Post # 1
From this post.
Would your ring mean less to you if it were financed and your SO didn’t spend months and months of saving for it? I can see both sides where it would and wouldn’t. In my opinion, it would mean just the same. I would know (and me and SO have talked about this) that it meant just as much in paying in full. We both want to get engaged sooner that the time it would take to save up. Some bee’s said they wouldn’t finance because they didn’t want to go into debt. Also IMO, as long as you keep up monthly payment, you wouldn’t go into debt obviously.
So…what is your opinion?
Post # 3
It wouldn’t mean less to me, but I would be upset if he financed it. Let’s not start our relationship with debt ya know? Keeping up with a payment doesn’t mean you don’t have debt. It’s still debt. It’s just debt your paying for, which you should do with any debt so you don’t destroy your credit.
My mother was a jewler before she retired. She said about 40% of people charged engagement rings. She also commented that the one’s with the least amount of money always charged the more expensive rings. That scares me.
Post # 4
I voted “No”. I know mine was put on a credit card and it doesn’t bother me one bit. A) We’ll get miles for it! and B) I’d rather know that he wanted to marry me now and make me happy (since he knew I was *seriously* ready after 2 years of dating!) rather than wait longer. Either way, he’s saving up a little at a time – then it 1) goes to savings and you get your ring later or 2) you’ve got your ring already and it goes to the payments.
Post # 5
It wouldn’t mean less to me, but at the same time I would not want him to feel like he HAD to spend a ton of money just to make me happy. I would (and I actually mean this) have been happy with a twist tie.
Post # 6
The ring wouldn’t mean less, per se, but I would not be happy if my FI had to finance it. I think it’s important to be financially responsible and to live within one’s means.
Post # 7
I would not like a financed ring, not because of the fact that he hadnt saved up for it, but because I dont understand going into debt for a ring. It just doesnt seem worth it to me.
Post # 8
Never did I think it was “less than” because he financed it. That’s an odd view point on it to be honest. He uses that card for other jewelery that he has gotten me. That monthly payment is just like any other bill we have that is reoccuring each month. Not a big deal to me. I don’t get the issue I guess.
Post # 9
- Wedding: September 2011 - Clark Gardens
Mine was more of a lawaway type situation and was an agreement he made with the jeweler. The fact that he honored his committment to pay on it monthly without any kind of contract or threat that it would hurt his credit if he didn’t pay made me proud of him.
Post # 10
It’s not that it would mean less, just that I might feel a bit guilty wearing a ring that he couldn’t comfortably afford. He’s already in debt from student loans and I wouldn’t want to burden him with any more. There are also wedding expenses to think of, and we hope to buy a house within the next 2 years. If I were wearing a huge expensive ring I woudn’t be able to stop myself from thinking about what else those payments could have gone toward.
Post # 11
I would have been upset if he had bought it on credit, as he’s never bought anything on long term credit before, and I wouldn’t want him to start now since it’s basically against his religion.
BUT… that being said, it wouldn’t have meant less to me.
Post # 12
@Crisark: I agree with you. Mine was financed, like we’ve done for every other jewelry we’ve ever purchased. The card we have with the store gives us 12 months to pay off with no interest, so I think I’m missing some of the issue too.
Post # 13
My response of WTF should answer the question at hand.
Post # 14
I wouldn’t have been thrilled with the idea, because I’m anti-debt. I would probably have wished he would have just waited. I see it as, if he couldn’t afford the ring then…then we probably couldn’t have afforded the wedding then either. If that makes sense? Luckily, he didn’t finance.
ETA: This is OUR situation. I’m not saying it’s right for everyone. I’m also not saying that financing a ring is bad. It just wouldn’t have worked for us.
Post # 15
No. It wouldn’t mean any less to me. I would be upset that he financed it though. It would just be another bill for us to pay. We usually pay cash for all of our purchases. The only exception was our condo and our cars. Everything else cash, including this wedding which is breaking the bank. lol
Post # 16
It wouldn’t mean less, but I wouldn’t have been happy about more debt. We really don’t have that much, but no reason to add more.