This is a fairly personal discussion today, so feel free to not participate if you’d rather not share. But it’s one we certainly all think about- how do we finance our ridiculously expensive equestrian hobby? I realize that my own situation is just as unique to me as anything, but I’m curious how others make it work.
Luckily for me, the husband is appreciative of my extracurricular activities because it keeps the weepy-Kujo version of myself at bay, among other less-emotional benefits. So when our finances became one we created a system for paying bills that covered basic horse expenses (board, farrier) and also reciprocated in affording some of his specific needs as well.
Everything else is on me. This includes all the tack, supplements, lessons, clinics, shows, breeches…. The list goes on and on. For all of this, I sit in front of my calendar and make a list at the beginning of every month of the expenses I have planned- lessons, a clinic, paying off that saddle I just bought, etc. Then the list goes through prioritization mode (i.e, what do I want most, what moves me towards my goals, and will I die if I try something without taking a lesson first, etc). Lessons and clinics tend to come before extraneous (beautiful) tack additions, for instance. After crossing things out, adding up the results, I can then create a budget.
Of course horses being horses, no plans, and definitely not expenses, are ever safe from change. So my budget allows for a little to be added to the future trailer fund savings account each month just in case. I try not to make quick decisions about purchases (as much as possible- not always possible) and take care of the things I have in order to help them live as long as possible (see posts about 15 yr old bridle, and brushes etc of similar age). My photography jobs help me fill in any gaps as well, and though it keeps me even busier, it’s huge for me at the moment to recoup some of the costs from you know, buying a horse recently.
How do you guys make it work? Do you have a side-hustle to support your hobby? Are there expenses that you prioritize before others? Are there things you forego in order to achieve financial stability?