“Its the same rhetoric you hear from numerous sources about financing anything. Listen, if you have a steady income that is more than enough to pay the bills, eat, and put some money into savings AND you have enough left over to make a monthly payment on your ring, do that.

Exceptions: if the interest rate is abnormally high. Find a payment calculator online where you can input the interest rate and the term (no. of months) along with how much you are borrowing, and you should see exactly how much interest you will be paying. If you can afford the monthly payment and don’t mind the interest charge, then go for it.

If you can find 0% financing for any period of time but choose to just pay for it all upfront, then you’re an idiot.

Whatever you do, don’t listen to the guy below. You should be getting engaged at least a year before the wedding… plenty of time to pay the ring off. ”

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