Or should you just wait until more money is saved? Is that lots for a wedding ring?
2006-12-14 16:31:33 · 21 answers · asked by Anonymous in Family & Relationships ➔ Weddings
Keep the ring. Yes it is a lot for a ring, but you will have it forever. They have 100% financing on homes. It is a give in that you will own a home someday. But it may be once in a lifetime for a ring like that.
2006-12-14 17:52:47 · answer #1 · answered by Princess 2 · 0⤊ 0⤋
I heard somewhere that an engagement ring standby is typically 2months pay. Would his feelings be hurt by the suggestion? Realize that depending on how long ago the ring was bought, you will most likely not get anywhere near what you paid for the ring and you may be money ahead keeping the ring. Probably at this point wait until more money is saved and practice being frugal and cutting costs and spending as much as you can. If buying a home is a high priority then push everything else down the list. When deciding to buy a new purse or pair of shoes...think house/shoes, house/shoes...i bet the house wins. Consider the ring an investment at this point.
2006-12-14 16:43:26 · answer #2 · answered by angela_brown74 1 · 0⤊ 0⤋
No. Have you ever tried to sell a ring before? I have and I can tell you that 13,000 might have been paid for it but you will "not" get 13,000 for it. If your lucky you may get between 4,000 - 6,000. Anyone who buys that ring is going to turn right around and sell it for a profit themselfs unless you sell it to a person who wants it for the same reason your man wanted it and thats not very likely.
If your hurting for money then have the ring appraised at a jewelry store, put it in a safe deposit box, and take out a loan with the ring as collateral. With a professional appraisal the bank will likely give you a loan for up to 1/3 of what the ring is worth.
But don't even think about selling it. It's only worth 13,000 to the person who paid that much for it.
2006-12-14 16:45:31 · answer #3 · answered by soul_plus_heart_equals_man 4 · 0⤊ 0⤋
I went through this with my Fiance. I bought her a $17k diamond ring and she had the same feelings as you. My only advice is to be patient. You still have to plan for the wedding which will be expensive. The house will come in due time. The ring is all part of the process and should be cherished. The best description would be cooking your fiance a beautiful dinner and he wants to skip to dessert without eating the dinner. I am sure that would upset you and maybe even cause an argument. Getting a cheaper ring would probably hurt your relationship. Go with the process and be patient.
2006-12-14 17:07:51 · answer #4 · answered by MC 1 · 0⤊ 0⤋
I think that much for a ring when you dont have a house is a little much. I wouldnt want you to sell the ring he got you, but maybe he should have spent alittle less and maybe save towards the house. I guess you should just wait until you can save up some money for a house..no reason to sell a ring you already have and love.
2006-12-14 16:46:23 · answer #5 · answered by ALF08 3 · 0⤊ 0⤋
wow, that's a lot of money for just the ring! if it bothers you that it's worth so much, maybe you can talk to your boyfriend about cashing in the ring for a less expensive one, and then using the leftover money for the actual wedding.
2006-12-14 16:34:09 · answer #6 · answered by mighty_power7 7 · 0⤊ 0⤋
i'd save up for a house.... cuz a wedding ring has a ton of meaning.. houses come and go but wedding rings are a sign of ur commitnment
2006-12-14 16:33:33 · answer #7 · answered by I_Love_You_13 2 · 0⤊ 0⤋
good god why would anyone pay 13,000 dollars for a RING?? I'd be scared as hell to wear it. My ring cost 500 dollars with tax and everything and it's gorgeous. And I won't have to worry about my fiance being destitute and trying to live in a cardboard box.
2006-12-14 18:20:24 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Yes.A house is the smartest investment you can make.
You can't live in a wedding ring,you can in your own house and it will be making money while you live there
this is a no brainer.
Buy a 25,000. dollar ring with the equity you'll earn in the house investment.
2006-12-14 16:35:20 · answer #9 · answered by Mark K 6 · 0⤊ 0⤋
You have a $13,000 engagement ring and no house. Priorities anyone?
2006-12-14 16:36:51 · answer #10 · answered by Bethany 7 · 0⤊ 0⤋