Give charity whenever possible.

This hadith teaches us that giving charity is an important part of our faith, however it is not obligatory to give charity on a horse or a slave. The Prophet Muhammad ﷺ taught us that the only time when sadaqah should be given on horses and slaves is at the end of Ramadan when breaking the fast. This hadith encourages us to be generous with our wealth and help those in need, but also reminds us that we should not overburden ourselves with unnecessary obligations.