When should you spend on an engagement ring?

Top 5 questions to ask yourself if you’re wondering how much to spend on an engagement ring:

1) How much can I pay without getting into debt?

The worst thing you can do is saddle your bride-to-be with too much debt. If you don’t have the cash in the bank to buy the ring, then think about saving to buy it first, rather than putting it on credit. This will save both of you a lot of anxiety in the future.

2) What is your salary for 2 months?

This should only be used as a guide to what you can potentially save. However, there are many less expensive options, such as purchasing a ring with an alternative gemstone to a diamond.

3) What is your girlfriend’s personality?

Not every girl wants a fancy, over the top big diamond. Some girls like simplicity. Also, it is wise to consider the size of your hands. Girls with smaller hands can pull out smaller diamonds. Alternatively, if your girl has large hands, she may need to consider something larger, so the ring doesn’t get lost in her hand. As mentioned, you could choose a stone other than a diamond in this case.

4) What kind of career does your girlfriend have?

If you use your hands a lot, you may feel more comfortable with a flatter, less flashy ring. In this case, she could get away with spending a little less money.

5) What kind of career do you have?

If you’re still in school, it’s completely understandable that you’d spend less on a ring. However, if you are a high-end lawyer or real estate agent, you are expected to spend a little more. Not that you should go by expectations, but sometimes there is an image attached to success. This is probably the reason why Hollywood stars sport million-dollar rings.