Horses are expensive, and even the most diligent and experienced owners can find themselves facing hard financial times. Owners just need to remember to keep their horses ' well-being in mind and not be afraid to seek assistance as they work through their challenges. | Photo: iStock

It’s a fact: Horse keeping is not an inexpensive proposition. And, if owners fall into challenging financial times—due to job loss, divorce, injury or illness, or countless other reasons—horse care costs can seem even more daunting. Fortunately, there are resources that provide help for horse owners as they work through bumps in the financial road, but knowing how to find and access them is key. Doing so can ensure horses don’t end up as rescue cases.

Don’t Overlook—or Ignore—the Signs

A survey conducted by the University of Maine pegs the average annual cost to keep one average 1,100-pound horse in that area at $3,846; of course, this figure can be lower or significantly higher depending on numerous factors. Some of the costliest expenses owners face throughout the year are veterinary bills—especially unexpected ones. Other routine ongoing expenses can include the costs of farrier services, hay, grain or feed concentrates, bedding, and board, among others. When owners struggle to make ends meet, they might make changes in how they care for their horses.

While it’s good practice to take a close look at horse care costs and identifying places to save money (does your horse really need multiple supplements, some of which might overlap ingredients, or a brand-new blanket to replace his faded but functional one?) having to cut too many corners can negatively impact your horse’s well-being