We’ve been living paycheck to paycheck for years now. We’ve always managed, we have a happy family. This month everything that could have gone wrong did. The car. The house. Our health. Etc so of course, extra expenses. We ran the marathon of a lifetime to come up with the money, uber, selling items, going to food pantry, calling for utility help. Now, our Nipsco will be cut by the end of the day. Our account is negative so we’re pushing hard, but I’m looking around to see what else to sell and they only thing left is my ring. My husband custom made it with his father who passed away, but I’m watching him just fade away into the stress. What would you do?
We’re behind on bills and my only option is to sell my wedding ring but husband doesn’t agree, should I do it anyway?
r/Advice
Comments
Behind his back? That ring represents his late father. Find another way or risk everything.
Sell the ring. Your husband is more important. Consider it an investment in your family’s well-being, not a loss. You can always find other ways to honor his father
Used jewelry goes for Pennie’s on the dollar, you’ll always regret selling
Selling the ring is not going to actually solve anything. Selling the ring will only give you enough money to live for a short while. After that, then what’s the plan?
The main issue is that you don’t make enough money to afford your current life style.
If it was me, I would do the following:
2)the only bills that you should be paying are utilities, rent, basic food and gas for cars.
a) all subscriptions other than an absolute basic cell phone plan
b) ALL eating out
c) I would stop paying on any debt
d) if you have a car that is worth more than about $3,000, I would sell it and get a cheaper car
e) if your rent plus utilities is more than maybe 50% of your take home pay, I would look for a cheaper place to live
f) no one is getting new clothes. If you need clothes, you can find free/very cheap stuff on Facebook marketplace
If you sell the ring, I would bet money that you will regret it AND be in the same exact financial position within 3 months
I truly wish you the best of luck.
Idk what led to your situation or what your job status are but selling the ring doesn’t solve that you can do what you like but youre gonna get maybe the small amount the gold is worth and that’s about it and it won’t even be market rate
In a high stress situation, you should pay only for the “4 walls,” which are the things that keep you afloat to fight another day:
Shelter
Utilities
Transportation
Food
Everything else is on a temporary hold. That means streaming services are paused… not paying on the credit card, car loan, etc. . This is an emergency situation.
Do not sell the ring. You’ve sold everything else and yet here you are. Selling the rings brings you right back to this spot in two months or so?
Do not sell the ring.
Especially with a family investment in it.
He will thank the hell out of you down the road when you get things together. Sorry for your troubles.
Is pawning it an option, rather than an outright sale? Are there any local charities that offer emergency grants in your area?
Do you have parents who can help out?
Your husband is going to see this as his failure. My heart is breaking for him.
Something is not being said here. There are cash flows that can be changed if not lifestyle is out of whack along with earnings to the negative.
It probably has way more sentimental value than anything. I wouldn’t do it. It’s an act of betrayal. Have you gotten the ring valued?
Don’t sell it. You won’t get as much as you think for it anyway. Have you looked into assistance with your gas bill? When we hit hard times we owed over $800 on our gas bill and they let us set up a payment plan. It sounds like you need to cut expenses in general though. How often do you guys sit down and go over your income and bills?
Don’t sell it. The day will come when you’re no longer struggling and you’ll regret it more than anything you’ve ever done. No one can ever become rich enough to buy those things back.
Are you both working? Any chance of a cash-based side job like cleaning?
Local Facebook groups almost always have people who want to help a neighbor.
He will never Forgive you
Pawn shops offer loans. Use the ring as collateral.
Don’t sell the ring. Are you in major credit card debt? If so, file for bankruptcy
Don’t sell that ring. It would be so meaningful since he made it with Dad. That is not the way. Pray, ask God to make a way. He will.
Nipsco is your electricity?
Wedding ring is worth almost nothing.
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Custom rings don’t sell.
They’ll offer you gold prices for it – maybe $200 tops. That might feel like a lot of money now, but you can’t replace the ring for that and it won’t even help you break even. Don’t sell the ring.
I’ve been in your situation and it sucks. I’m sorry you’re here.
Honestly, if you start a GoFundMe to help get a bit ahead and share it, you’ll make more than you would selling the ring.
If you’re donating blood, I’m guessing you’re in the US? If so, is either of you able to donate plasma? Could your husband donate sperm?
Do you have skills that you could market- such as tutoring primary school kids from home? Selling home baked goods? Work as a VA after hours? Are there any drug trials you would be suitable for? Can you do yard work or cleaning? Foot pics? Used underwear?
I have a friend who makes simple dinners for friends and family. She plans out a simple weekly menu and lets them choose from 2 options for each day. Some people order 2 nights a week, others 7 days. Simple things like chicken breast and greens, beef curry and rice etc
He needs to hit a temp agency and also learn a new skill/trade.
You won’t get enough to make any difference!
You won’t get the money it’s worth for it, don’t do it. You’ll regret it 🙁 I’m so so sorry, you and your family deserve to have enough
Do you own your home? Would you call and get a forebearance
What’s a nipsco? Can you get a credit card? I’d take on debt before selling that ring. Pawnshops & jewelers won’t give you what it’s worth and you’ll pay close to double to get it back IF they don’t sell it 1st. If you’ve always been in good standing with your bank, look into getting a loan & paying it back in monthly payments. Also look into cash advances through your jobs. Not all businesses do them, but you won’t know unless you ask.
Never sell that ring.
Pawn shop will give you a loan and you have 3 months to pay the loan off.
Realistically that ring will fetch 200 IF THAT and only if good quality gold. Diamonds are worthless. Is his dad worth 200 to you? If ya leave this man you dont love him
Don’t sell it. Look for a credit card that offers no interest for 12-18 months. Use it as little as possible. Look for something that offers points and figure out how to play the points game. Mine offers cash back on some purchases, for example. But be careful Better than selling the ring or taking out a title loan.
If you’re a stay at home mom, it’s summer, lots of people are juggling child care needs. Can you take on watching another child or two from your community during the day for cash, casually?
If you’re in a hot area, you might be able to save on electricity during the day by taking the kids and gong to your local library for a good while to stay cool and no run the AC. They always have kids areas. Libraries also function as mini social services, so it’s always good to make connections with them.
I recommend keeping that- every keep sake I’ve sold I’ve always regret- it’ll never be enough money. Personally selling electronics works more for me. I sold my partners switch back in the day and my Nikon for a big chunk.
If you sell that ring, you will fill regret later, followed by a lifetime of resentment from your husband.