Engagement Ring Financing Reddit

This is where you can discuss a possible purchase or an explanation of what you or your significant other wants.

Engagement ring financing reddit.

Engagement rings can be a significant investment but most jewelry stores offer some sort of financing program and many even have programs for those with less than perfect credit. When a ring is that much don t forget to factor in insurance and maintainence. Minimum borrowing amounts start at 1 000 or more repayment terms range from 12 to 60 months or longer. Not looking for anything insane probably in the 2 3k range.

The ring should not actually be 2 3 months gross pay. If i followed that rule i would be dropping that much on a ring which is a lot. Engagement ring is the first financial commitment in an avalanche in the next 1 2 years. Quick easy credit approvals with simple transparent terms.

I ve seen a variety of offers for 0 financing on sites like brilliant earth. I m about to buy an engagement ring and i m getting really hung up on how much to spend. The good news is it s easier than you think. If your eyes glaze over when it s time to talk wedding budget you re not alone.

I have a stable job and am staying within my budgeted price range. First time ring shopper and i was seeing if there s anything i should know before i go in person to see it. A personal loan is a flexible form of financing whether for an engagement ring or other major purchase. Also feel free to show off your engagement rings.

A place for all of us to post our engagement rings. I see a ring online that s a great price. I m just curious if there s any true downside to this vs paying upfront. I m in the market for an engagement ring in the near future.

Posted by 3 years ago. If you have to borrow from day 1 you re setting expectations for an overbudget debt fueled wedding that will give you the financial equivalent of a multi year hangover. Enjoy 0 interest financing for up to 24 months on designer engagement rings wedding rings certified diamonds fine jewelry. In short if you truly do care about finances don t drop 10k on a ring.

Even for the mathematically inclined it s difficult to know what kind of budget to set for an engagement ring. A 5k ring would kick most other engagement ring s assess. A coworker told me 3 months salary but that seems grossly inappropriate i make good money mid six figures my lifestyle however is fairly modest compared to income. Apply online in minutes today.

Anything would be helpful. Common financing options include in house financing through the jeweler store credit cards and lease to own programs.