Creative Financing for Engagement Rings

So you're with the person of your dreams. The one you want to spend every day with and you know that you're perfectly matched to spend your sunset years gumming oatmeal together. You've may have even found the perfect ring and have the proposal all planned out, but the funding for this ring has got you a bit stumped. As with most major purchases in life, cars, collage, and homes, engagement rings often need a bit of creative financing.

An easy, and often overlooked, way of financing jewelry is to sell your unwanted pieces. Many jewelers now offer a cash for gold service. While the primary commodity they're looking for is gold, they will often purchase other jewelry items and things made of precious metal. Along with any gold you no longer want consider bringing them silver coins, jewelry, and flatware or fine gemstones. In addition to the cash you can get out of this transaction, inquire about any discounts they offer if the proceeds are used towards an in store purchase.

If you are considering using your good credit to help with the financing be sure you do your homework in order to get the best deal. Some credit cards have a low interest rate as an introductory offer or the rewards / points earned for purchases can be used towards the balance. Additionally, check out in-house financing. Many jewelers use incentives to encourage purchasing. Some of the best deals are 6 or 12 months same as cash, sometimes paired no payment necessary in that time frame. Though, read the fine print as there is often a minimum purchase required and the interest is calculated from the purchase date.

Perhaps the easiest way to secure funding is to use the cash that moves through your hands every day. If you don't know about the Latte Factor, here's a crash course: if you can afford a latte every day, then you can finance anything with a little bit of time. Instead of your coffee cup, put that $5 or $6 in your piggy bank and watch how fat he'll be in just 1 month. Consider supplementing his diet with the change from the grocery store, gas station, or other routine errand. While you're at it, add a bit more with the change from the car, couch or recycling. This method may seem slow at first, and you may not be able to meet the deadline fully funded, but it will get you a substantial chunk to use as a down payment and boost any other form of payment you're looking into.

No matter which financing options are available to you, any of them can make your purchase possible. If you're on a tight deadline, consider using each of these methods in conjunction. With a few simple steps, you'll be a pro at financing engagement rings and well on your way to the big day.

Author Bio
Brian Michaels is a famous content writer and he is writing articles in all topics. This article is about Affordable Engagement Rings and check out latest photos of Jewelry Store New York.