Engagement Ring Financing Reddit

I m about to buy an engagement ring and i m getting really hung up on how much to spend.

Engagement ring financing reddit.

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. Not looking for anything insane probably in the 2 3k range. Reddit what s your tips on ring engagement shopping. The good news is it s easier than you think.

Enjoy 0 interest financing for up to 24 months on designer engagement rings wedding rings certified diamonds fine jewelry. 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. 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.

Even for the mathematically inclined it s difficult to know what kind of budget to set for an engagement ring. Anything would be helpful. A place for all of us to post our engagement rings. Common financing options include in house financing through the jeweler store credit cards and lease to own programs.

If your eyes glaze over when it s time to talk wedding budget you re not alone. Quick easy credit approvals with simple transparent terms. First time ring shopper and i was seeing if there s anything i should know before i go in person to see it. You can find these loans through banks credit unions and online lenders.

When a ring is that much don t forget to factor in insurance and maintainence. 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. Also feel free to show off your engagement rings. Minimum borrowing amounts start at 1 000 or more repayment terms range from 12 to 60 months or longer.

Please do not post links for selling of engagement rings that is not the intent of this subreddit. Engagement ring is the first financial commitment in an avalanche in the next 1 2 years. I ve seen a variety of offers for 0 financing on sites like brilliant earth. A 5k ring would kick most other engagement ring s assess.

I m in the market for an engagement ring in the near future. I have a stable job and am staying within my budgeted price range. Apply online in minutes today. If i followed that rule i would be dropping that much on a ring which is a lot.

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.