Monday, 14 September 2009

How much should i be prepared to spend?

A lot of the time, people will be stumped on how much they should spend on engagement rings for their beau.
Often the saying that people base their expenditure on is that the ring purchase value should be the equivalent of 2-3 months salary. But this to me seems quite nonsensical, as one man's wages is certainly not equal to another man's monthly salary. It's all very much dependent on your financial circumstances at the time of purchases.
There are people who can happily spend $3,000-$5,000 on a palladium or platinum engagement ring and not batter an eyelid. Then, again this large sum of money can seem out of the reach of many people, who are struggling just to pay the rent and electricity bills. If the latter is the case for you, then there's always the chance that you can get your ring on credit, just be careful to read the contract careful whichever company you choose to go with, and understand the risks and what you're entering into.

However, you may find that the ring you're looking at is somewhat less conventional, and thus has a lower price tag with it. Say an engaement ring under $1500. If this is the case, you need to think carefully about what your loved one will say to such a ring, if they are not materialistic then it's fine. But if he or she has always dreamed about something that sparkles then it may not be the best propositional ring for that person.

Whatever, kind of ring you decide upon, you should first determine your budget and if you're going down the route of financing the purchase make sure you get the best deal out there on the market. After you've found something suitable and at a good price, all you need to plan is where you're going to pop the question.

2 comments:

Saptarshi said...

pave diamond ring |
----------------------
That's an excellent post,very informative.Hope everybody will take benefit form it.we have to be selective in choosing jewelry.your post will serve our this purpose easily.
Thanks a lot for this writing.

Used Rolex Watches said...

Great info, coming up with a budget is important when making a fine jewelry purchase. I know most people want to spend the world on a piece for someone they love, but you have to be realistic and buy what you can afford.