Post # 1
I need to make a decision really soon. Too many fianancial things going on and I feel like something needs to happen.
Here’s the situation.
We bought 2 wedding bands a few months ago. I was going to make these two bands into an enhancer for my ering to sit inside of. I found the bands online and they are really nice bands. No complaints about them at all. We paid for these in full. The pic I included of the bands is from the bands that Jared had, but I found the same exact ones online for 1/2 the price.
Then I found a enhancer band that fit my ering perfectly because of the black diamonds. Yet we had to put the enhancer on credit and only have paid a little of that off.
Would you return the enhancer with the black diamonds so we don’t have yet another bill to pay off?
Or would you keep the enhancer with the black diamonds and use it as your wedding band.
We don’t know what to do with the two seperate bands because everywhere I’ve taken them to be sold won’t give me hardly anything for them.
Just so all of you have the full picture… Fiance does not want me to return the black diamond enhancer band. He feels it is something that I love and will have forever.
Yet now I feel a sense of negativity towards the black diamond enhancer because of our fianancial situation. I don’t want to have negative thoughts about anything regarding us or our wedding. Can I get over this?
Here are pics to help make the decision
Post # 3
Your original set looks lovely, but I really love the way it looks with the enhancer! Have you guys considered maybe saving it for an anniversary upgrade?
Post # 4
I would return it and save for it in cash. The amount you’ll wind up paying for it will be too much. Plus, your resentment toward it is another indication that you two shouldn’t have it on credit. You could save up for it and get it as a future anniversary gift.
Post # 5
Through years of experience, I’ve realized that my e-ring and wedding band are totally worth spending more $ on to get what you think is perfect. You won’t be paying it off forever, but you’ll be wearing it forever. And if you settle for something that’s more budget friendly, especially after finding your dream jewelry, you’ll probably end up regretting it more than you would have regretted spending the extra $ to get what you loved.
I wasted so much time and money trying to settle for something more budget friendly and in the end I ended up spending twice as much as I would have if I had just gotten my dream rings to begin with. I can’t sell back my old settings since they’re basically worthless but I had to pay retail prices every time I upgraded.
Post # 6
@Aennie: I’ve considered this and proposed it to Fiance but he said no anyways.
I’m going to broach the subject again tonight and see what comes of it. I will tell him if we are better set financially to pay for it in cash in a year for our anniversary then we can do it.
Post # 7
@bunnyharriet: I think you’re right, this is what I feel is best to do but I can’t get Fiance on board.
Post # 8
@moderndaisy: and now I read your reply and I agree with you too. What to do…
This is so hard. I love the black diamond enhancer, but my ering still looks great with the two bands once I get them made into a enhancer.
Post # 9
@kazarmo: Why not ask Schubach or Brilliance.com what it would cost to replicate that enhancer with black and white sapphires? I think tiny white sapphires look indistinguishable from diamonds. I think black sapphires of any size look identical to black diamonds.
Here is my black and white sapphire set. It’s not my actual set. I got it to see if I liked the center stone size.
Do you mind sharing what the enhancer costs and what it costs after paying the interest on the credit card?
Post # 10
@bunnyharriet: These are good ideas, I never thought about trying to get them replicated.
I did talk to Fiance again and he told me I need to drop it and we are keeping the black diamond enhancer.
The total with tax, insurance and the band it was 1398 I believe. With interest I think it will end up costing about 1800 by the time it’s paid off. I’m not sure what the interest rate is as it’s under FI’s name.
I’m going to look into your options that you gave. Thanks so much.
Post # 11
I think paying interest on something that has no function and really, only loses value is not a good idea. I would return it and save up, then buy it without using credit, if you must have the enhancer instead of the bands you’ve already bought.
Post # 12
@kazarmo: I loooooove the black diamond enhancer. It sounds like your Fiance feels strongly about this. I understand financial struggles and not wanting to have the extra debt burden, however I also agree that this something you’re going to wear for years and years and years to come and I think you should love it. The debt will be paid off eventually and you’ll have the ring forever. I don’t know how rough your financial situation is so I can’t really say what you should do, but if it were me, I’d keep the enhancer. It looks gorgeous.
Post # 13
@crayfish: I suggested this to Fiance and he still said no. He said that even in a year or two we will not be out of our fianancial rut and that we would not be able to pay cash for anything.
We are currently doing the Dave Ramsy debt plan because our debt has gotten a little out of control. We don’t spend frivously (well except for wedding bands) but our household expenses have gone way up because we are now a family of 7. (His, Mine and 2 of ours.)
I may even have to work full time now instead of part time when I go back to work from maternity leave –in June.
No more kids here though.
Post # 14
@jny1179: Well considering how strongly Fiance feels about it and now when I bring it up he is getting angry with me (slightly) telling me to drop it and that we are not taking it back.
So I think this might have to be the road we take unless I can do what another poster suggested and have it made with simulated jewels instead.
Post # 15
@kazarmo: Let us know what you chose to do.
If the credit card is at 18% interest, with a $1,400 balance, and you pay $35 a month, the total interest paid would be $1,523. That’s JUST the interest. At 18% interest, paying $100 a month, you’d only pay $184 in interest. Your SO needs to take a realistic look to see if this enhancer is worth the initial cost, the interest and the financial strain it may cause.
Here’s a credit card calculator. He can plug in the balance of the card, the monthly payment he’ll be making, and calculate the interest.
He really does need to consider other options. You could certainly have that enhancer made for much less than what you’re paying for it using white and black sapphires. Why not email Schubach and Brilliance.com and get an estimate? Whatever they quote you at, tell them, “That sounds good, but my budget is xyz. Can you make it for that?” Let’s say they say $500. You could ask them to do it for $425. Whatever they quote you at, ask if they’ll do it for 15% less. Send those emails and get back to us. I’d love to hear what they quote you at.
Post # 16
@bunnyharriet: I’m actually talking to a live rep right now with brilliance.com to see about pricing with fake stones.
Fiance said he was wanted to take my aflac check (my short term disability while i’m on maternity leave) and pay that towards the ring, it would leave about 400 or so left to pay I think.
Then he says he wants to sell the other 2 bands (one place said 250, another place said 200 –total) and put that towards the enhancer.
So in the end it will leave about a 200 balance I think.
We do have a ton of other bills to pay with that aflac check though…Fiance says he doesn’t care about the other bills, he knows I love the enhancer and wants me to have it.
A great guy but still.
He is very fiancially sound when it comes to interests and numbers. You should see the spreadsheets he’s developed as we’ve started to pay off our debt.
But our minivan needs work (FI says thats what our emergency fund is for) but it’s a very small fund at that.