(Closed) Spin off: Would your E-ring mean less if it were financed?

posted 10 years ago in Rings
  • poll: Would your Engagement ring mean les if you SO didn't pay in full?
    Yes, it would mean less if it was financed. : (12 votes)
    10 %
    Nope, I don't mind at all. : (95 votes)
    77 %
    Other. I will explain... : (17 votes)
    14 %
  • Post # 10
    115 posts
    Blushing bee
    • Wedding: April 2013

    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 # 12
    1486 posts
    Bumble bee
    • Wedding: March 2012

    View original reply
    @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
    4753 posts
    Honey bee
    • Wedding: May 2012

    My response of WTF should answer the question at hand.

    Post # 14
    1805 posts
    Buzzing bee

    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
    1144 posts
    Bumble bee
    • Wedding: April 2012

    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
    2104 posts
    Buzzing bee
    • Wedding: July 2011

    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.

    Post # 17
    6659 posts
    Bee Keeper
    • Wedding: May 2010

    Absolutely not! I understand going into some debt over an e-ring is not ideal, but IMO it’s totally normal because not many guys have a pile of cash sitting around waiting to be spent on the ‘perfect’ e-ring that their SO will wear forever. I think as long as he bought the ring he wanted to buy based on his expectations and income then it doesn’t matter if it was financed or not.

    Post # 18
    949 posts
    Busy bee
    • Wedding: August 2012

    I say other. I guess I wouldn’t be upset if it had been financed, but I would have been upset if he had thought he had to buy something he couldn’t afford outright. The ring I wanted was way less expensive than he had been planning on (mostly because I didn’t want a diamond and we went with moissanite), but still more expensive than I felt was necessary. So I would have only been upset if he had financed because it would have meant we didn’t communicate well about the ring!

    Post # 19
    1721 posts
    Bumble bee
    • Wedding: June 2012

    Nope!  Because, guess what, mine was.  I don’t think that makes the person who buys it any less worthy of buying it.  We don’t live together and/or share bills.  We are having a long 18 month engagement and it will be paid off before we get married with no interest accrued.  He made a large deposit on it at first and adds it every time he gets extra (tax returns, etc.).  I think maybe it’s not a good idea if you’re already living together and it would cause more strain as far as debt and monthly payments.  But in my case, it was the best option for my Fiance.  He has a steady job and was working to pay off his credit card debt from college (gone this month!)  but we wanted to get engaged early enough so I could have time to plan for a while.

    Post # 20
    2190 posts
    Buzzing bee
    • Wedding: November 2011

    View original reply
    @floridabride12: That’s the same way ours works. He pays it without fail on time each month like he does with all of his bills that aren’t household that he pays on his own. It’s not out of our means either. Maybe we aren’t the norm, idk….

    Post # 21
    1546 posts
    Bumble bee
    • Wedding: September 2012

    Normally I would say it does not matter. BUT in my case I think it does. We had been together 5 years, if not more (I don’t keep track of that sort of thing). So, I would hope in that period of time he would put some money aside so he wouldn’t have to finance my ering, which he did. Anyway, I’m just saying it matters in my case since I know his financial situation (he could easily put $ aside), if we hadn’t been together as long or if his circumstances were different my answer would be different too 🙂

    Post # 22
    4108 posts
    Honey bee
    • Wedding: December 2011

    No. But it’s not.

    Post # 23
    7298 posts
    Busy Beekeeper
    • Wedding: September 2012

    It wouldn’t mean less to me, but I’d be pissed at an extra bill every month that could be going towards the wedding. lol What if you hit hard times and you can’t pay it every month? Do they send out repo men to get your ring?

    Post # 24
    13094 posts
    Honey Beekeeper
    • Wedding: July 2010

    The ring itself and the sentiment behind it wouldn’t mean less I guess (can you tell I’m on the fence here??).

    But I would have been very unhappy with DH if he had financed my ring.  I find it silly to go into debt for a piece of jewelery (plus, you end up paying even more for it because of the interest).  I wouldn’t want to have started our engagement with what I view as a fiscally irresponsible decision.

    ETA: My one exception to this would be some kind of 6-months interest free thing.  And only if the entire ring was paid for in full before a penny’s worth of interest was accrued.

    The topic ‘Spin off: Would your E-ring mean less if it were financed?’ is closed to new replies.

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