As antiquated notions go, the rule of spending the equivalent of two month’s salary on an engagement ring just about tops the list. The old adage made sense in its time, over 60 years ago, to a depressed wartime market in the 1940s, but in this new millennium, times have changed. Lifestyle alterations have been nothing short of dramatic and most recently, the worldwide economic fallout has affected everyone across the board. Money’s tighter, expenses are higher, and planning one’s future has become that much more difficult. With this in mind, buying an engagement ring can seem like a frightening prospect. Alas, it isn’t so. By taking the time to find out what you can comfortably spend and what your fiancé wants, you can quickly ease the tension involved in such an important purchase.
Decide On a Reasonable Amount
While two months’ salary is a simple equation to apply, it is in no way a reflection of what is necessary to spend. Perhaps that amount of money is just not available to splurge on a diamond. Your fiancé will never demand you spend a certain amount on the ring, so it’s in your hands to determine a budget that works for you. Sacrifices may be inevitable, but the fewer you need to make, the better. Think clearly and realistically when determining your budget. Therein lies the compromise between making your partner-to-be happy and not allowing yourself to go broke in the process.
Find Out What She Wants
While the ideal romantic scenario of surprising your fiancé with her engagement ring may be shattered, in the end, getting her what she wants is so much more important. If you decide to have her involved, you can experience the joy of looking for a ring together. Even just finding out what she likes will get you going enough so that you can do the rest. Ultimately, whether you forage for the ring together, or on your own, make sure you know what you’re looking for. Ask her, ask friends, ask your future mother-in-law and get all the advice you can. Knowing what you want is always the first step to finding it.
Know About the 4 Cs
Researching diamonds is easier than ever, and understanding the 4 Cs will make you feel like an expert when you find the right ring. The 4 Cs refer to cut, carat, clarity, and color. These four factors are what affect the price of your diamond. Also keep in mind the choice of metal for the setting, as some are far more expensive than others. By balancing each of these characteristics, you’ll find a beautiful ring that she loves, for a lot less than you ever expected.
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