Basic Considerations for How Much to Spend on an Engagement Ring

The old adage of spending two month salary on an engagement ring is no more than an arbitrary guideline established by the jewelry and diamond industry. When budgeting for a ring, it is important to take different factors into consideration, including:

* Upcoming expenses including living costs and a new household.
* Cost versus quality of the engagement ring.
* Ring maintenance such as cleaning, resizing, shipping fees, and warranties.
* Reputation of the jeweler.
* Cost versus how closely the ring matches the bride-to-be preferences.
* Income and earning potential of both individuals.
* Credit histories and what an expensive luxury purchase may mean to other financial commitments.

There is no simple formula for deciding how much to spend on an engagement ring. The key is for a couple to work together to set guidelines they are both comfortable with and that will not made them broke before reaching the altar.

Our Selected Items

Beveled Edge Brushed & Polished Tungsten Carbide Ring (7.0 mm) - Size 8.5 (Je...

Beveled Edge Brushed & Polished Tungsten Carbide Ring (7.0 mm) - Size 8.5 (Jewelry)
By Chisel