FINANCING the ENGAGEMENT RING...
- Thread starter Qurious
- Start date
mv_princess
mv = margaritaville
Yeah but if two people are that much inlove, what is it to anyone else how they spend their money. I say go for it. Just because you pay for something over time, doesn't mean you are broke.Lugnut said:
Bustem' Down
Give Peas a Chance
It would depend on the girl too. I know some high maint. girls that would expect no less than a full carat for an engagment ring. Most people would have to finance that.Qurious said:Uhhhhhhhhhhh No.
Your thoughts?
itsbob
I bowl overhand
Agreed that its nobody's business what another person does with their money, BUT I also agree that it's silly for a newly married couple to start out their new lives in debt.Qurious said:
5- 10k for a ring.. 5 - 20k for the wedding ceremony, another few thousand for the honeymoon. The three combined could add up to more than $500 or even a $1000 a month in payments for the first 4 - 10 years of their lives together, another stressor on the marriage.
It's their money, but they would be wise to learn from other's mistakes.
A house is an investment, and probably the only thing worth financing (how can you save $300 - 400,000 while paying rent too?) no matter what you do, buy or rent, you are still going to be outlaying money for a place to live so it may as well be YOUR place.
Cars are so expensive you have no choice but to finance/ lease, unless you buy a curbstone for a couple grand that you can pay cash for.
Lastly who made the "rule" about the cost of the engagment ring? What is it now, twice your monthly income? The JEWELRY stores, they just want your money.
I've been paying for financial miscalulations for the last four years (since I started working here) and look back and say.. "WTH was I thinking!!?" for some decisions I've made, and things I've gone in debt for.
The one thing I don't regret going in debt for is education. Cheap rates, and payoff, even monthy, is way more than I pay out in payments.
Last edited:
Toxick
Splat
Speedy70 said:Maybe you should read the whole thread.
Fine - you made exceptions for a house and a car becuase they're "necessities", but, says I, it's very easy to rent an apartment and pay cash (or check or money order) every month, or get a rental car for monthly cash (or check or money order), or simply take the bus for a buck. So maybe a mortgage and car payment are not so much necessities after all.
Point being, if you can afford the monthly bills, you can afford the ring.
In much the same way as you can afford your credit-cards, house, car, plasma screen TV, computer, personal loans or mail-order bride.
Qurious
Im On 1.
Toxick said:
They totally aren't the same thing.
A woman doesn't need a big rock when its time for you to propose....thats something you want to give her for the whole "bragging, yeah this is my future wife" type effect. A $100 gold band would suffice....something you wouldn't have to finance!
Finance your needs, not your wants.
Fools paying major interest on materialistic items all for "show".....
mv_princess
mv = margaritaville
And a car and a house could be considered materialistic and items for "show".Qurious said:
It's all a personal view.
I guess I stilll don't see what the problem is.
Nickel
curiouser and curiouser
I think that's a stupid rule, there's NO way you'd catch me with a ring on my finger that cost twice D's monthly salary. Too much flash for my taste. I can see financing some things...cars, homes, large improvements to your home, but I just can't see financing jewelry, or a vacation (as was previously mentioned in the thread). That's me though, everyone else can do whatever they want. :shrug:itsbob said:
kwillia
n/a
Agreed! And that is exactly the point! Financing is a necessary evil that allows us to borrow on our future income and it comes at a price. Until something is paid in full, we really don't own it. And if something always has a cost, such as our home/property (yearly taxes) we never really own it, but are just "renting it" from someone else (in this case, the government).bresamil said:If I stopped getting additional income at this point in my life, I couldn't afford gas or groceries.
mv_princess
mv = margaritaville
You have to have that fancy car, with all the nice stuff.Qurious said:Who in the blue hell is considering a house and a car something someone has for "show"
come on now
You have to have that big house.
why not get an older car that you have the cash for, or a small house that you can pay off. Because you really don't need anything bigger.
sockgirl77
Well-Known Member
Some women like having a rock to show.Qurious said:
Do you own any name brand clothes?
:shrug:
sockgirl77
Well-Known Member
I picked my house because it was pretty. I could have had a shack for alot less. :shrug:Qurious said:Who in the blue hell is considering a house and a car something someone has for "show"
come on now