Horse ownership is a huge commitment. In this video, Wendy Krebs, DVM, Bend Equine Medical Center, in Oregon, explains how to budget accordingly and what to expect along the way.

“A wise person once told me that the cheapest part of buying a horse is actually the price tag on the horse, and that is so true,” said Krebs. “The major expenses come down the road with the maintenance of that horse, and those horses can be our companions for two or three decades. So you need to plan ahead.”

Find Krebs’ tips on preparing for horse ownership and the expenses that go along with it in this video.