Ready? Follow along:
1) Get engaged
2) Buy a nice ring when you're both single with great incomes
3) Have a random person ask if you'd remember to insure your ring
4) Insure your ring (Cost: something like $100/year)
5) Get married
6) Have children
Now for the important step:
7) lose your ring. Really lose it.
8) Turn the house upside down
11) Have bad dreams
12) Remember about the insurance policy
13) Find the rare opportunity when both children are sleeping at the same time
14) Call the insurance company and explain your stupidity.
15) Fifteen seconds later, learn that a check for an absolutely enormous amount of money is on its way to you. I can't believe how amazing my company was and how great they were to me. I was totally honest about losing the ring and evidently "Stupidity" is covered on our policy. They reimbursed even more than what we'd paid for the ring since they reimburse for what it would cost today.
The thing is, the amount of money we spent for a ring when we were childless and had two incomes is way more than I could ever justify spending now. So we're going to easily make our January savings goal. February's, too.
My plan is to put the whole check ($8,700.00) towards our equity line debt. I'm giving myself $3,700 to use for a ring whenever I feel like shopping for one. I plan to look at some of the great estate sales to find a "pre-owned" set - thusly avoiding the "blood diamond" issue and also increasing my buying power.
But for now I'm just sinking it all towards our debt and plowing forward as if it hadn't happened. We'll still aim to make January and February the old fashioned, non-stupid way. And when people think I'm an unwed mother, well then I'll just fit in with my neighborhood all the better. :)