I do not think financing is a bad idea especially if your getting an incentive like no interest. I have financed all my watches I own which are Rolex's and Panerai's and there all paid off and the only reason I financed them was because they offer me no interest for 2 years. I think financing all comes down to responsibility, disipline and what you can afford.
@FrugalRican wrote:Thanks for the responses.
My DGF wanted to pay off the rest of my CC debt before I'm even allowed to propose. So I am paying cash, but just wanted to see what people thought about financing a ring. Unfortunately, I have no family with family heirlooms so a new ring it is. She could care less how big the stone is as long as there is a ring involved.
Just curious as to how webhopper ended up paying for her own engagement ring?
I was the co-signer on the Zales account... He left town and didn't pay, so I had to pay.
As to the poster who asked about how to get a ring if you don't have 4k laying around: If you don't have 4k laying around, or at least access to 4k easily, then you aren't ready to be married. Marriage is a responsibility and a committment to love and care for someone besides yourself... how can you make the committment without the resources to fall back on in case "Murphy" happens. Money problems end a lot of marriages. I think two people should be financially secure before marriage.
FICO 9: 
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
@webhopper wrote:
@FrugalRican wrote:Thanks for the responses.
My DGF wanted to pay off the rest of my CC debt before I'm even allowed to propose. So I am paying cash, but just wanted to see what people thought about financing a ring. Unfortunately, I have no family with family heirlooms so a new ring it is. She could care less how big the stone is as long as there is a ring involved.
Just curious as to how webhopper ended up paying for her own engagement ring?
I was the co-signer on the Zales account... He left town and didn't pay, so I had to pay.
As to the poster who asked about how to get a ring if you don't have 4k laying around: If you don't have 4k laying around, or at least access to 4k easily, then you aren't ready to be married. Marriage is a responsibility and a committment to love and care for someone besides yourself... how can you make the committment without the resources to fall back on in case "Murphy" happens. Money problems end a lot of marriages. I think two people should be financially secure before marriage.
+1
But situations where money is tight and you both understand that should be noted and a real financial plan should be made.
+1
But situations where money is tight and you both understand that should be noted and a real financial plan should be made.
+1
Financially secure doesn't mean rich... even people with lower incomes can be financially secure if they budget and plan according to their income and cash flow.
FICO 9:
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
Filed Chapter 13 on 6/1/2017 after job loss. Discharged 6/1/2022.
Goal: Gardening!
deleted, old thread..
