I wanted to end this week with a reader question (I haven't done one in a while!). I was thinking the other day about whether or not it was appropriate to finance an engagement ring.
I consider myself to be very traditional, and think that you should save up you salary and wait to buy an engagement ring until you can afford it. In fact, I think you're bride-to-be should value that more than going into debt for an engagement ring.
However, I saw a commercial on TV yesterday about 0% financing for an engagement and wedding rings a local jewelry store (which was actually a nationwide chain). I found it to be a little off…
I think a marriage should start on a solid financial footing as much as anything else, and I don't think going into debt for a ring is worth it. However, there must be a demand for it since it was advertised on television!
So, readers, what do you think? Is it okay to go into debt to buy an engagement ring or wedding ring? What about the wedding, is it okay to go into debt for that?