Buying an Engagement Ring

How to Buy an Engagement Ring on a Budget

In most modern marriages in the United States, one person – it’s usually the male in male-female relationships – provides a well-crafted engagement ring to the other at the time they ask their partner to marry them.

Since engagement rings are expensive, you need to exercise caution and be as careful as possible when shopping for the pieces of jewelry. Check out more things you should keep in mind when shopping for and ultimately buying an engagement ring.

After deciding that you are ready to propose to your partner, you need to set a budget for how much money you can spend on purchasing an engagement ring. It’s important not to overspend on engagement rings because, as a bad investment, lose their value a few years on down the line.

You’ll benefit from planning your engagement ring budget as soon as possible because you shouldn’t experience any roadblocks on your journey to save up enough money to purchase an engagement ring.

Ultimately, you can spend however much or however little money you want to spend on an engagement ring. If you do, in fact, want to go with the flow of the rule of thumb that suggests that an engagement ring should cost roughly eight weeks’ pay. Keep in mind that you and your partner are the only two people responsible for making sure that getting engaged and eventually married will be fun and enjoyable.

Even people who earn salaries well over six figures each year feel like they need to borrow money to come up with the most luxurious engagement ring that they can possibly afford. One way to get more bang for your buck when it’s spent on jewelry, specifically an engagement ring, is to make sure the piece of jewelry you’re purchasing isn’t plated with the most expensive precious metals possible. For example, you should consider plating pieces of jewelry that you’re thinking about purchasing with white gold instead of platinum. They largely look the same and you won’t be forced to fork over money for the most expensive precious metal that is currently traded on financial markets around the world.

One thing that we pride ourselves in is being flexible in extending creative financing agreements to people who are looking to buy engagement rings. As long as your credit is approved, you can split your engagement ring’s cost into equal portions each month over a 12-month period. We even help our customers reserve engagement rings of their dreams via layaway.

No matter what type of engagement ring you’re looking for, our team will make sure that you end up with a stunning piece of jewelry at a market-low price.