Engagement Ring Financing Reddit

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Engagement ring financing reddit.

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. A place for all of us to post our engagement rings. You can find these loans through banks credit unions and online lenders. Please do not post links for selling of engagement rings that is not the intent of this subreddit.

I have a stable job and am staying within my budgeted price range. I see a ring online that s a great price. Even for the mathematically inclined it s difficult to know what kind of budget to set for an engagement ring. If your eyes glaze over when it s time to talk wedding budget you re not alone.

Common financing options include in house financing through the jeweler store credit cards and lease to own programs. Anything would be helpful. Minimum borrowing amounts start at 1 000 or more repayment terms range from 12 to 60 months or longer. The ring should not actually be 2 3 months gross pay.

This is where you can discuss a possible purchase or an explanation of what you or your significant other wants. 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. 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. If i followed that rule i would be dropping that much on a ring which is a lot.

Also feel free to show off your engagement rings. Engagement ring is the first financial commitment in an avalanche in the next 1 2 years. In short if you truly do care about finances don t drop 10k on a ring. A 5k ring would kick most other engagement ring s assess.

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. Posted by 3 years ago. Enjoy 0 interest financing for up to 24 months on designer engagement rings wedding rings certified diamonds fine jewelry.

When a ring is that much don t forget to factor in insurance and maintainence. I ve seen a variety of offers for 0 financing on sites like brilliant earth. Reddit what s your tips on ring engagement shopping. I m in the market for an engagement ring in the near future.

Not looking for anything insane probably in the 2 3k range. I m just curious if there s any true downside to this vs paying upfront.