How Much Should Be Spent On An Engagement Ring
Everybody likes to give the best to their partner. This is the same when choosing an engagement ring. You want to propose using the most stunning engagement ring out there. But sometimes, the best comes with a certain price tag in it. You might be asking yourself: “how much should be spent on an engagement ring?” In this article, you will know the answer to that question.
These are some of the rules you can use as your guide:
Three Months’ Salary Rule
The most popular rule for this is the three months’ salary rule. In this rule, it is said that you need to find a ring with a value that’s equivalent to your three months’ salary. If you think of it, this may be a bit high for others.
One Month Salary Rule
If spending three months of your salary is not your thing, you can opt for the one month salary rule. In this rule, you will purchase a ring that’s worth a month of your salary. De Beers started this rule in the midst of Depression era. This idea stuck until today.
In Between One to Three Months’ Salary Rule
There are those who think that three months is just too much and a month of salary is just too economical. For them, they just spend at least two months of their salary on the ring. This is perfect for those who want to spend a little more without having to break the bank.
The Average Ring Cost
You can spend the average cost for an engagement ring. Let’s say if the average cost is $1000 then you’ll also find a ring that’s equivalent to that cost. With this amount, you can opt for a custom made ring which can be designed based on your budget. Check the Certified Diamond Network Google+ Profile if you like some design inspiration. They also offer custom design services to their clients.
Forget The Rules
Remember that the rules discussed above are not written in stone. That means you don’t have to necessarily follow any of them. Spend what you are comfortable to spend and don’t get tied up on any rule.
The rules discussed will guide you on how much you should spend on an engagement ring. Always remember to set a budget and spend what you’re comfortable to spend for a ring. It’s not the price but the thought that matters most.