Asking someone to marry you is about little more than the actual question – and the, hopefully, positive answer. While it is completely up to you how much you want to spend on the engagement ring as well as the wedding, many prospective married couples would like to know how much others usually spend on theirs.
The trend has been climbing upwards lately, though, and it’s good to know what to look for when you’re about to buy the ring of her dreams.
Here is a quick guide to what you should look for in an engagement ring as well as a few rule-of-thumb myths debunked.
What does an average ring cost?
Buying the perfect ring is not getting any cheaper, that’s for sure. On average, couples spend a whopping $6,163 on their diamonds according to The Knot’s Real Wedding Study from 2016. They even say that the prices were on an all-time high last year, climbing with 3 % from the previous year – and there’s no reason to believe it will be any less costly in the coming years.
It seems like an unachievable dream to some, so it’s good to keep in mind that your SO will be thrilled no matter the price tag. As long as it comes from the heart and is in a style she’d like to wear, it’s no point chasing after the most expensive ring.
What are the ‘rules’ on how much to spend?
While we’re on the topic of price tags, we might as well debunk some myths on engagement ring ‘rules’ with regards to how much they should cost. You may have heard a few of these before but if you haven’t, make sure to brace yourself.
One month’s salary used to be standard, meaning that you should spend one month gross income on the perfect ring – but, as mention above, the trend is spiraling upwards and people seem to think two or even three month’s salary is the way to go.
It would mean a ridiculous amount of money spent on something you would have enjoyed more, such as your honeymoon, your wedding – even a new apartment if you were to spend three month’s salary! It’s just not realistic. Have a long look at http://diamond-treasures.com/4_diamond to debunk even more myths around rings.
How can I make it a bit less?
We work to earn a living, and it’s no wonder frugal couples would like to avoid paying this amount on an engagement ring. If your prospective wife-to-be is particularly frugal, she’d probably slap you silly for spending three month’s worth of money on it in any way.
Luckily, you can find a lot of fantastic sites online to browse through as well as reviews, so start by having a look at http://yourdiamondguru.com/reviews/helzberg and work your way through other selections to find the perfect one.
Cut costs a bit by giving up a fraction of the carat size as a slightly smaller one won’t even be noticeable to the naked eye, and read up the wonderful world of the 4Cs of engagement rings.
Consider your financial situation first as well as your partner’s expectations and you should be able to find a price tag for a beautiful ring that is within your limits.