(Closed) Could YOU afford an engagement ring?

posted 9 years ago in Waiting
  • poll: Could YOU afford your engagement ring?

    Yes, I could buy mine today if given the chance

    Yes, but I would have to finance

    No, but it wouldn't take long to save

    No, I am no where near being able to afford an e-ring

  • Post # 3
    248 posts
    Helper bee

    I currently couldn’t go out tomorrow and buy the ring I want (around $5k), but I could save that amount in about a month. If I was the guy though, I would go out and throw the cost of the ring on a credit card and pay it off before the interest charges hit.

    About two weeks ago, I had that amount in wedding savings so I would have been able to afford the ring, but I pulled the savings and spent all the money! (I became fully committed to my Total Money Makeover to get out of debt so I pulled the $5k and put it all towards cutting down the amount I owe on my car.) 

    Post # 4
    2701 posts
    Sugar bee
    • Wedding: November 2011

    If I wanted to buy my own ring (just as an example), I would have to save for about 9 months. Being that proposals are planned way in advance, then I guess yes, I could afford one. But I would have to make other sacrifices

    Post # 5
    661 posts
    Busy bee
    • Wedding: April 2012

    I actually bought my ring, so yes, I could afford my ring.  🙂 

    Post # 6
    482 posts
    Helper bee
    • Wedding: October 2012

    i posted in the other thread but i will re-post here.

    technically, i could buy it outright but that would be a dumb financial move. the reason why i have the amount he needs for the ring is because we sold my car a few years ago when i got a new one and i dumped the entire sum into a savings account so it’s been sitting there for 2.5 years. i also have a decent tax return coming (while he owes). i wouldn’t say i am a better saver but when it comes to spending money wisely i am definitely better in that department. i mean, if he is going to go out and buy a gift for someone, he will just buy it at whatever cost he finds it. usually i can then go and find the same thing for half off or so somewhere else. i actually am helping my bf pay for the ring, so right now i am waiting for him to match half of what i have. then we are good to go 🙂

    Post # 7
    475 posts
    Helper bee
    • Wedding: September 2011

    I voted yes, because prior to paying for wedding stuff, I certainly could have. However because of deposits for the wedding, today I couldn’t. I’m a pretty good saver though!

    Post # 8
    1096 posts
    Bumble bee
    • Wedding: June 2011

    We could afford it but Jared offered us one year interest free financing sooooooooo we did that. Next month is the last payment. They offered it to us again for our wedding bands so we’ll be doing that too, especially with all the extra costs for the wedding it’ll really help us out.

    Post # 9
    870 posts
    Busy bee
    • Wedding: September 2012

    Yup. I could pay for my ring today without saving (and I dont carry any debt either, which I agree should be paid for first). BUT my guy could also go out and purchase my ring today if he wished. *sigh*

    Post # 10
    600 posts
    Busy bee
    • Wedding: October 2006

    I could, but only because the ring I want is under $300.  I definitely would want to wait though until I had a job lined up after grad school, so I can totally see why guys want to wait for the money.

    Curse you for putting the shoe on the other foot!  Haha just kidding.  I think this is a really cool post. 🙂

    Post # 11
    301 posts
    Helper bee

    View original reply
    @Taylor4:  mine could too! it makes the wait harder knowing that he COULD get it today if he wanted to! it makes a girl wonder what the heck he’s waiting for! if he didn’t have the money at least that would be a tangeable reason i could grasp!

    Post # 12
    1488 posts
    Bumble bee
    • Wedding: March 2012

    I could if I was able to finance it. When my Fi bought the ring he opened a credit card with the jeweler and they offered 1 year no interest if paid in full. He was able to pay it off in about 6 months, but had the choice to take longer without interest if he needed too.

    Post # 13
    27 posts
    • Wedding: August 2012

    My mom helped us get my ring. My fiance had just finished school and had no money saved, so she helped us finance it and he will take over the payments this month.

    Post # 14
    274 posts
    Helper bee
    • Wedding: October 2011

    I can afford what he paid for it in cash.  i could not afford the assessed value. 

    Post # 15
    11324 posts
    Sugar Beekeeper
    • Wedding: February 2011

    I’m not waiting, but when I was… yes I could have gone out and bought the exact ring that my husband bought for me. 

    Post # 16
    6659 posts
    Bee Keeper
    • Wedding: May 2010

    Yes I could have bought my ring. AT the time I could have paid cash for most of it and put the rest on credit, but paid it off before the interest hit. Now I could buy it several times with cash (since I’ve been hoarding money to buy an apartment).

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