(Closed) SPINOFF: young brides with huge rings-how did FH pay for it?!

posted 6 years ago in 20 Something
Post # 196
Member
268 posts
Helper bee
  • Wedding: November 2015

In cash, I was 21 when he proposed and he was 26. No student debt (as in the UK having a degree isn’t as important to getting well paid jobs as it seems to be in the US) we both have very good jobs (however at the moment I am actually the breadwinner so to speak after a big promotion a few months ago) we have a house deposit already (gift from my grandmother) so the wedding and ring is all we have to save for at the moment ๐Ÿ™‚

Post # 197
Member
1308 posts
Bumble bee

So many people here clearly didn’t read the OP, lol.

Post # 198
Member
91 posts
Worker bee
  • Wedding: June 2016 - Fairmont Mayakoba

My fiancé spent about $30k on my engagement ring. He is an MD in the ER and also runs a private practice for pilots. The ring is about what he makes in a month, however he still saved for a few months before purchasing it due to paying bills & other emergency expenses. We are also covering all of our wedding costs. 

Post # 199
Member
340 posts
Helper bee
  • Wedding: Hans Fahden Vineyards

I afforded it with starting a savings account with it in mind, and then putting away about 15k a month; 10k for the house down payment, 2k for the wedding, and 3k for the ring. Year later, I took my year end bonus and my savings and am making it happen ๐Ÿ™‚

Post # 200
Member
58 posts
Worker bee

krex:  My ring is not HUGE, but it’s decently sized, and the center stone was his mother’s, so he was able to spend more money on the setting. It was appraised at 14k, but it cost a lot less than that…

Post # 201
Member
53 posts
Worker bee

My Fiance and I are 24 but I guess we’re more well-off than most – he’s an Engineer. He bought my ring cash with money that he’d saved. ๐Ÿ™‚ It cost him roughly 8K

Post # 202
Member
85 posts
Worker bee

krex:  Mine was a bit over 10K and he paid it off in cash. He owns his own business and its going very well right now. He probably could have afforded a more expensive ring ( his monthly income is at about 20K) but he’s a very practical guy and thought it was crazy to spend any more than he did. I agree. 

Post # 203
Member
153 posts
Blushing bee

We were together almost 11 years before getting engaged so he had a loooooong time to save! He paid most of it in cash then financed the rest. There wasn’t too much left over so he plans on paying it off in the next 12 months to avoid the hefty interest and to build credit.

Post # 204
Member
291 posts
Helper bee
  • Wedding: January 2016 - 1950s themed bar

Mine is costing 12,500 NZD which is roughly 8,300 USD. When we moved in together we talked finances and figured he could afford to save $500 a month (for a ring and general life together stuff). When he proposed, he had $7000 saved so he paid that as the deposit and is paying the rest off over 12 months interest free. 

Edit: I am 25, he is 30. 

  • This reply was modified 4 years ago by  natalienz.
Post # 205
Member
193 posts
Blushing bee
  • Wedding: April 2017

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Post # 206
Member
4 posts
Wannabee
  • Wedding: September 2016

$20,000 ring. 2.66 carats. Emerald cut, 3 stone, platinum band, Excellent rating blah blah blah. 

We’re both 28. Both make 90k+ (he’s beating me by a few grand…grrrrrrrr)

He’s an engineer. I’m in TV production. 

He didn’t get any help from home or take out loans. He bought wholesale and paid cash. We have no debt. He’s got a nice chunk for a nest egg saved up. As an engineer, his project sites are usually in cheaper small town. This enables him to live on a smaller % of his income without sacrificing quality of life. While I live in an expensive East Coast city where 90k feels like 25k ๐Ÿ™

We’re lucky–we know that. But we’re also smart, grateful and work hard to get what we want. 

Post # 207
Member
3 posts
Wannabee

My fiance bought my engagement ring for under $1k, but with white topaz instead of diamond. I don’t mind at all, in fact it’s really smart. He was able to get the ring design I love and we’re both studying to be doctors, so one day when we’re (*finally*) working we’ll be able to afford to replace the gem with diamond.

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