Skip to main content

5 best ways to decide how much to spend on an engagement ring

Proposing marriage to the person you love is a life-changing experience. The nerves of waiting for them to say "yes" are quickly replaced by the hope that they will love the ring you chose. Deciding how much to spend on an engagement ring is always a personal decision. We've put together 5 tips for making the right engagement ring decision for your finances

1. Salary and an engagement ring

A commonly cited rule of thumb is that an engagement ring should cost one to three months of your monthly salary. What is this figure based on? Suppose you earn 2,000 euros a month and you are ready to ask the question. The recommendation is two months of salary, so it would reach 4,000 euros. 
Above all, however, the ring is a romantic sign of your commitment to your partner, so consider their thoughts about it. Have you ever commented that you wanted a luxurious ring? Or do you prefer simple ones and will you like something less flashy? With this information, you can advance by calculating what type of ring you can pay with your salary.

2. Calculate your expenses realistically

Let's go back a moment from the "golden rule" and take a perspective of your life situation. Are you struggling to cover your monthly expenses? If so, it is wise to completely forget the supposed rules and think in terms of what you can afford.
Make a budget for the engagement ring as you would with any large expense, because at the end of the day (aside from romance) it's just that: a beautiful gesture. Many jewelers allow installment payment plans for engagement rings, so it might be a good option for you. Don't forget to read the fine print and make sure you are not paying a large premium over the original price.

3. Hang the ring receipt

When you buy the perfect engagement ring facebook, be sure to consider the worst case scenario to protect your money. It may not be the right style, or it may not be the right time to take the next step. Whatever the case, it's a good idea to buy the ring from a jeweler who has a return policy or at least exchange options. It is important to know before making the purchase of the ring.
For that reason, keep all your original receipts and certificates in a safe place. It is advisable to consider doing any customization as engravings later. Even ring size adjustments (especially if done in a different location) can make the ring non-returnable. With any large investment, it is essential that you have buyer protection.

4. Don't forget the wedding expenses

Your dreams came true and the answer was "yes". Congratulations! Remember to consider this when calculating how much you should pay for an engagement ring because the next step is expensive: the wedding. Many women, and also men, dream of the perfect wedding day. Of course, do not go ahead and start deciding how you will pay for the place and the flower arrangements.
However, it is the likely next step after engagement, so keep this very important fact in mind. For that reason, the budget for an engagement ring should also include an idea of ​​your plans for the next year or so, including a possible wedding and perhaps other great purchases like a new home for the happy couple.

5. Reconsider if you want a diamond ring

Finally, consider what type of ring you would like to get to ask the question. It hasn't been directly mentioned, but a diamond ring has probably been assumed to be the way to go. The history of diamond engagement rings does not go back to ancient times. It is actually a fairly new phenomenon that has been brilliantly marketed over the years.
Alternatives to diamonds are growing in popularity, such as colored gemstones like emeralds or rubies. Or even white sapphires, which have a diamond-like beauty without being so expensive. Regardless of what you decide, it would be wise to find out your partner's expectations if you are unsure. Choosing a ring together is also an option, but remember to set a high price in advance and be careful in managing expectations


Popular posts from this blog

What to inspect in a house that we want to buy?

Buying a home will always be an important commitment for your personal finances. Therefore, you cannot leave anything to chance or settle for incomplete information about the property that will be your home. On this occasion, we will evaluate what you should inspect before buying a house . How the Home Inspection Process Works? A home inspection represents an opportunity for you to hire an expert to guide you through the process. In addition to indicating the possible defects of the house, he will be in charge of preparing the report on the current conditions of the facilities, what needs immediate repair or what will require maintenance later. The importance of the inspection lies in what it can do for the buyer. It tells you in a concrete way the level of care that the property has received during the owners' stay since its occupation or construction. If you are not satisfied with the general condition of the house, you can ask for a reduction or ask the owner to take c

Certified pink diamonds: everything you need to know

The certificate could be compared to the pink diamond identity card. It is the document that gives us all the information about it and allows us to understand its real value. It is this gemological certificate that distinguishes one stone from another in a way that makes them unique and unmistakable, just as it happens with our ID. It was not until 1970 that gemological certificates and, therefore, certified pink diamonds appeared. Since then, it is a document of vital importance in the sale of pink diamonds by retailers, although it is also an essential reference for pink diamond and merchants in the sector. How to know the price of a pink diamond?  A gemological certificate provides accurate information about the pink diamond's measurements, its depth, the percentage of the surface, the possible fluorescence or its unique internal characteristics. However, contrary to what you might think,  the certificate does not give information about the financial value of the

What is the price of security garage doors locks?

The garage door and, especially business, are increasingly equipped to prevent theft, interference or breakdowns of any kind. The constant innovation or the best training in human teams causes almost guaranteed success when hiring certain systems of locks. Why is a good garage door lock important? A garage door , although equipped with an excellent material, is not enough if it does not have a system of locks or security locks adapted to avoid intrusion or unwanted garage doors presences.  More and more homes and companies are looking to invest in these highly profitable protection systems that provide high peace of mind to those who hire them. In this way, having a security system of locks or  garage door s makes it a success in economic and security terms for all customers and users. What is the price of security locks? When investing our money in bolt systems for garage doors or windows we must take into account that the price can vary considerably depending on