What are all of the major financial obligations of owning a horse(s)

I have about 10 acres of nice land and would like to own a horse and am not sure what kind of financial responsibilities there might be. Obviously, food and shelter, but what other major expenses might there be?

How much should I plan on spending per month per horse?

How much could you expect to

Well, having horses will up your water bill. Especially if you end up with one of those fellows who drink a lot. That seems to be an expense that gets forgotten a lot, but it can change your water bill drastically. And a lot of times horse troughs can be very expensive.

If you need to put in a shelter, that can cause some expense, but its only a one time expense.

Feed. I spend about 40-50 dollars a month on hay for one horse. One flake day and night, in the summer. I don鈥檛 do grain in the winter, because we don鈥檛 have harsh winters, but he was grained when I first got him, and that was an extra 10-15 dollars a month for a 75lb bag of sweet cob.

If you are planning on riding, there is tack expenses. Saddles run about 1000 dollars each. A lot of the time you can鈥檛 use one saddle for several horses because of fit issues. But my farrier did tell me about a pad he used that had three pockets on each side that had foam inserts you could use to raise or lower the thickness of your saddle pad in needed places.

Birdles can be anywhere from 20-100 dollars, with or without reins. Reins on the side cost about 10-40 dollars. Bits, most, around 50. Saddle pads can be anywhere from 30-200 dollars, you might want two if you have more than one horse, but generally you can use the same pad for multiple horses, wit two at least you have a back up.