(Closed) Just curious…anyone's FI finance the e-ring?

posted 5 years ago in Rings
  • poll: Did your FI finance your engagement ring?
    Yes : (118 votes)
    37 %
    No : (202 votes)
    63 %
  • Post # 3
    758 posts
    Busy bee
    • Wedding: October 2014 - Our Backyard/Steakhouse

    nope, we bought ours off a classified site.  We met the guy at the jeweller, he gave us the appraisal, and had the original bill of sale.  

    The appraisal was for $9k
    We bought it for $1800


    Post # 5
    530 posts
    Busy bee

    Depending on the situation, financing the ring could make a lot of sense (I think your situation is an example).  As long as you can pay it off within the interest free period, time value of money says you should finance a large purchase.

    Post # 6
    104 posts
    Blushing bee
    • Wedding: November 2014

    Yep.  Fiance paid for my ering half in cash and the other half he financed (12 months interest-free).  He’ll have it paid off early in just a few months.  He’ll be happy to have it paid off and he’s happy I love my ering. 🙂


    Post # 7
    1282 posts
    Bumble bee
    • Wedding: October 2017 - Baton Rouge, LA

    @weddingbee098:  my Fiance financed mine with 0% interest as well. It hasn’t been an issue for us. I dont mind, and it was totally his idea, so he doesnt either lol

    Post # 8
    14658 posts
    Honey Beekeeper
    • Wedding: June 2011

    I’d finance anything that was interest free.  Why hand over the cash when I can keep it invested and continue to work for me.  I’ve opened 2 credit cards before for 0% interest for 18 months and racked that up until the a month before the due to pay it off.  We financed our new car for 0% for 5 years.  Credit doesnt always mean we couldn’t pay stuff off in cash, it was a strategic financial move.  If he could have financed the ring, I’m sure he would have too.

    Post # 10
    2945 posts
    Sugar bee
    • Wedding: May 2014

    My Fiance did the 0% interest route as well.  He spends every extra cent on paying down his student loans.  We both knew he wouldn’t save extra cash because the moment he saw it building, he would put it towards a student loan. 

    If it doesn’t cost extra to do it, I don’t mind financing things. 

    Post # 11
    3210 posts
    Sugar bee
    • Wedding: April 2015

    @pinkshoes:  agreed.

    There’s a lot of Dave Ramsay-esque fear of debt on the Bee, but financing things, especially essentials, may actually work in your favour. We didn’t finance my ring because there was no 0% interest option, but we did put it on a credit card for points (and promptly paid it off). 

    Post # 12
    2610 posts
    Sugar bee
    • Wedding: May 2014 - Madison, WI

    Yes, because they had 0% interest and he has no problem with paying it off in that time frame. It just made sense at the time since Fiance had a lot of other expenses suddenly come up – like moving for a new job.

    Post # 14
    12247 posts
    Sugar Beekeeper
    • Wedding: May 2013

    My Darling Husband hates going below a certain amount of cash in his savings, so he financed half of my ring (0% interest), and paid it off in about 8 months. He did have greater than the full amount of my ring in savings when he bought it, though!

    Post # 15
    937 posts
    Busy bee
    • Wedding: February 2014

    Why is nobody EVER comfortable just answering “Yes, we financed.”

    Everyone has to get into the interest free stuff as if they’re terrified another bee will think they paid interest.  Are people on the bee so into shaming others about how they spend their money that everyone has to make it perfectly clear that they didn’t pay a dime of interest?

    People are really weird about money.


    Post # 16
    920 posts
    Busy bee
    • Wedding: April 2014

    Fiance financed my ring. It definitely wasn’t at 0%, but he didn’t have any credit so he is trying to build it. A little interest now to build credit is not a bad thing.

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