How much you spend on an engagement ring or wedding ring is a personal decision and should reflect your values. It is good to take into account the average cost of the engagement ring. Traditionally, the cost of an engagement ring is three months` salary, but that number has dropped significantly in recent years. No size, brand or type of diamond metal is more important than celebrating your love and commitment. Buying an engagement ring or wedding ring is stressful. I hope you now feel better equipped to make this decision. Men can choose an expensive gold band with diamonds that costs more. Or there are tons of unique and affordable options in alternative metals and materials (cost as little as $20). Once you have decided on the look and metal, it is advisable to consider the type of wedding ring you want. Will it be just a group? Will it be an alliance set with diamonds? Some couples like it when the wedding ring stacks completely against the engagement ring, while others prefer to make their own statement. A classic wedding ring would be great if no space between the two rings is desired. Eternity, the plateau of canals or simply, the choice belongs to you again.

Just talk to our gemologists and they can advise you if a ring is flush with the wedding ring you have chosen. Another point to consider is the width of the two rings. It would be great to do that as well. Because at no point do you want one ring to eclipse the other. In other words, men who adopted and popularized the two-month-pay rule had fewer expenses and other priorities. James Allen is the answer to your diamond problems. They sell certified diamonds up to 40% below the sale price. Plus, their quality guarantee means you can shop with confidence, knowing you`re getting a nice ring at a great price. You`ve probably heard the « three months` salary » rule, which says you should spend three months of gross income on an engagement ring. Few people know that this policy began as a marketing initiative that helped diamond traders increase their sales at the beginning of World War II.

While it started as a one-month salary rule, this term has grown to two and even three months` salary. It is highly unrealistic, especially since it takes into account gross income rather than net income or inflation, rather than the debt burden. No matter what jewelry ads want you to spend, it`s never a good feeling to spend the first few years of your wedding paying for the engagement ring. Translation: Feel free to ignore this outdated budget « rule » of the engagement ring. I find the car rule very interesting. And watch the whole passionate debate! Third, check out our expert tips for further stretching your diamond dollar. For example, you can follow in the footsteps of Lady Gaga and Meghan Markle and add a trendy sapphire to your engagement ring. Opt for a three-stone ring; and explore one or both options in a Halo engagement ring style that makes each diamond bigger. Ultimately, the best way to know how much to spend on a wedding ring or engagement ring is to know your ring budget. There`s no reason to go into debt when there are size, style, and complexity options that suit any ring budget. Maybe you have other goals for your life together – a new home, paying off student loans, or saving for the kids at the same time.

Perhaps, like a growing number of new couples, you`ve seen research on the effects of experiences versus material things, and you`re spending a larger percentage of your budget on occasions like travel or mutually pleasurable hobbies. With that in mind, engagement ring budgeting is so different today than it was two or three generations ago. Here, too, we express our opinion. I find the 3 months` salary rule ridiculous because I think we can do a lot more together with this money. At the same time, I drive a $70,000 car and earn $130,000 a year. Yes, you will blame me for not following your 1/10 rule (this is fine with those who are not financially responsible). I am happy and comfortable in life with my investments. There`s no way I`m going to spend $30 on a ring. We can use it for a deposit on a second home or to finance our wedding. If you really have no idea what style she likes, then it`s even a good idea to let your girlfriend choose her own engagement ring.

That way, she has a say in what she likes instead of you blindly guessing. Delany-Ron advocates online shopping to make sure you get a good price and product and avoid margins in store. « The total savings you can achieve by buying online can be 30% to 50% less than a regular store, » she says. « Plus, with the huge selection, you can make sure you`re getting the right diamond and ring for you and your budget, and don`t get pushed into something the store has in its jewelry case. » Not only do online shopping offer significant savings on engagement ring costs, but they also allow you to customize the ring to make sure your partner gets exactly what they want. Below are more tips for buying an engagement ring online.