be rather expensive, especially during today’s cost-of-living crisis, so you definitely need to think smartly about this decision.
One clever option is to buy the horsebox on credit, so you will be able to split the costs into monthly instalments instead of paying it all off at once. If this is something that interests you, then you should be taking a look around for a specialist broker today.
Buy an Older Horse
One of the biggest expenditures on owning a horse is naturally, the money that is spent on buying the horse in the first place. This means that you should actually be looking around for a horse at a more reasonable price than the competition, especially as the average price is around $3,000.
One way to cut down on costs of horse ownership is to look around for an older horse, because as a general rule, a new-born horse is naturally going to cost more money than one that is already over ten years old. While this does mean that you will have less years to spend with the horse, and that horse will have different needs, if you have bought one for just a specific purpose — for example, one that only takes place over just one or two years — then this can actually represent a much smarter economic decision.
Conclusion
There’s no way getting around the simple fact that owning a horse is expensive. With that said, this guide has shown that owning a horse can actually be cheaper than you might think. Take stock of all the advice here in order to guarantee the best possible savings on your horse.