Post # 1
wondering how your hubby or fiancé went about in terms of finances for the ring. Did he pay for it in cash? Did he finance it and paid monthly for it?
my bf is in zero credit debt and he is the type to spend only what he can afford right off the bat, with the exception of an auto loan and a mortgage. He’s been saving for my e-ring, which is the only reason why we have been together for 5years and he has not proposed yet, but it seems like he will be proposing soon as he has taken me to get my finger sized and he Has shown me some of the settings he has been looking at. I’m curious how the ring finances worked for you all.
Post # 3
unveiledsavings: thanks! I’m semi-involved as he has asked for my input from the settings he has looked at. Curious about those perks!
Post # 4
Those perks are probably a scam.
The way my husband (we have been married for 15 years) was able to afford my ring is kind of unusual. He came in to some money, and used some of it to buy himself his first car, and my wedding set. We both came from poor backgrounds, and put ourselves through college. Otherwise, I’m not sure what we would have done. We would have probably gone without it completely since neither of us had any extra money at all at this point in time.
Post # 5
We (I co-signed) on a store credit card 🙂 12 months no interest- of course the amount they say you owe is low but we calculated the amount needed to pay it off within those 12 months to avoid the ridiculous interest fees. Gave him the opportunity to get the ring of my dreams and build his credit in the meantime (yes, I make sure it is paid every single month, without a question). Win-win.
Post # 6
Our budget for my ring was money we had spare at the time. Your So sounds very practical and should just continue saving.
I don’t believe couples should wait to be engaged or married based off paying for a ring.
Mine cost 200 pounds as I didn’t want to wait, I adore my ring, but things are a Lil different over in the UK.
Just keep saving, if you want to save or get engaged if you want, you don’t need to wait on a ring 🙂
Post # 7
starrynight898: ours was a bit different. We knew we were working towards an engagement at some point in the future and had a pot for years that we would pop any £2 coins we got (they’re relatively rare so ot doesn’t mean putting loads of money in regularly buy common enough that the amount increased). At some point my husband decided that I had contributed enough and he hid the pot so that only he could add money to it. Then when he decided we were ready he spent the money on an ering and surprised me with a proposal. He was lucky that the ring he saw and loved happened to be £20 less than the amount he’d saved.
Post # 8
starrynight898: My fiancé saved for ages and looked at rings for over 6 months to try and find the perfect one. He believed that saving was a part of showing his commitment to me, showed that he made the effort to save the money over siginificant amount of time.
Post # 9
We happened to have the amount we wanted to spend in cash between us at the time. We ended spending up MUCH less and using the rest to start the wedding fund 🙂
Fiance was hesitant about my involvement at the time, including financial involvement but I broke it down like this: there is no reason for you to put anything on credit, even at 0%, if we have the cash between us and it’s all going to be joint money soon anyway.
We ended up joining out accounts to save for the wedding anyway 🙂
Post # 10
Sounds like your guy is smart and with a plan 🙂
i voted ‘other’ as he paid cash but he didn’t save for it specifically, he used some investments he already had.
Post # 11
Sounds strange, but his dad paid for it!
Essentially his dad had allotted £10,000 to each of his three children. My Fiance had used half already towards a car and then had the rest to call upon when required. He had borrowed some money off his dad previously so he used some of the rest to ‘pay’ that back and then bought my engagement ring with the rest.
Post # 12
My Darling Husband paid upfront in cash. He had been saving, but he’s just a good saver so he didn’t need to save specifically for my ring. We picked a ring I loved in our budget and he bought it on the spot. I know a lot of people pay in cash so I’m not sure why the jeweler was so surprised? we didn’t want to have debt because of a ring. Just our preference
Post # 13
So my hubby paid the deposit on the ring and had it on Layaway. He paid it off in three months and didn’t have to take out any credit.
Post # 14
“Other” for me.
He will be paying cash for it, but isn’t saving. He earns reasonably well and it won’t be an expensive ring. It amounts to about a week and a half of his earnings.
Post # 15
starrynight898: My hubby put in a lot of overtime at work and paid cash for my e-ring.
Post # 16
starrynight898: My Darling Husband started saving his money as soon as he got a Grown up job. He is a mechanical engineer so he has put some money aside. We dated for 8 years before he proposed. It didn’t take him that long to save but he waited until we were both settled in our current jobs. He got laid off from his first job in 2008 and was out of work for almost a year. I had not idea he was planning on proposing and I had no idea he already had the ring.