Did you know, the average American spends almost $8,000 on an engagement ring?
Although buying an engagement ring is one of the most personal purchases you’ll ever make, it’s worth getting some advice on how much to spend.
In this article, we’ll dive into the tricky question of how much do you spend on an engagement ring? Let’s get started!
Many Will Advise You to Spend Three Months Salary
It’s very likely that you’ve heard this before! Of course, if you are worried about money, then you may want to adjust this figure accordingly.
It’s been said that this figure was simply plucked from thin air by marketing companies to encourage people to spend more on diamonds.
But if your fiancé is a traditionalist, then they may appreciate that you’ve spent such a significant chunk of change on your proposal.
Consider an Alternative Engagement Ring
If you’re worried about this high price and know that your partner isn’t amazed by diamonds, then consider an alternative engagement stone.
For example, man-made diamonds are much, much cheaper than “real” diamonds but look identical. Check out these boho engagement rings.
Alternatively, why not choose your partner’s birthstone or forgo the diamond completely! This will reduce how much you need to spend by a few thousand.
Consider Splitting the Cost
If you and your partner are a modern couple, then why not propose sans ring? By doing this, you can then visit an engagement ring shop together!
If you already share a home and finances, then your partner may appreciate being involved in this large purchase.
Before you propose, why not ask your partner about their jewelry tastes? Not everyone loves a diamond!
Save Money in Advance of Your Spend
If you have the inkling that you want to get married soon, then it’s a good idea to start saving.
No matter whether you want to spend just $500 or $5,000, it’s important to have the money ready to go when you see the perfect ring.
While you’re at it, it’s also worth saving for the big day! A wedding is another expense that will have you stretching the dollar bills. But, we all know that if you get it right, it’ll be one of the happiest days of your life, no matter the cost!
How Much Do You Spend on an Engagement Ring? That’s Entirely up to You!
Unfortunately, there’s no clear answer to the question of how much do you spend on an engagement ring!
But, hopefully, you’ll know your partner well enough to judge what they’ll be happy with. If you’re not sure, it’s always a wise idea to ask a close friend or parent of your beloved for advice before you sink a load of cash!
Have you found this article helpful? Don’t forget to check out the rest of the website for more wedding inspiration and tips!
