What are my options??

B

BBD

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I have changed jobs in the last month, my new job pays a lot less than my old one did and after struggling through last month I have realised something has to go.

I have a credit card debt of 1k
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and a loan repayment per month of £200, so obviously these are important outgoings. I then have to pay rent, leaving me with about £200 spare money.

My livery is £120
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My horse is quirky to ride and needs a competent rider and he's 14- I worry that I wont find anyone suitable for him
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but I feel he has to go before I start having to compromise on his care
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he's bombproof and hacks out alone and in company and would suit a novice rider all aprt from the fact he's strong in company at gallop.

Thoughts please anyone? Do I bite the bullet and start advertising my horse? I think I know the answer..
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Anyone have any helpful thoughts?
 
Why not put him out on full loan? That will stop your outgoing monthly costs for him, allow you to monitor his care and take him back in the future when your finances allow it.
 
I don't really like the idea of loaning but its an option.

I wonder whether though, my debts signify I can't really afford him either way
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He needs managed grazing and all the bog standard grass rents round here are on huge grassy fields. I did think of that though but none of the cheap liveries seem suitable for him.

He suffered laminitus last year so I have to be so careful with him.
 
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I am new to the forum and in exactly the same position. Yes I would start to advertise now, its painful but essential before your situation starts to get any worse.
 
I have also been there unfortunatly with 2 horses!.
I got a 2nd job, a sharer and also tried field livery. I also fed cheeper feed.

IT all does work. I promise. The sharers paid enough to cover my weekly rent and the amount I earn't paid for the rest and my diesel for the week.

Also give up the Credit card and go and chat to the bank about consolodating the loans into a more manageable amount ( I have also done this and gone the whole hog of giving up CC, debit card, overdraft and chequebook..... it is hard to get used to but well worth doing)
 
I have advertised him for share but had no interest at all
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he's a good horse but does need a good rider, which I think is the problem
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I would advertise him and see who comes to see him. If you don't think they are right for him you don't have to sell him but it would keep your options open. In that he is young enough to sell and sounds like a nice ride you could get someone really nice for him.
 
That is true.

I don't want to do nothing and wake up one morning and not be able to pay his livery, do his feet etc. He means so much to me I couldnt bear for him to miss out on things.

He's a very good doer and an angel just needs management in the summer and a confident rider.

I hope I can find someone perfect for him, he's my best pal.
 
i would keep looking for a sharer. and find other ways to cut costs- deep litter your bed, cheaper feed etc. also have a clear out of stuff (both horsey and not) and have a car boot sale/stick them on ebay to give yourself some money to help through winter. personally i would never give my horses up, no matter how little money i had...but thats just me
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Could you not look at a bit of part time evening work to bring in some more money? I work full time and do clerking for school governor meetings in the evenings every other month and this brings in anything up to £50 per month extra per school...are there any jobs like that around that you could fit in?
 
There are, but then I wouldn't be able to ride etc so I felt it would defeat the object. I also thought the tax would take the job wage down below being worth it?
 
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