(Closed) Was your ring fully paid for when you got it?

posted 9 years ago in Rings
  • poll: What was the "status" of your ring when he proposed?

    Completely paid for

    Still being paid for

    Other

  • Post # 47
    Bee
    6468 posts
    Bee Keeper
    • Wedding: June 2011 - Sydney, Australia

    I didn’t know anything about it – but hubs told me later that it was paid off for a few months before the wedding. He told me that’s why he waited to propose when he did, too. 

    Post # 48
    Member
    5920 posts
    Bee Keeper
    • Wedding: December 2010

    Yes, it was.  He actually applied for the store credit card to save 10%, and then paid it off in full the same day.

    Post # 49
    Member
    8 posts
    Newbee
    • Wedding: July 2012

    My ring was my grandmother’s but it was dilapidated!  It needed a huge face lift and didn’t have any stones so my fiance took it and bought diamonds and had it fixed for me… in all he paid about $2000, it’s 3/4 carat so he didn’t spend too much but he was adamant about having it paid for before I got it.

    Post # 50
    Member
    686 posts
    Busy bee
    • Wedding: May 2012

    Maybe would help to reword this as “was any interest paid on your ring?” since I’m sure many rings were purchased with credit cards, even if the cash was available to pay – I think most of us will need the points for hotel or airfare!

    Post # 51
    Member
    3871 posts
    Honey bee
    • Wedding: November 1999

    He had the money when he proposed but put it on his credit card since it was 0 interest.  He paid it off within a few months.

    Post # 52
    Member
    441 posts
    Helper bee
    • Wedding: September 2014

    Mine wasnt paid for when I got it, but he recently paid it off.

    Post # 54
    Member
    266 posts
    Helper bee
    • Wedding: October 2012

    paid for. actually he bought it on black friday and got that sale and before a certain time, so got another sale and then went with free shipping so it took forever to get here and then after all that, gets down on one knee…turns out our bank had just partnered with the company and he got a 50 dollar cash back credit for using his check card too.

    I think the bands will end up being on a payment plan, he picked such a unique ring…he’d have to have the bands made custom

    Post # 55
    Member
    627 posts
    Busy bee
    • Wedding: August 2013

    Family ring, so paid for. 

    Even if it hadn’t been, neither of us have credit cards, so no way to finance it. Also, it would have been me buying the ring and the idea of borrowing money just stresses me out, its why I paid cash for my apartment instead of a mortgage.

    But, for the Bees who have the money in the bank or know it’s coming in, I can see how it would be better to finance part of it (especially if to pay it all up front meant taking a loss in interest earning property, or paying penalties).

    Post # 56
    Member
    2583 posts
    Sugar bee
    • Wedding: June 2012

    Fiance didn’t have all the cash to pay for mine so he took out an interest free credit card and paid it off. But mine was so inexpensive if he’d lost his job (which realistically in his position couldn’t happen anyway) I would’ve just helped pay for it. He had it paid in a few months anyway. Also, Fiance proposed without a ring and I picked it out a month later, so we really could’ve saved up for the same amount of time and just bought it several months later and it wouldn’t have affected our engagement, but since there was no interest and I wanted my ring ASAP we didn’t bother 🙂

    Post # 57
    Member
    40 posts
    Newbee
    • Wedding: June 2012

    My fiance just paid for it with his debit card when he went to the store. He had a lot of money from working a big job out of town, so he didn’t really need to “save up” for it. I don’t think I’d be comfortable having a ring that he wasn’t able to fully pay for at the time, or that he had to finance, because to me that just kind of means you can’t afford it. My feelings on that though are greatly influenced by the fact that we already shared our money and owned a house together, so the ring was technically paid for with “our” money. I think a ring is kind of a luxury- if you can afford a huge rock, great, and if not.. well just get what you can afford without breaking the bank! A friend of mine, her fiance made payments on the ring, and she wanted it so badly that she started making payments on it too.. I’m not knocking it, but I would personally not be down with that.

    Post # 58
    Member
    334 posts
    Helper bee
    • Wedding: September 2012

    My ring wasn’t completely paid off when my Fiance proposed. I think a paid in full ring or payments after the fact really doesn’t make much of a difference.  For me at least it was a matter of propose to the woman he loves ASAP or wait forever to save up for that “perfect ring”. Hey I’d take a ring pop if that’s what could only afford to give.

    Post # 59
    Member
    573 posts
    Busy bee
    • Wedding: October 2012

    Paid in full. I didnt know you could get the ring before it was completely paid off, I thought the store held it

    Post # 60
    Member
    6890 posts
    Busy Beekeeper
    • Wedding: March 2012

    Put down half as a downpayment, and paid the rest off over 12 months with 0% interest. We got engaged at around the 6-month mark of that 12 month period. So, it was 75% paid for when it slipped on my finger. He could have paid it all off, but we like to have a cushion for emergencies. Us completely owning a ring is not an emergency. If it had an interest rate associated with it, then it wouldn’t have gone that way. But it didn’t, so yay! We got to have our emergency fund and my ring is paid for now.

    Post # 61
    Member
    1932 posts
    Buzzing bee
    • Wedding: June 2008

    Very interesting! I didn’t know that my husband had put my ring on credit when he proposed. We had an accelerated relationship though. We dated for six months before he proposed, and he felt pressure to propose because I was moving and he didn’t want to lose me 🙂 So he didn’t have time to save for a ring.

    He put it on credit, and unfortunately we didn’t pay it off until a year into our marriage, it wasn’t a HUGE debt but combined with all the other payments we had to make here and there, it took a little longer. I didn’t even realize until after we had gotten married that he put it on credit! We won’t be doing that again lol we’re are now all for saving the cash before buying any big purchase. No more credit cards lol

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