- He's not getting engaged until Christmas Day.
- He wants me to take out a $3300 loan so that he can buy the ring.
- They won't be married until Fall of 2010.
It's February. December is still 10 months away. Why the HECK would he want to buy a ring now?! 10 months!!!! What happens if they break up next month or even six months from now? What would he do with the ring? He'd have to sell it and not even get close to what he paid for it. 10 months! What the heck is he thinking? I don't get it. So basically that's what I wrote in my email. I would love to help him, but if he saves up $330 a month, he would be able to pay for it in cash. Shoot, put it in a high interest savings account and end up making a little extra money! If anything were to happen between them, God forbid, he wouldn't have to deal with selling a ring and he would have a nice chunk in his savings account.
Honestly, I don't know what he is thinking. It is just asinine to buy an engagement ring in February (on CREDIT no less) than to save up the cash to pay in full in December.
What do you think? What would you have told him?