Quote:
Originally Posted by sevenarms
My wife wanted a nice ring and I got her one. It's what makes her happy and I was more than willing to oblige. So I got duped into buying something useless? I fell for the hype? That is absolutely ridiculous. I don't throw money around and am usually cautious with how I spend. That said I spent good money on a nice diamond ring and would do it again in a heartbeat.
Edit: To the OP. I went with Blue Nile and the ring looks amazing. The diamond and band cost about half what it would have at Spence.
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Yes, you did get duped into buying something useless if you overspent on a ring. In the same way women who buy $700 Coach purses get duped when a purse a fraction of the price is just as good. I'd respect your position more if you came at it from the angle of "yes it's a dumb, over-priced, over-marketed, inherently valueless rock, but what the hell." Instead, you seem to be defending it as a totally reasonable purchase, which it objectively isn't.
Quote:
Originally Posted by albertGQ
I haven't fallen for anything. If you clicked on any of the other CP links provided about engagement rings you'd know exactly how much I spent on my wife's ring. Would I spend $10k on a ring? Heck no. I wouldn't even spend $5k on a ring. That doesn't mean others shouldn't ifthey wantto and can afford it. People work hard fortheir money so they can spend it however they see fit. If spending $10k on a ring makes them happy, what's wrong with that?
Maybe you shouldn't spend $100 for dinner and wine spend a more reasonable $30. Instead of that $40k car, maybe buy a used $15k car instead. What's wrong with your 32 inch TV? Do you really need a new 50 inch? Why buy an ipad when you already have a laptop?
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If you think my financial philosophy begins and ends at a ring, you're wrong. I do drive used cars that look like much more expensive vehicles because I think buying new is a bad idea. My wife and I order water with suppers out because we think $7.50 for a glass of wine is a waste of money. We bought an iPad 1 when they dropped in price because the iPad 2 came out. And on and on.
All that being said, I actually agree with what you said in this post. I've bolded the part that is key and I concede I've been remiss in my posts in this thread by not being more clear. If you can afford it, go for it. My definition of what somebody can afford will be different from everybody else's, but I'd say if you have paid off your student loans, own your home, are maxed out on your RRSPs, are able to enjoy yourself with some money for entertainment
and you still have cash left over for an expensive ring then by all means you should be able to buy whatever you want and nobody should lift their nose at you.
If you're putting an expensive ring on debt and don't own your house, have no savings, etc., then you are being
extremely stupid.