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Saturday 20 October 2018
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How Much to Spend on an Engagement Ring

How much to spend on an engagement ring is a personal decision but considering these factors will help you come up with a price you are comfortable with.

Image Source: Pixabay

When you are ready to pop the question and want to make sure that you have an engagement ring that your significant other is sure to love, then you likely have a lot of questions about how to choose the perfect ring for her. Before you go shopping, it is important that you decide your budget and how much you are willing to spend on the ring. While everyone is going to have a different price range that they are comfortable with, knowing what to take into consideration when planning how much to spend will help you plan for this major purchase.

Think About Your Financial Situation

If you are in a position where you are going to be able to save the entire amount of the engagement ring, then you may be able to spend a little more. People who have to finance the ring and are going to make monthly payments need to consider if their finances are going to change in the future and what they will do about paying for the ring.

Consider Her Expectations

If you haven’t yet talked to your partner about the type of ring that she wants, then now is the time to visit Brisbane’s leading professional jewellers and look at different styles and cuts. You may need to save more than you thought for the engagement ring of her dreams, or you may be pleasantly surprised at the lower cost of the ring she wants.

Look at Options

Once you know what kind of ring your significant other wants, then it is a good idea to consider other options. You can drastically change the cost of a ring by making the stone a little smaller or changing the design on the band.

Think About Your Future Plans

If you both love to travel or are thinking about buying a house in the near future, then you may want to consider spending a little less on the engagement ring. On the other hand, if you know that you are both happy working and staying in your current home, then you may feel comfortable increasing your budget a little to get her the ring of her dreams.

The best way to make sure that you don’t over or underspend on an engagement ring is to have open communication and talk about what you both want. This will ensure that you don’t spend more than you are comfortable with and that you are both happy with the ring.