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Pawn That Engagement Ring!
You both thought two months salary would last forever…but it never got that far. But just because your heart is broken doesn’t mean you have to break the bank staying financially afloat during this recession.
These days ‘the pawn shop’ is online. The site IDoNowIDon’t.com has seen record site visits and “a banner month for product sales,” says the owner. One ex-fiancee hawked her $30,000 five-carat, Bulgari-inspired engagement ring online and fetched $18,000 to help her pay off debts and start a new company.
This might just pertain to New York State, but the Daily News says the law is that the engagement ring belongs to the man until the couple is married, at which point it becomes the property of the woman. (Good to know before you start selling!)
We’ve hawked Christmas gifts from ex-boyfriends, so we totally get it. But what about the guy who just saw $30,000 of his money, not to mention dreams of a life together, go down the tubes? Might some men who aren’t as sure of their decision to propose hold off, or opt for a cheaper engagement ring?…
Want to read the rest of this article? Visit YourTango.com.
–Written by Jessica Wakeman for YourTango.com
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I sold a ring to http://www.EngagementRingCycling.com after trying but failing to sell it on IDoNowIDont. Unless you have a lot of time on your hands I wouldn’t recommend that site.