(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.

    Nope, I don't mind at all.

    Other. I will explain...

  • Post # 40
    Member
    541 posts
    Busy bee
    • Wedding: September 2011

    It wouldn’t mean less, but I wouldn’t have wanted him to finance it and would be upset. We don’t finance anything unless it’s a necessity, like the house or a car, or schooling and while I love my ring and what it symbolizes, it has never been something that I’ve seen as a necessity.

    Post # 41
    Member
    10282 posts
    Sugar Beekeeper
    • Wedding: October 2011

    It definitely wouldn’t mean less. Pretty much everyone I know who’s gotten engaged in the last few years have financed rings. It doesn’t mean they’re any less special than my paid off ring, it just means that their FI/DH is reminded of how much that sucker cost every month when he pays the bill. 

    Post # 42
    Member
    38 posts
    Newbee
    • Wedding: July 2012

    I know mine was financed, because my Fiance got a deal with 0% interest for 6 months, and it was paid off beforehand.  He’s a substitute teacher / unemployed with student loans to pay off as well, and Fiance didn’t have the monetary ability to save up and pay it off, but he knew he could if there was a time limit.  He did, and it’s shining on my finger right now, fresh from a cleaning.

    I don’t think it means any less, because I know FI’s money situation, and the fact that he was able to acquire such a beautiful ring in the first place is awe-inspiring to me!

    Post # 43
    Member
    1497 posts
    Bumble bee
    • Wedding: June 2012

    It wouldn’t mean less to me, but I’d be pretty mad and upset and feel a little weird about wearing it if I knew he went into debt for it. Then again we are very much both buy-only-what-you-can-afford-when-you-buy-it people, aside from our college educations, so financing something like an engagement ring wouldn’t sit well with either of us.

    Post # 44
    Member
    15453 posts
    Honey Beekeeper
    • Wedding: June 2011

    I voted other. Nothing would make it mean less, but I also wouldn’t be happy about it if he had no money to buy it and had to finance it.  I dont feel good about making big purchases and splurges unless I have at least double that amount in the bank and am not emptying my account for anything.

    Post # 45
    Member
    5667 posts
    Bee Keeper

    My ring doesn’t mean any less to me. My Fiance and I are very open about fiances and budgeting. While we haven’t combined finances yet, I know what he can afford and he knows what I can afford. We even use the same advisor for financial guidance. I was involved in the whole process and though it was ultimately FI’s decision I supported him in deciding to finance the ring for 0% to build some credit and get it sooner. The meaning of the ring doesn’t lie in the cost nor how it was paid for.

    Post # 46
    Member
    10354 posts
    Sugar Beekeeper
    • Wedding: September 2010

    No, but I would be PISSED that he bought something we couldn’t afford outright, and then was paying even more for it because of interest…

    Post # 47
    Member
    2114 posts
    Buzzing bee
    • Wedding: November 2012

    it wouldnt mean less but i would def be annoyed !! (ie – dont buy something you/we cant afford out right)

    Post # 48
    Member
    1663 posts
    Bumble bee
    • Wedding: August 2012

    My Fiance payed half of it and is financing the rest. It doesn’t bother me in the least because it shows me he doesn’t want to wait any longer to be engaged, and it’s not like he’s not paying for it… it will just take a bit of time. I think a ring means the same thing no matter where it comes from, as long as it’s coming from your significant other. Some rings are hand me downs from grandparents or parents…does that mean it should mean less because it wasn’t payed for? … nah.

    Post # 49
    Member
    59 posts
    Worker bee
    • Wedding: July 2015

    Am I right in assuming that everyone who says “don’t buy something you can’t afford outright” doesn’t have a car payment then? Because if I had to buy a car “that I could afford outright” I’m pretty sure it’d be a matchbox. 

    That being said, I don’t think financing should take anything away from the sentiment.  If my bf financed a ring the only thing it would tell me is that he just couldn’t wait to marry me. 

    The fact is, a lot of people finance all sorts of things: homes, cars, furniture, jewelry.  It’s a  personal choice.  I don’t think financing a ring is any different than financing a car or anything else.  You pay a little more to have something now.  As long as your bills are paid, in the grand scheme of life, it really doesn’t matter. 

    If I didn’t finance things I never would have gone to college (or grad school), bought a new car, lived in Italy for an entire summer or done many of the things that have helped make me the person that I am today.  And I have to say I don’t regret a single dime that I have borrowed.  

    Post # 50
    Member
    248 posts
    Helper bee

    I follow a lot of others on here, no it would not have meant less but I would have been concerned with the additional debt. 

    if he wanted to purpose ASAP I would have just asked for a CZ place holder while he/we saved up for a ring. Since my dream ring was moissanite he was able to pay out of pocket and there were no concerns. 

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