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Ask any married man how he felt about proposing marriage and he’ll tell you it was a nerve-racking experience. There is indeed much to consider prior to popping the question, not least the cost of the ring, and with that in mind, here is some advice that should help you to prepare a suitable budget for a diamond engagement ring.
Keep Within Your Lifestyle
If you are a man who has three top end cars in the driveway and a holiday home in the Algarve, your budget will be much higher than that of the average working man, and your budget for the engagement ring should reflect your lifestyle. Of course, one doesn’t want to appear to be miserly, yet your wife-to-be would not feel good about you getting into serious debt in order to present her with a stunning diamond ring. You can check out diamond engagement rings from Diamonds.co.nz as they have a wide range of diamond engagement rings that suit every budget.
The best way to calculate the budget for an engagement ring is to strike a balance between your current financial status and your fiancée’s expectations. If she wants only the best, regardless of your financial situation, perhaps she is not the one for you, and by actually discussing this with her, you should be able to reach a happy medium. Most women in this situation, would not want their fiancée to stretch themselves too much financially and would be quite happy with a lower budget ring if it meant not going into debt.
The Two-Month Salary Rule
This is somewhat outdated, but many people believe that the suitable budget for an engagement ring is two months’ salary. If, for example, you make $3,000 per month, then you should be looking at rings in the $5-6,000 bracket. Of course, there are diamond engagement rings to suit every budget and by sourcing a reputable online jeweller, you will have an extensive selection to choose from, and it is more important that your partner likes the ring than the actual cost.
A Joint Decision
For many couples, choosing the engagement ring is a joint decision and unless you are planning to surprise her, why not discuss the up and coming engagement? This way, you can find a ring that she likes at a price you can afford and everyone is happy. If you both look at engagement rings, this will ensure that she likes the ring and she will also know the price, so there are no nasty surprises for either person.
You should resist the temptation to purchase something that you simply cannot afford, bearing in mind, you will both have considerable expense with an up and coming wedding to pay for, not to mention buying a house. Assuming you want the ring to contain diamonds that are certified, there is a certain price involved, but you should also consider that purchasing diamonds is an investment that will appreciate over time.