Some say that a home is where you make it…
However, reality is that we get attached to our homes and they end up being a place where memories are created and live forever.
Instead of a house being a shelter (as they’re intended) they become our identity.
Thus, when it’s time to sell a home it’s an extremely difficult process for people – some of us have simply become too attached and we believe that there is only ONE home.
In America we have this affinity for material possessions; we simply LOVE stuff!
We love stuff so much that we work our hands to the bones to get it.
We love stuff so much that we go into debt for it and we sacrifice our family’s futures for it.
What about wedding rings?
A wedding ring is a symbol of one’s love for another. It can also be interpreted as a physical sign of one being married.
Wedding rings have been around for ages and it’s believed they date as far back to the Pharaohs in Egypt. However, the dual wedding bands (husband and wife) didn’t become popular in the United States until the start of World War II.
So, how important are they? Is a wedding ring simply another replaceable material possession or do they have true significance and ancient cultural meaning?
Considering we didn’t even adopt the dual-band marriages until the 1930s, and understanding our culture and affinity for “stuff,” I’d tend to believe that a wedding ring is simply another material possession.
Well, the reason I ask is because my wife got her ring appraised last week. We wanted to make sure it was properly insured considering it’s been a couple of years since I bought it.
The value of the ring has gone up over 60% in the past 3 years!
We’re not loaded by any stretch of the imagination, but I was making decent money when I bought the ring and the increase in value (alone) could nearly pay off our smallest student loan!
I mean…come on…we’re trying to get out of debt, right? If you haven’t been following this blog, I’ll just tell you that’s been our focus and primary goal for the past 5 years.
We’ve taken extra jobs and worked like crazy people to get out of debt more quickly.
We’ve sacrificed and cut our lifestyle for the sake of the ‘debt free’ journey.
We’ve even avoided going further into debt because we hate it so much.
So why not sell the ring and get us that much closer?
I could be mistaken, but I’m pretty sure I could find another ring without looking very hard. It’s like the whole house thing: there is one on every corner.
My wife wouldn’t even have to go without a ring for long. We could sell the current ring, use the profit to pay down debt, and then buy her a replacement ring (granted…it would be a lesser ring than what she has now).
Better yet, we could wait a few years until diamond and gold prices go back down and buy her the exact same ring all over again! Then she wouldn’t have to take a lesser ring at all and in the meantime I could get her something from one of those cracker jack boxes!
Readers: what say you?
This blog has a fair amount of female and male followers, so I’m excited to see the thoughts from both sides.
Would you sell an item (any item…not just a wedding ring) that had gone up in value and you knew you could easily replace it? Especially if it meant that selling the item would get you 10% closer to achieving your long-anticipated goal?
Or, have I just gone off the deep end? Ladies out there, would you smack your husband if he even considered an idea such as this?
Check out the follow-up post I wrote about the psychology behind these decisions, why I wrote this post, and how the results/feedback turned out: The Emotions Behind Our Spending Habits & Material Possessions
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