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I believe the easiest way to buy something for a mount or hireling out of the PC's funds is to....
1. Buy the item for the PC
2. Switch to the mount or hireling
3. Using the Dashboard on the right, click on the "bag" icon for the PC
4. Fetch the item from the PC onto the mount/hireling
This makes the purchase through the PC and transfers the item to the mount/hireling for use.
What I do is I go to the tab for my mount and select the armor I want. I write the price down and select "buy for free." I then go to the main character tab and I subtract the price I wrote down.