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| I am on here under a new username because I want to stay hidden. My husband and I are trying to get into our first house together. We have been married for two years and we are now ready to buy a house. The big problem is the down payment. We want to be able to put down a good chunk. We have 3 horse. I have two and he has one. Is it worth it to sell my heart horse. He is my dream horse, dream color, dream bloodlines dream conformation, dream attitude, just all around perfect in my eyes and i just started him this last spring and he is more then o could ever ask for very talented. I bought him as a two year old and then made the heart breaking decision to sell him when I got married to help pay for the wedding. I regretted selling him up until the point I bought him back a few months later!! YES was lucky enough the people let me buy him back. From that moment on I said I would never sell him. my other horse is in a lease situation so technically he is not even in the picture. Its really important to me that my husband and I get our own house ( we are currently living in an apartment on my parents place) i love them, but we want to get out! Do I suck it up and sell my heart horse to get into a house? Do i get another job? Find other mean to save money? sorry this was so long. Any input harsh or not would be appreciated.  |
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 Shelter Dog Lover
Posts: 10277
 
| I would not sell if he is not one that you can ever get over selling. I have sold in the past, shed a few tears as they left but was able to feel good about the sell. I have one that I let someone take for a month, I cried every day he was gone and finally told them I could not sell him and bring him home ( he was never for sale, was not being used and they continually asked to try him, I finally said ok).
Edited by rodeomom3 2017-06-20 6:07 PM
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 Gotta Have a Gray
Posts: 899
Location: Tex. Panhandle | You need to do what is best for you and your husband. BUT you both need to be in agreement on it. If you are not completely on board, it could be an issue later. I will say I have sold 3 like that in the past 5 years. Always because our family needed the $..... be it part of a down payment on our current home or when we decided to place flooring throughout 3700 sq feet and gut a bathroom.
Was it hard to sell them ..... heck yes. Did it break my heart at the time ..... yes. Would i do it again with either 1 of mine standing out in our pasture now ..... yes. My family comes before any hobby. My husband and I have sold 2 5th wheels also and went without one for sev years simply bc we were so busy with other things we didnt have time to go. Also sold our boat this past spring. Now he has his dream camper (which we got used at one heck of a price)
Just because one door closes on what we think is exactly what we want/need, does NOT mean something better is not in store in the future.
Best of luck, those choices are never easy to make |
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 Expert
Posts: 3815
 
Location: The best kept secret in TX | sadandlost - 2017-06-19 3:31 PM I am on here under a new username because I want to stay hidden. My husband and I are trying to get into our first house together. We have been married for two years and we are now ready to buy a house. The big problem is the down payment. We want to be able to put down a good chunk. We have 3 horse. I have two and he has one. Is it worth it to sell my heart horse. He is my dream horse, dream color, dream bloodlines dream conformation, dream attitude, just all around perfect in my eyes and i just started him this last spring and he is more then o could ever ask for very talented. I bought him as a two year old and then made the heart breaking decision to sell him when I got married to help pay for the wedding. I regretted selling him up until the point I bought him back a few months later!! YES was lucky enough the people let me buy him back. From that moment on I said I would never sell him. my other horse is in a lease situation so technically he is not even in the picture. Its really important to me that my husband and I get our own house ( we are currently living in an apartment on my parents place ) i love them, but we want to get out! Do I suck it up and sell my heart horse to get into a house? Do i get another job? Find other mean to save money? sorry this was so long. Any input harsh or not would be appreciated.
Cut your costs.
Talk with a financial advisor on how to save money. You'd be surprised how much money you can save by cutting out all the "extras".
*Down size on everything.
*Shop with coupons
*Cut off the internet, turn the phones down on the internet
*Shop around for a cheaper phone plan
*refinance your vehicles for lower interest rates
*clean out your closets
*down size your boot collection
Look into a budget when talking with your financial counselor
*Look into investing money elsewhere through a broker
*A "good chunk of moeny" for a downpayment is around 10-20% of the cost of the house. ($100k house= 10k-20k downpayment.)
*Look into selling the lease horse to the Leasee
*Shop at stores like Aldi or Sams Club instead of Walmart -Buy in bulk but always do the math to make sure you are getting a good deal
*Cancel all subscriptions to any magazines that are a recurring payment each month
*Cancel all subscriptions that charge per month (Amazin, Ipsy, Gym, etc.)
*Look into a second job for you
*Look into a second job for your husband
*Have all checks split into checking and savings per direct deposit so that you never see the money before it hits your savings account.
*Have your savings account at a completely seperate bank so that it makes transfering money to a checking account extremely hard or extremely time consuming. This will cut down on withdrawls from savings accounts to checking accounts. (I found this extremely helpful for husbands who like to trasfer.)
*An easy way to budget is to close your debit card on your checking account. This makes buying online extremely hard, but you are still able to pay bills by keeping it open using your routing number and checking account number. You would have to buy a visa pre-paid card in order to buy something online and it's very time consuming to have to reload the card. Use cash instead for every day purchases. Figure out how much you can spend per day and don't go over that limit. Seeing tha cash you have left is a good way to stop the spending. This every day budget will make sure you don't touch your savings and you don't run out of money between checks. |
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Go Get Em!
Posts: 13503
Location: OH. IO | How much do you pay for rent on parents property and how much would your dream horse sell for in your opinion? |
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Member
Posts: 5
| IRunOnFaith - 2017-06-19 3:55 PM
sadandlost - 2017-06-19 3:31 PM I am on here under a new username because I want to stay hidden. My husband and I are trying to get into our first house together. We have been married for two years and we are now ready to buy a house. The big problem is the down payment. We want to be able to put down a good chunk. We have 3 horse. I have two and he has one. Is it worth it to sell my heart horse. He is my dream horse, dream color, dream bloodlines dream conformation, dream attitude, just all around perfect in my eyes and i just started him this last spring and he is more then o could ever ask for very talented. I bought him as a two year old and then made the heart breaking decision to sell him when I got married to help pay for the wedding. I regretted selling him up until the point I bought him back a few months later!! YES was lucky enough the people let me buy him back. From that moment on I said I would never sell him. my other horse is in a lease situation so technically he is not even in the picture. Its really important to me that my husband and I get our own house ( we are currently living in an apartment on my parents place ) i love them, but we want to get out! Do I suck it up and sell my heart horse to get into a house? Do i get another job? Find other mean to save money? sorry this was so long. Any input harsh or not would be appreciated.
Talk with a financial advisor on how to save money. You'd be surprised how much money you can save by cutting out all the "extras".
*Down size on everything.
*Shop with coupons
*Cut off the internet, turn the phones down on the internet
*Shop around for a cheaper phone plan
*refinance your vehicles for lower interest rates
*clean out your closets
*down size your boot collection
Look into a budget when talking with your financial counselor
*Look into investing money elsewhere through a broker
*A "good chunk of moeny" for a downpayment is around 10-20% of the cost of the house. ($100k house= 10k-20k downpayment.)
*Look into selling the lease horse to the Leasee
*Shop at stores like Aldi or Sams Club instead of Walmart -Buy in bulk but always do the math to make sure you are getting a good deal
*Cancel all subscriptions to any magazines that are a recurring payment each month
*Cancel all subscriptions that charge per month (Amazin, Ipsy, Gym, etc.)
*Look into a second job for you
*Look into a second job for your husband
*Have all checks split into checking and savings per direct deposit so that you never see the money before it hits your savings account.
*Have your savings account at a completely seperate bank so that it makes transfering money to a checking account extremely hard or extremely time consuming. This will cut down on withdrawls from savings accounts to checking accounts. (I found this extremely helpful for husbands who like to trasfer.)
*An easy way to budget is to close your debit card on your checking account. This makes buying online extremely hard, but you are still able to pay bills by keeping it open using your routing number and checking account number. You would have to buy a visa pre-paid card in order to buy something online and it's very time consuming to have to reload the card. Use cash instead for every day purchases. Figure out how much you can spend per day and don't go over that limit. Seeing tha cash you have left is a good way to stop the spending. This every day budget will make sure you don't touch your savings and you don't run out of money between checks.
Thank you that is all really great tips! I really appreciate you taking the time to write all that out! |
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Member
Posts: 5
| jake16 - 2017-06-19 3:56 PM
How much do you pay for rent on parents property and how much would your dream horse sell for in your opinion?
We only pay 300$ my parents are extremely generous on letting us have a place for us and the horses to stay for such a low cost. First time I sold him as a two year old for 3000$ now as a three year old that I would call him basically broke I would get him gelded ( I think he would sell better??) and ask probably 5-7000? I honestly have no idea I haven't thought that far into it because I don't want to. But I also know now I need to be realistic with my self. |
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 Elite Veteran
Posts: 929
| IRunOnFaith - 2017-06-19 1:55 PM
sadandlost - 2017-06-19 3:31 PM I am on here under a new username because I want to stay hidden. My husband and I are trying to get into our first house together. We have been married for two years and we are now ready to buy a house. The big problem is the down payment. We want to be able to put down a good chunk. We have 3 horse. I have two and he has one. Is it worth it to sell my heart horse. He is my dream horse, dream color, dream bloodlines dream conformation, dream attitude, just all around perfect in my eyes and i just started him this last spring and he is more then o could ever ask for very talented. I bought him as a two year old and then made the heart breaking decision to sell him when I got married to help pay for the wedding. I regretted selling him up until the point I bought him back a few months later!! YES was lucky enough the people let me buy him back. From that moment on I said I would never sell him. my other horse is in a lease situation so technically he is not even in the picture. Its really important to me that my husband and I get our own house ( we are currently living in an apartment on my parents place ) i love them, but we want to get out! Do I suck it up and sell my heart horse to get into a house? Do i get another job? Find other mean to save money? sorry this was so long. Any input harsh or not would be appreciated.
Talk with a financial advisor on how to save money. You'd be surprised how much money you can save by cutting out all the "extras".
*Down size on everything.
*Shop with coupons
*Cut off the internet, turn the phones down on the internet
*Shop around for a cheaper phone plan
*refinance your vehicles for lower interest rates
*clean out your closets
*down size your boot collection
Look into a budget when talking with your financial counselor
*Look into investing money elsewhere through a broker
*A "good chunk of moeny" for a downpayment is around 10-20% of the cost of the house. ($100k house= 10k-20k downpayment.)
*Look into selling the lease horse to the Leasee
*Shop at stores like Aldi or Sams Club instead of Walmart -Buy in bulk but always do the math to make sure you are getting a good deal
*Cancel all subscriptions to any magazines that are a recurring payment each month
*Cancel all subscriptions that charge per month (Amazin, Ipsy, Gym, etc.)
*Look into a second job for you
*Look into a second job for your husband
*Have all checks split into checking and savings per direct deposit so that you never see the money before it hits your savings account.
*Have your savings account at a completely seperate bank so that it makes transfering money to a checking account extremely hard or extremely time consuming. This will cut down on withdrawls from savings accounts to checking accounts. (I found this extremely helpful for husbands who like to trasfer.)
*An easy way to budget is to close your debit card on your checking account. This makes buying online extremely hard, but you are still able to pay bills by keeping it open using your routing number and checking account number. You would have to buy a visa pre-paid card in order to buy something online and it's very time consuming to have to reload the card. Use cash instead for every day purchases. Figure out how much you can spend per day and don't go over that limit. Seeing tha cash you have left is a good way to stop the spending. This every day budget will make sure you don't touch your savings and you don't run out of money between checks.
This is awesome advice for all of us who have other life goals! Thanks!!!  |
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Expert
Posts: 3815
Location: The best kept secret in TX | RodeoCowgirl4u - 2017-06-19 4:39 PM IRunOnFaith - 2017-06-19 1:55 PM sadandlost - 2017-06-19 3:31 PM I am on here under a new username because I want to stay hidden. My husband and I are trying to get into our first house together. We have been married for two years and we are now ready to buy a house. The big problem is the down payment. We want to be able to put down a good chunk. We have 3 horse. I have two and he has one. Is it worth it to sell my heart horse. He is my dream horse, dream color, dream bloodlines dream conformation, dream attitude, just all around perfect in my eyes and i just started him this last spring and he is more then o could ever ask for very talented. I bought him as a two year old and then made the heart breaking decision to sell him when I got married to help pay for the wedding. I regretted selling him up until the point I bought him back a few months later!! YES was lucky enough the people let me buy him back. From that moment on I said I would never sell him. my other horse is in a lease situation so technically he is not even in the picture. Its really important to me that my husband and I get our own house ( we are currently living in an apartment on my parents place ) i love them, but we want to get out! Do I suck it up and sell my heart horse to get into a house? Do i get another job? Find other mean to save money? sorry this was so long. Any input harsh or not would be appreciated.
Talk with a financial advisor on how to save money. You'd be surprised how much money you can save by cutting out all the "extras".
*Down size on everything.
*Shop with coupons
*Cut off the internet, turn the phones down on the internet
*Shop around for a cheaper phone plan
*refinance your vehicles for lower interest rates
*clean out your closets
*down size your boot collection
Look into a budget when talking with your financial counselor
*Look into investing money elsewhere through a broker
*A "good chunk of moeny" for a downpayment is around 10-20% of the cost of the house. ($100k house= 10k-20k downpayment.)
*Look into selling the lease horse to the Leasee
*Shop at stores like Aldi or Sams Club instead of Walmart -Buy in bulk but always do the math to make sure you are getting a good deal
*Cancel all subscriptions to any magazines that are a recurring payment each month
*Cancel all subscriptions that charge per month (Amazin, Ipsy, Gym, etc.)
*Look into a second job for you
*Look into a second job for your husband
*Have all checks split into checking and savings per direct deposit so that you never see the money before it hits your savings account.
*Have your savings account at a completely seperate bank so that it makes transfering money to a checking account extremely hard or extremely time consuming. This will cut down on withdrawls from savings accounts to checking accounts. (I found this extremely helpful for husbands who like to trasfer.)
*An easy way to budget is to close your debit card on your checking account. This makes buying online extremely hard, but you are still able to pay bills by keeping it open using your routing number and checking account number. You would have to buy a visa pre-paid card in order to buy something online and it's very time consuming to have to reload the card. Use cash instead for every day purchases. Figure out how much you can spend per day and don't go over that limit. Seeing tha cash you have left is a good way to stop the spending. This every day budget will make sure you don't touch your savings and you don't run out of money between checks. This is awesome advice for all of us who have other life goals! Thanks!!!
No problem. |
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 Expert
Posts: 1304
| Agreed! I try and do a lot of this already but I'm copying and savin that baby |
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 Peat and Repeat
Posts: 2773
Location: IN MY OWN LITTLE WORLD AT LEAST THEY KNOW ME HERE | Don't know if y'all qualify?
First time home buyers loans.
FHA loans etc
Good advice on here. |
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 Just a Yankee
Posts: 1239
Location: Some where I haven't left yet | Dear "Sadandlost"
STOP IT. Ok, I'm better now. I get what your saying. I do. Cross my heart promise. Stop it, stop that, stop it, stop. (ok insert my sarcastic, maybe I'm not better now) 
There are quite a few "great" ideas that have been posted, by super smart BB's. I can't say I'm "super smart" but my "life experience" puts me on the other side. Marriage is a compromise, a chore, and frankly I miss my Husband more than I can express even though I'm still pretty angry with him for "leaving". (and by that I mean he's 6 foot under) I sold my fair share of horses to "pay the bills" or a major purchase (car, trailer etc) ... guess what - MORE bills came up. So Stop it, get it out of your head. So I'm left with a mountain of debt, no less than 1 million shattered dreams, my stress level passed catastrophe a couple of years ago, my confidence level is at an all time low, and I'm trying like crazy to enjoy life. I have a finished horse that I have ridden twice in the last two years, his crabby mare, and a yearling. I want so bad to have a horse that I LIKE to ride. 
(BTW I can't even look at the thread about selling the wedding ring because I might just loose any shred of civility that I might have left)
Edited by Lucylouwon 2017-06-19 5:22 PM
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Meanest Teacher!!!
Posts: 8555
Location: sunny california | There is no way I would sell my dream horse for $5000. now consider this and I don't mean to belittle you, but if you can not save money for a down payment when only being charged $300 rent; then maybe... you can not afford a house or maybe you are not financially responsible enough for a house and all the unexpected things that come up with ownership.
my son wanted to buy a new car. I told him to save that monthly payment for a year to put down. you would have to pay it anyway!!! |
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Shelter Dog Lover
Posts: 10277
| Lots of great advice. My only add is too add up what your house payment would be, insurance, utilities etc. and save that every month. If you can't do that with the low cost of living you have now you might rethink your financial situation.
Edited by rodeomom3 2017-06-22 9:55 AM
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 Elite Veteran
Posts: 670
Location: Running my kids somewhere. | I would not sell him! I did just that. I found my soul mate and then sold her as I moved to the other side of the country. I was lucky enough to be able to buy her back.
Bought her the first time at 3 yr old and cancer took her at 29 yr old. She was so worth every part. |
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Member
Posts: 5
| Yakima - 2017-06-19 5:16 PM
Don't know if y'all qualify?
First time home buyers loans.
FHA loans etc
Good advice on here.
That's actually the road we are going down is the FHA Loan |
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Member
Posts: 5
| kwanatha - 2017-06-19 5:30 PM
There is no way I would sell my dream horse for $5000. now consider this and I don't mean to belittle you, but if you can not save money for a down payment when only being charged $300 rent; then maybe... you can not afford a house or maybe you are not financially responsible enough for a house and all the unexpected things that come up with ownership.
my son wanted to buy a new car. I told him to save that monthly payment for a year to put down. you would have to pay it anyway!!!
We were paying 950$ for rent. We montage lender that is our price range and he said that we will easily had something in that price range. My parents are doing us a favor and not charging us full rent so we can put that part of rent that we no longer have to pay towards money for the cost of closing on the house. I do not think you are belittling me at all. we are a young newly wed couple. So I am all open ears on any advice. Thank you for your input I really appreciate it!! <3 |
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 Scooters Savior
Location: "Si Fi" Ville | There are tons of other things you can do to make extra money and cutting back is the first. Credit card debt if any is first to be eliminated, cut directv or any Subscription, Netflix is like 7.99. It will improve your health and marriage as well since you will get out and start doing things together. If you have a 401K sometimes you can take a loan from it and use for home purchase. Check your auto insurance and talk to your provider, see if you can change deductible or drop to liability coverage if vehicle is paid for and its value has depleted to an amount it would not make sense to have full coverage. If you have any broken precious metal jewelry it doesn't take a lot to add up. You can google spot price for precious metal. Try to get 85 percent of value. Have a garage sale. Put all unused tack on a site and sell it. You sound like a knowledgeable horse person, why not take a horse to ride for someone? It pays respectable $$$. I would halt all eating out, shopping and other things and sock that money back. Budget meals. Ask mom and dads if any friends have any projects looking for help, that you or husband can do. Set daily goals together. I would cut down to one horse each. Limit my gas expenses. I would not buy anything unless it was a necessary |
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 Elite Veteran
Posts: 889
Location: on the fine line between insanity and geniusness | I completely get it. Life forced me to sell my dream pony several years ago. I will tell you this however, she only sold because she brought a catastrophic amount of money (6 figures kinda money). I did what I had to at the time to get my life started.. BUT I regretted it every single day. It has taken me 4 years since she sold to make horses that I love to run again, and they ARE NOT for sale. Find ways to cut back. Save everything you can and keep your horse. The universe gave him back to you once- that's enough of a sign for me. |
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 Off the Wall Wacky
Posts: 2981
Location: Louisiana | sadandlost - 2017-06-19 4:21 PM
jake16 - 2017-06-19 3:56 PM
How much do you pay for rent on parents property and how much would your dream horse sell for in your opinion?
We only pay 300$ my parents are extremely generous on letting us have a place for us and the horses to stay for such a low cost. First time I sold him as a two year old for 3000$ now as a three year old that I would call him basically broke I would get him gelded ( I think he would sell better?? ) and ask probably 5-7000? I honestly have no idea I haven't thought that far into it because I don't want to. But I also know now I need to be realistic with my self.
To me $5000 is not a life changing amount of $$$ so I'd say no. We have a lot of horses. Of course hubby and I each have our favorites.
There are a few that we both agree would need to be a life changing amount of money to go. |
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