Do horsey people actually have savings??

J

Jazzy B

Well-Known Member
Joined
4 September 2011
Messages
1,240
Visit site
I work in a job where a lot of people have savings (lots) I often wonder how do people accumulate savings especially when they have a horse! Therefore my question is do horsey people actually have savings?? And when buying such an item as horse/4x4/lorry/trailer do people buy these items outright or do they borrow?? I know this is nosy but I'm wondering how will I ever get myself a trailer!
 
lol you and me both. I have no savings and never will. Unless of course I land some fantastic job as a graduate or else work 7 days a week working more than one job.
Got the 4x4 with a loan, however car has turned out to be a bad buy and I refuse to throw anymore money at it. With what has been spent I could have got a newer car but didn't have the funds originally to do this. So far it has cost over £1000, needed a clutch/gearbox within a few days of buying it. Car is now off the road and don't know how to progress with it.
It was bought with the intention of getting a trailer soon after as other car couldn't tow two horses. However a yard move ( not my fault) meant the horses cost more at new location and so have never had the funds since to get a trailer. So will probably end up losing a fair bit of money in the end.
At the moment at least have given up ever being able to transport my horses to anywhere and being stuck in a rut. Only likely scenario is to get rid of all my horses and then start all over again. However as I love my horses too much I cannot do this and know that if I ever had to ever make that decision I would not allow myself to have anything to do with horses again.
I never revisit something that has been lost, friends, jobs or anything as it leads to further heartache.
So unless my numbers do finally come up one day then I will never be able to progress and do what I want to do with my horses and what I indeed got them for in the first place.
Good luck with getting a trailer x
 
Haha - my husband has savings but I don't. He is really good at putting money away and I have just found out he has been overpaying the mortgage for the last couple of years!
 
I used to have savings, about 4 months salary for emergencies, that was one of the major reasons I decided to buy my daughter a horse because I thought I could (with insurance) responsibly afford to provide it, now I don't have 4 months salary, more like 4 weeks and i live in dread of anything major going wrong (even with the insurance)
 
I did have a few £Ks in savings but then I bought a house last year so all my savings ended up going on furniture etc and things have been pretty tight to be honest. Am I lucky cos don't have to pay livery as we have our own stables but I was struggling to make ends meet paying a mortgage, bills, car finance and paying off a loan. I got a lodger in my house and recently had to turn to the parents for help and paid off my car and my loan with their help. Shortly after though I got a promotion at work so finances have improved and I have started saving again. I think it is handy just to have that extra pot of money to be honest in case of any emergencies.
 
Hello.
Sorry to say l do not have any savings wish l did all my money goes on every day things for the house, my son who goes to collage cause he does not get a lot {l know like every one things are no easy } then my horse. To save a wee bit l like to look at the cheap bit in the shops for stuff {sad l know} People who do not have a horse all ways think were loaded WRONG l am not l do the best l can like every one.

From purplelady
 
With much regret, because of her care requirements, we had to put my grandmother into a local care home. I used to visit her everyday and she always said "have lots of fun because when you're sat here all you have are your memories".

Also, there are no pockets in coffins!!!

Spend it, enjoy it, just don't get into debt (unless you run the country!!!)
 
Nope, everytime I start to save something happens and I have to spend it, vet bills, hay, car repairs etc. even trying to save a bit each month for youngsters saddle when the time comes and that isn't going too well.

Saw an excellent hoody at HOYS, Poverty = owning a horse.
 
We've got 1.5 horses on DIY livery. We have a years gross salary available to us at the moment and this will continue to grow. As and when things are needed I prefer to save for them rather than borrow. I've always been a saver and am very risk averse. We've been lucky in that our salaries have increased hugely in the 9 years we've been working and I am very disciplined. Each year, when I get my first wage with that years pay rise increase in it, I alter my savings standing order so that the pay rise goes straight to savings and I never see it in my current account. I am essentially living on the same salary as I was about 6 years ago. We both also save each month to a joint savings account. We do both have relatively secure and well paid jobs and are lucky that we are able to do this.
 
what does that word "savings" mean? i have had horses since i was 21 (quite a few years!!!) and have never been able to save anything, and am still the same. my money just about pays for car,horse,dogs , bills and mortgage but if anything goes wrong with any of them i have to use a credit card. you cant take it with you!!!!!!!!: i am happy with my life :D:D but could be happier if only those lottery numbers would come up!!!:D:D:D
 
I am thrifty and a saver! So yes we have savings. Whenever we have extra (for example the 2 months when you don't have a direct debit payment for council tax) that gets saved. I also buy all the stuff that is on offer in bulk as long as it is stuff I would normally purchase. You can't get excited and use extra baked beans just because you bought extra can you?!!
 
Same as Ali2, I probably have about a years gross salary in savings , although not all in the same place. A percentage of that forms the "lorry fund" everything I get paid for doing other peoples horses and odd jobs goes in there. I have a cushion account, which I don't let go below a certain amount (albeit a small amount) that makes me feel safe in case of equine or motor emergencies etc. Another which I put in something when I have something left over, I very rarely take anything out of this one, just when I bought my car and the horse etc.

I'm very lucky that I live at home so don't have the same out goings that alot of people do, but I have quite a measly wage as an apprentice. I've always been quite good about having some savings but I honestly don't foresee having enough to move out in the near future.
 
I don't have any savings. And in the case of getting my 4x4 or a new horse I just cut right back and live of beans n' toast for a month or two.

In emergencies though I can as a LAST resort ask my dad for some money, he never asks for it back THANKGOD! But it's not something I like doing as it includes a talk, that I should look after my money better. But in the situations I've asked it's been like my partner walking out on my, and trying to get a deposit together for a house.
 
I have enough savings to live to our normal standard, ie car, phones, sky tv, usual bills and food, for about 3 months in case anthing drastic happens. Markie is insured, but as a veteran, I could scrape up enough for a £500 vet bill, if needed, out of the lorry money (if anybody borrows it, they pay fuel but it goes in a seperate account).
However, I do have more money saved with the local credit union. Started to do their Christmas Club a few years ago, now I don't have to think about covering Christmas at all! I put £10 a week away in there too as it's not as easy to get out as using a cashpoint card. Also, if anything dire happens, I can get a very competitive loan from them without having to increase the amount I already pay in (it will go as repayments instead of savings!).
 
Used to!

However on lovely days like today when I went hacking in gorgeous sunshine it made the sacrifices more worthwhile.

Think everyone is feeling the pinch at the moment in one way or another, it doesn't help that advertisers - horsey oand otherwise still bombard us with all the stuff they tell us we want. My mantra is 'do I need it?'.

I'm just keeping my head down, buying lowest cost food and clothes I can and riding out the current economic situation.
 
Actually, come to think of it, I don't have a pension for my retirement which is not too far away, believe me. :eek: It's going to be the poor house for this old lady...

*puts head back in sand*

Phew. But hey, I've got a horse. :D
 
You must log in or register to reply here.
Top