Can I afford a horse?

i would put that on your lottery wish list.for one the horse would need at least a couple of acres for excercise.then one would cost thousands to purchase.then the vet care.i would wait on that for awhile,but down the road when you are in the black it could be possible.

It could run in to the tens of thousands. My uncle owned 1/4 of a horse and it cost him $40,000. And that was in the early '90s! He sold his share for around $75,000 so it's a good investment (if, and I do mean *IF*) your horse can run like the wind and win high stakes races.

Frankly, though, that's a rather odd question to ask on a board dedicated to help those buried in debt. Perhaps you would be better off asking that on a horse racing industry board for better results.

Not to mention, buying a horse requires cold, hard, cash. As far as I know, there are no payment plans, it is far too risky.

Of course, I am assuming you wish to buy a race horse. If not, then you must have the space for a horse, then you have a ranch, and I would take care of your debt first.

Do you NEED a horse, or just want one? Clear up your debts first and then see if you can afford one.

I would wait on the horse. Minimize all your debts first then take a look at what you have left to invest in a horse.

I think if you can move to rural area where the properties are cheaper, you can buy bigger area to maintain horse. However, depending upon the locality maintaining horse may cost you upto 20k in a year.

Beef's cheaper.

LOL, anyway i had one when i was a kid, probably a good 18 years ago, and he was old. so we got him pretty cheap. BUT like the above post they need room for grazing, you will need to put a few hours a day into him, for excersize(riding), brushing, cleaning out the stall, you will need a barn to keep him in and of course at minimum you will need 2 visits to the vet for shoes and sort which is very costly. factor in the hay, and it will need a variety of different foods to keep him a healthy diet such as sweet mix and such which is extremely expensive and they eat alot. This is all if you have a healthy horse. most people dont realize how pricey they really are its not the initial cost that is really that bad, its the overall.

so i would suggest you pay your debts first and if then you are debt free by all means go for it. Its my dream to have a few horses but i dont see it ever happening the time alone is a big factor.