What to do w/ money from selling rings?

Mrs.Paz

I'm finally getting around to selling my jewelry from my first wedding and FI and I are trying to decide what to do with any money from it. I have my rings, diamond earrings, pearls, and my dress, and his ring. We don't expect just a whole lot from all this, but every bit would help.

A friend of his already suggested using money from his old ring to pay for mine, and my first thought when I decided to sell mine was "Oh, now we can up the budget for my engagement ring!"  Nevertheless, we're both curious with what is "proper" use of this money.

I told him I'd do a poll:

lindaloulubbock

If it were me, my first choice would be to pay off any debt from my marriage, so if my CC debt were from my marriage, I would want to clear that first.   I left my first marriage with a significant amount of debt, and I don't like that that is now something FI has to deal with.

Beyond that, I don't know how I feel about that.  I am saving my jewelry for my daughter, to it's not something I've had to deal with.  I'd probably feel strange putting it towards my engagement ring or honeymoon--like somehow my XH tainted those things, KWIM?

MikesAngie

It's hard to say if I would have used money from the sale of items from my previous marriage to fund our wedding.  When I was looking to sell those items iand other jewelryt was because I was waiting on a decision about my unemployment and had expenses that I didn't want my now DH to be responsible for.  Should the XH continue to stalk and harass me I will sell those items to cover court expenses (filing fees and such).

It depends on whether or not you and your FI are comfortable using the money to help with either your engagement ring or wedding expenses.  If you both are then use the money for that.

nmauser82

I would use it to pay off some debt. I'm a sentimental type and I wouldn't want my new engagement ring to have any connection what-so-ever with my ex. This is a new life I would rather use that money to eradicate anything remaining from the old life.

shytownkelly

I am keeping mine for my daughters.

But I'd vote for paying off debt. 

Actually I'm ALWAYS in favor of paying off debt first. 

Sarahkayfa

This came up in my relationship as well. My partner said he wouldn't feel comfortable using the money from the sale of my jewelry to buy an engagement ring (either in whole or in part) So I'll be putting that toward things I need to take care of, not wedding related or glamorous, such as parking tickets and the like. 

Sarahkayfa

This came up in my relationship as well. My partner said he wouldn't feel comfortable using the money from the sale of my jewelry to buy an engagement ring (either in whole or in part) So I'll be putting that toward things I need to take care of, not wedding related or glamorous, such as parking tickets and the like. 

butterflyroy78

MY FI refused my old wedding set to use towards my new one. He did not feel comfortable with it. I voted to put it in savings, but as a pp said, paying down existing debt is very important.

Kimberly0402

My mom is getting married 2 1/2 months after us. She has been with her FI for almost 10 years. Her wedding band and engagement ring has been in the saftey deposit box. She has decided to sell the gold (18k) from the band and the ering setting and then the diamond is going to be made into a pendant for me to wear on my wedding day. My mom's feeling is that the marriage "didn't work, but she got 2 beautiful children from it."  The diamond is also antique and over 120 years old, so she wants to keep it in the family. She has also said, the diamond has always been mine, so why not enjoy the diamond while she is still alive.