Finances are very much on my mind lately (I have a horse: when aren't they?), especially after spending yesterday at Equine Affaire and seeing loads of lovely, expensive horses for sale.
I'm going to assume that if you're a horse person you have gone into debt for something at some point. Maybe for something good, like a new truck or trailer or even a farm. Maybe for something bad, like unexpected vet bills or a new saddle that had to happen sooner rather than later. I shelled out $3k+ in vet bills this summer: I hear you.
In addition to finances, I've also devoted a lot of time to thinking about what my next horse will be like. Don't worry - Tristan is doing great, and not going anywhere. But he's 22, and I'm an obsessive planner. I have some really specific things that I want, and those things are probably not going to be cheap.
I paid $150 for Tristan. $50 of that was a Christmas gift from my family. I often joke that literally everything about him - from his bridle to one set of shoes to my helmet - has cost more than he did.
I will almost certainly not be going that route with my next horse.
So, I ask you:
Would you ever go into debt to buy a horse? Take out a personal bank loan? Pay a broker in installments? Jointly purchase with a trainer and pay back over time? HAVE you ever done this?
I'm genuinely curious. Please let me know if you would, and if so, what the circumstances would be. Or if you have done it, how did it work and did it work out?