No love or holidays wait for your finances to improve and that’s a fact. As the economy has been improving, more and more couples have been using jewelry financing services to make their dream proposals and weddings come true. This is the most economic and savings savvy way to ease the strain that a big ticket item will put on the budget. After all, shouldn’t your savings be reserved for life’s little hiccups such as: car repairs, medical bills, and home air conditioning issues? It seems a given that the moment you spend your hard earned savings on one thing, there will inevitably be another emergency cropping up that needs immediate attention. Spreading out the purchase of a piece of fine jewelry will help leave some room for life’s little errors in your budget without making the love of your life wait for a ring.
Professional financing services are offered by many reputable full service jewelers as well as through online companies. Financing a jewelry purchase is very similar to buying any item using a line of credit. There are many companies that offer programs with varying rates of interest attached to them. Many widely used finance companies have very familiar names, ones that you may recognize as leaders in the banking industry. The rate that you will be offered is based on your personal credit history and the amount of down payment you are ready to part with. Many companies are willing to help you establish good credit with loans such as these, if you are lacking a long credit history. Be aware that finance charges might be slightly higher in cases such as this. Just as you might shop around for the perfect engagement ring, it is always in your best interests to research financing rates.
If you are considering using finance service in order to relieve stress on your available savings, always be conscious of your real shopping budget. Even though, using a payment plan helps to stretch a big ticket item out into manageable chunks it’s tempting to buy more than you can afford. Resist the temptation to splurge. Trust that you have set a budget that will work for your personal finances. Only buy what you actually would purchase if you weren’t using a payment plan. Could you image having to ask the love of your life for her ring back because you could no longer afford the payments? That is a recipe for disaster! In addition, in the case of an engagement ring, you still have the actual wedding to pay for. Nobody wants to skip their honeymoon either. Jewelry finance services still represent a growing trend of informed savvy shoppers that are using their planning skills for multiple causes. Whether, you are shopping online or consulting with your favorite jewelry store in person, there are many financing options. If you can stay within your budget, avoid over spending and afford a small down payment then your love will not have to wait for the economy to completely heal.