I got engaged last night!

So I need to hear more about these budget ($7,000 range) Raleigh area weddings. We'll be paying for most, if not all of it ourselves, so we'll definitely be SAVING for the next year on top of what we already have saved.

yay!

9/13/2007 11:30:56 AM

Quote :

"Our rings and bands (almost paid off and we're not getting married for over a year) "

how are you paying off something you didn't finance?

9/13/2007 1:00:25 PM

my best guess is that is was paid with a credit card and they are paying it off over time? hopefully a 0% card

9/13/2007 1:03:21 PM

Most jewelry stores offer 90 days same as cash etc.

9/13/2007 1:12:01 PM

either way, that's still financing.

9/13/2007 1:18:47 PM

maybe she used the word "paid" loosely and she meant she almost has enough money saved up for them. she even mentions that the wedding was a year away, so it doesnt make much sense to finance them right now.

[Edited on September 13, 2007 at 1:22 PM. Reason : s]

[Edited on September 13, 2007 at 1:23 PM. Reason : j]

9/13/2007 1:21:50 PM

nothing wrong with financing at 0% something that you already have money for. a lot of places offer 6-18 months of 0% financing.

9/13/2007 1:25:10 PM

Yep, park that money in an ing account and use the interest and pay it off the day before the compounded interest hits.

9/13/2007 1:29:08 PM

agreed, i didnt think about that.

9/13/2007 1:29:46 PM

I have done it twice

9/13/2007 2:47:32 PM

That's great, hammster! Save the stress, the $$$, and everyone will have a blast.

9/13/2007 5:37:27 PM

Quote :

"Yep, park that money in an ing account and use the interest and pay it off the day before the compounded interest hits."

bingo!

9/14/2007 9:47:13 AM

Quote :

"nothing wrong with financing at 0% something that you already have money for. a lot of places offer 6-18 months of 0% financing."

bingo again!

9/14/2007 9:47:39 AM

When I was buying my wife's engagement ring I had saved up the cash but USAA had just approved me for a Mastercard with a $20,000 limit, 0%APR for 18 months, and 5% (market rate) thereafter. I jumped all over that deal and made a nice little chunk of change on the interest for 18 months.

9/14/2007 2:28:38 PM

everyone seems pretty big on these ing accounts...forgive me if this is a stupid question, but what are they/how do they work? i don't really know anything about them & it sounds like a much better option than just paying as i can toward the wedding

9/16/2007 10:11:38 PM

http://home.ingdirect.com/

It's basically an online bank account that can offer higher than average rates since they do not have any brick and mortar stores. It typically takes a few days to transfer money to and from the ING account from another account. Personally I would open an HSBC account or an Emigrant account because last I checked their rates were slightly higher. Around 5.05 for a money market account I believe.

9/17/2007 9:21:59 AM

Yup, I got my HSBC Direct account in July. I'm absolutely loving the interest rates.

9/17/2007 9:24:14 AM

http://www.msnbc.msn.com/id/21122762/?gt1=10450

watch out who you choose as your minister

Quote :

"“If you can’t trust someone to officiate over your wedding, who can you trust in this world?” Halliburton said."

10/4/2007 10:02:40 AM