How do I finance an Engagement Ring? I have a decent down payment, but not enough to pay in Cash?
February 1, 2010 by admin
Filed under Princess Cut Engagement Rings
marshmellaw1982 asked:
I have $2000 saved specifically for the ring. I would like to buy a Princess cut diamond set in White Gold. I was planning on a 2 carat stone, but will probably go with 1.98ct or somewhere around there to save money, since it's close enough to 2, and once you hit the 2ct mark, the price jumps significantly.) I want a Verragio Lumino setting, but could take the design to a local jeweler to have it copied, so to speak...
I own a home, IRA, 401k, have a safety net of 6-8 months and am set on the path towards retirement, (Not there yet, of course, but the plan is running its course.) This $2k that I have saved is literally set aside specifically for the ring. I have been with my GF for 5 years and we have been living together for over a year now. She's the one and I'm ready to propose.
I have $2000 saved specifically for the ring. I would like to buy a Princess cut diamond set in White Gold. I was planning on a 2 carat stone, but will probably go with 1.98ct or somewhere around there to save money, since it's close enough to 2, and once you hit the 2ct mark, the price jumps significantly.) I want a Verragio Lumino setting, but could take the design to a local jeweler to have it copied, so to speak...
I own a home, IRA, 401k, have a safety net of 6-8 months and am set on the path towards retirement, (Not there yet, of course, but the plan is running its course.) This $2k that I have saved is literally set aside specifically for the ring. I have been with my GF for 5 years and we have been living together for over a year now. She's the one and I'm ready to propose.
I am looking for creative financing options, other than dealer financing or tossing the loan onto credit cards or HELOCS. Anyone ever taken a part-time job at a jewelry store to save money? I'm 25yrsold
Makeup-Discounters Content
Should I buy an Engagement Ring from a department store or from www.bluenile.com?
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Creative financing would be to steal the money or to steal the ring from the jewelry shop. Not reccommended as it’s illegal.
Nothing wrong with the tried and true options.
You can always go for a less expensive ring.
Makeup-Discounters Content
2K is a decent amount to put down on it.
I know a lot of jewelers will run promos, especially now that it’s getting close to holidays. You can prolly find a place that won’t charge interest for a year or so…that’s what they did to my husband. You may be able to work out a deal if you purchase your wedding bands at the same place also.
Good luck and congrats in advance