When deciding to get engaged, you'll surely have a lot running through your mind, but putting yourself into debt by buying an overpriced engagement ring shouldn't be one of them. Some people still go by the old "two month's salary" standard, but that surely isn't necessary.
A diamond may last forever, but credit card debt can last nearly as long. When you finally decide to get married you're also combining finances and your spouse will be carrying the debt burden you bring to the table even if is from the engagement ring. So, shop smart when it's time to buy a diamond engagement ring.
Diamond is forever, so I think there is life time saving in buying gold.
B2B Avish22
We have a friend that used to sell diamonds on the side. He loved jewelry. He said whatever the asking price is subtract 50% then 20% from that amount and that he still is making money on the transaction.
My son who is a musician said it is the same with guitars mom.
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In Debt