Diamonds versus Debt
We are at the beginning of August and one paycheck into the month. I was pleasantly disappointed at my inability to produce large volumes of cash this past month, as a large chunk of my paycheck is going towards my wedding rings. This almost $4,000 purchase is a money hoarder, and I tried without success to sell a few pieces of jewelry I owned to get the cost down. I have to put a deposit down by the end of the month, and because I would like to avoid having to make monthly payments, I am probably going to end up putting as much down in cash as I can and putting the rest on a credit card. This is a decision I am not happy about but I want to avoid having my credit run and having a subsequent “soft pull” on my record. I wish I was able to sell more personal belongings to raise $$$, but unfortunately it is time consuming and not everyone wants gently used clothing. I also should note that as I have been paying down my Citibank card, they have been gradually ...
