1 If you earn $19 per hour, then calculate your annual salary with the equation (32.5 x $19) x 52 = $32,110. 2  Keep track of your weekly hours with spreadsheet software or a time-tracking app. 3  Some time-tracking apps are marketed to managers who have to keep track of hours for multiple employees.
Full-service boarding facilities are at the high end for board rates. At these facilities, you pay to have your horse taken care of completely by the facility. The grooming, feeding and exercise are included in the cost of board, which can cost $500 to $1,500 per month. On the other end of the cost scale, facilities may offer no services, leaving the owner responsible for all the upkeep of the horse and maintaining the stall and lot that is used by the animal. Board in this type of facility could be as low as $50 to $500, depending on the area.
In addition to the initial purchase, there is a laundry list of other costs you as the owner will be responsible for. By year's end, an average owner can expect to pay $60,000 per horse for training, boarding and other expenses [source: Wharton ].Here are a few of those costs: 1  Day Rate: This is the rate owners pay to train, house and feed their horses at the track. The average fee can range from $45 to $120 a day per horse [source: Wharton 2  ]. Owners who race at major tracks can expect to fork over $34,000 a year in training fees [source: theracinggame.com 3  ]. Shoeing: Although horses don't wear high-heeled Jimmy Choos, the cost of keeping a horse in shoes is just as expensive.