Buying an engagement ring can be a difficult task, there’s so much to consider! Whether it’s the style of ring or getting your partner’s ring size. But one of the most important things is figuring out how much to spend on a ring. If you’re not used to making big purchases, don’t be afraid to call the shots with your partner. Essentially, you have three choices when it comes to setting yourself a budget:
One Months Salary
This is often the ‘go-to’ budget here in the UK. It’s easy to budget for and won’t cost you a leg or an arm. However, this is also the budget set by many jewellery companies and is potentially just a marketing strategy to get you to spend more than needed. If you find a ring you know your partner will love and it’s less than a months salary, don’t worry, it’s not the be all and end all.
Budgeting To Value
For those with a bit of extra change, this type of budget could be a worthwhile investment. It essentially boils down to the meaning behind you and your partner’s relationship. If you’re a little quirky together, you may want to invest in a one-of-a-kind engagement ring, which can be costly. But if it’s one built on history and romance, you may want to consider a family heirloom – a much cheaper option!
For those sitting on their own personal throne of gold, this is the only option for you. And if you need a bit of money-spiration, check out Beyonce’s ring, valued at over $5 million, because this is the league you’re in. It’s perfect for a material girl and a great way to show off to all of your now-jealous friends.