Post # 1
From this post.
Would your ring mean less to you if it were financed and your SO didn’t spend months and months of saving for it? I can see both sides where it would and wouldn’t. In my opinion, it would mean just the same. I would know (and me and SO have talked about this) that it meant just as much in paying in full. We both want to get engaged sooner that the time it would take to save up. Some bee’s said they wouldn’t finance because they didn’t want to go into debt. Also IMO, as long as you keep up monthly payment, you wouldn’t go into debt obviously.
So…what is your opinion?
Post # 10
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
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
My response of WTF should answer the question at hand.
Post # 14
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
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
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
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
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
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
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
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 # 23
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
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.