Saving for a Ring: Why You Should Save as a Couple

PiggyBankWithRingsAfter being with my boyfriend for five years we started to talk about marriage. Eventually, the conversation moved to the topic of rings. As we know, rings come in all shapes, sizes, and price ranges and I knew I wanted a nice ring. I don’t have many family heirlooms and I was excited about buying something to pass along to future generations. I know that traditionally the man saves for the ring, but I wanted to help save for this large purchase. I didn’t want my future husband to go into debt over the ring, as “his” debt would be “our” debt soon enough. So we sat down and agreed on a budget and a length of time to save for.

I really enjoyed saving towards what we ended up calling “the secret savings fund.” Saving for the purchase together taught me a lot about our savings habits and proved that we could save successfully. We opened a separate savings account and deposited money into it each month. As we got closer to our goal I got more excited about the possibility of a proposal.

Finally the day came. Taking advantage of one of my business trips, my now husband went ring shopping. The day after I returned from my trip he cooked a romantic dinner at home.  I, however, had quickly forgotten about a possible proposal since it had not happened the night I returned from my trip. I know that my husband is normally unable to wait to give gifts – so I wasn’t expecting a proposal that night. So instead of eating the romantic dinner my husband planned, I took two bites of food, declared that I wasn't hungry, and proceeded to work on my Halloween costume (the character Link from Zelda) at the dinner table.

My husband was a bit worried, as his romantic dinner had become an arts and crafts project. He decided that he would even the score by proposing while I was in my silly costume. So he smoothly suggested I try on my costume. Then mid fashion show, while taking some pictures, he slid smoothly onto his knees, set down the camera and popped out the ring box. After turning bright red, I quickly said yes. The next day I asked if we had stayed within our budget. He assured me that we had. We had saved for over a year for the ring and knowing that we had worked hard to save and that there was no debt connected to the ring made the moment that much better.

Saving for a large purchase? Here are other articles you may enjoy:

Are you ready to commit to a savings goal? Join America Saves today.

Take the Pledge

I pledge to save money, reduce debt, and build wealth over time. I will encourage my family and friends to do the same

Take the America Saves Pledge

Tip of the Day

  • Written by Tammy G. Bruzon | January 16, 2017

    Set aside your #taxrefund for unexpected repairs or emergency expenses http://bit.ly/2hTMMpt @AmericaSaves

Saver Stories View all »

Learning to Save

Written by Katie Bryan | October 28, 2013

Kisha Barns’s financial situation was undisciplined, unrestricted, and impulsive before she came into contact with her local America Saves campaign, Charlotte Saves.

Read more...

Challenging Herself to Save

Written by Sara Cooper | April 15, 2014

It all started when Marchale Burton overheard Alabama cooperative extension colleague Isaac Chappelle, coordinator of Alabama Saves, explaining how saving just a little bit – even change – is all it takes to become a saver. “I thought about that,” Burton said, “and wanted to see if it would work.” So, she challenged herself to see how much change she could save.

Read more...

The Gift of Homeownership

Written by Tammy G. Bruzon | August 5, 2015

Quaneka Willis, a single mother of three children, was receiving rental assistance through the Housing Authority of the City of Milwaukee when she decided to take control of her finances. So, in September of 2013 she attended the Make Your Money Talk program and pledged as a Wisconsin Saver. In less than 12 months, she had maximized her savings and was beginning the process of purchasing her first home.

Read more...

Receive Updates

Sign up for Texts

Written by Tammy G. Bruzon | July 15, 2014

Sign Up

Sign up for Emails

Written by Super User | September 16, 2013

Get Emails

Take the Pledge

Written by Super User | September 16, 2013

Start Saving