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

posted 10 years ago in Rings
  • poll: Did your FI save before he bought the ring, or is he still paying on it?

    That baby is all paid for!

    He paid a little, and financed a little.

    Nope, still payin!

  • Post # 31
    Member
    878 posts
    Busy bee
    • Wedding: September 2012

    I gpt emgaged without a ring, then he took my shopping so I could choose what I wanted.  He didnt set a budget and I chose a bridal set worth less than one grand.  He laybyed it and suprosed me with it for easter (which was only 2 weeks later, lol)

    I love my ring, love the fact that it has a matching wedding band and that both are squared away and payed for. πŸ˜€

    Post # 31
    Member
    878 posts
    Busy bee
    • Wedding: September 2012

    I gpt emgaged without a ring, then he took my shopping so I could choose what I wanted.  He didnt set a budget and I chose a bridal set worth less than one grand.  He laybyed it and suprosed me with it for easter (which was only 2 weeks later, lol)

    I love my ring, love the fact that it has a matching wedding band and that both are squared away and payed for. πŸ˜€

    Post # 32
    Member
    4801 posts
    Honey bee
    • Wedding: August 2012

    He financed the whole thing at first (at no payments or interest for a year) and then took six months to pay it off.  I got it when it was paid off.

    So technically he financed it, but it was paid off by the time I got it.

    Post # 33
    Member
    821 posts
    Busy bee
    • Wedding: January 2012

    We paid in full at the time of purchase.  

    Although the engagement was a surprise we had been dating for 7 years and knew it would happen so Fiance had put the money aside. 

    Post # 34
    Member
    2063 posts
    Buzzing bee
    • Wedding: September 2011

    Fiance put it on a credit card to pay off by the end of the month – I can’t remember if it was paid for by the time I got it or not – But it was all paid for within a couple weeks of the purchase.  He just needed his next pay check to pay the last bit of it.

    Post # 35
    Member
    591 posts
    Busy bee
    • Wedding: July 2011

    He bought the ring in Oct. 2009. We got engaged Feb. 2010. He paid about 30% up front and paid the rest of it over a period of 12 months, interest free, doing monthly payments. So it has been paid off since Nov. 2010. I didn’t really fit in any of the options above.

    Post # 36
    Member
    714 posts
    Busy bee
    • Wedding: October 2011

    He used his tax refund to buy mine. I do his taxes, and he wanted me to get them done super early this year. Little did I know he wanted to use the money on ME! πŸ™‚

    Post # 37
    Member
    224 posts
    Helper bee
    • Wedding: August 2011

    My engagement ring he paid for in full. My gaurd around my engagement ring was a different story. It was around $800 and we put down part of it and the other $600 we financed at 6 months no interested. About three months after that we paid all of it off.

    If we had the money when we first got it we wouldn’t have financed it. The only reason we got it then instead of later (when we would have paid it in cash) was that there was a valentines day sale that saved us around two hundred dollars. To us, it made more sense to get it then instead of waiting and having to pay more money for it.

    That said, me and Fiance definitely would not have gotten it if we could have not paid it off before interest set in. If we purchase something like that, we don’t want to spend extra money on it by spending money on interest. To me, that is just a waste of money. That being said, I know it is more reasonable for some people to pay interest and get the dream ring they want.

    Post # 38
    Member
    2574 posts
    Sugar bee
    • Wedding: June 2010

    Paid for in full on the day it was bought. 

    I don’t believe in going into debt for an engagement ring. If we could only have afforded $50, then I would have had a $50 ring.

    (Fortunately husband is a saver and that was not the case!)

    Post # 39
    Member
    10282 posts
    Sugar Beekeeper
    • Wedding: October 2011

    We don’t believe in unnecessary debt (yes, an e-ring is “unnecessary”) so we saved and paid for my ring in cash.

    Post # 40
    Member
    850 posts
    Busy bee
    • Wedding: May 2012

    Paid in full of course. I have a phobia of financing items we could save for πŸ™ (Obviously though, we do have a mortgage)

    no credit cards, no store loans.

    Post # 41
    Member
    2194 posts
    Buzzing bee
    • Wedding: November 2011

    View original reply
    @pink.sequins: My Fiance said the same thing! He works hard, but I’m pretty sure my ring has a lot of other people’s money in it….ha!

     

    It’s paid in full. Cash. In fact, he told me later that his he had the money in a few different accounts and each othe banks called to make sure he wasn’t robbed. Talk about customer service!!

    Post # 42
    Member
    2813 posts
    Sugar bee
    • Wedding: March 2012

    View original reply
    @MrsOliveBird: I agree.  My ring was paid in full when I got it.

    Post # 43
    Member
    116 posts
    Blushing bee

    Mr. M is very concious of his credit so he likes to put 1 large purchase on his card, then pay it off, then put another large purchase on then pay off.  That way he has a credit history, but he pays off within a few months.  He just paid off our HDTV and said my ring would be the next big purchase.  I have college on Monday nights after work, and yeserday morning when I got on the computer it was turned off (I left it in sleep mode the last time I used it so I know he was on it) and when I went into the history for Monday everything was erased, which he never does.  So I can’t help to put 2+2 todather πŸ™‚  He’s getting it from Moissonite & Co πŸ™‚

    Post # 44
    Member
    674 posts
    Busy bee
    • Wedding: October 2011

    We paid for it in one go before we got engaged.

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