How Much Should You Be Spending on an Engagement Ring?

Trying to decide how much money you want to spend on your engagement ring is something that takes a considerable amount of thought. After all, you don’t want to spend too little on something that means so much to you and your partner. At the same time, you don’t want to ruin your budget and your finances over a ring or two. Because of this, it can be quite stressful trying to figure out how much you should be spending on your engagement ring.

Thankfully, there is a general consensus about how much money one should spend on their engagement rings. This should make things much easier for you and your partner.

Budgeting For Your Ring

Generally, when you are planning out your budget to buy one of those gorgeous engagement rings you can get from jewellers in Brisbane, you will want to set off about two months’ worth of income for the ring. This allows you to spend an amount of money that corresponds with your job so that you won’t be over or under budgeting for the ring itself. By saving up two months’ worth of your wage, you should have more than enough money to begin planning for a ring that will make your loved one happy.

While you are planning for the ring, there are a few things that you should keep in mind. For one, you will want to be able to talk to the experts about choosing the best ring. This might mean consultations with the ring makers, which isn’t always free at first. You will also want to set aside some money for potential adjustments as well. You will always want to be prepared on the off chance that the ring won’t fit or that your loved one won’t like a particular aspect of it. If it makes you feel more comfortable, you can set aside about three months’ worth of your wage so that you have a bit of a barrier for these happenings. No matter how you decide to do it, you can be rest assured knowing that the sufficient time spent preparing and planning the design of the ring will ensure that your loved one will appreciate it.

Knowing What You Want

Another trick to saving money when you are getting your ring is that you should know what your loved one will want in a ring. If you can, you will want to know what his or her ring size is so that you can reduce the risks of the ring not fitting. You will also want a good idea of what colour of metal to use and what kind of stone setting for the diamond would work best.

When you know all of these things in advance, it will reduce the chances that you will need to talk to an expert or get changes done to the ring, saving you as much money as possible.