Advertising
Advertising

How Much to Spend on an Engagement Ring

How Much to Spend on an Engagement Ring

The marriage proposal is probably the pinnacle of romantic planning. Every detail, from rose petals to candlelight kisses, revolves around that one special ring. Typically, the guys are expected to pick out the perfect ring. That’s a lot of pressure to put on men who, often, are not experts on buying women’s jewelry in the first place.

So what’s a guy to do?

Well, it all depends on if this proposal will be expected or not.

Advertising

The Surprise Proposal

This is a tough scenario. If you are completely in the dark about what her tastes and expectations are in a ring, finding the right one can be daunting. How much should you spend? That really depends on your budget and your bride.

According to weddingstats.org, the average cost of an engagement ring for 2013 is just under $5,000.

However, people spend on both sides of the spectrum. It really comes down to what you can afford, and what you feel will fit your lady’s personality and taste.

Advertising

The Planned Proposal

While I didn’t know when my man would drop to one knee, I knew it was coming. We had been talking about our future lives together from very early in our dating relationship. We actually went ring shopping in Belfast, Northern Ireland, and enjoyed being pampered by the jewelers with cushy seats and sparkling bubbly while I tried on all types of dazzling gemstones. He observed my choices and learned my taste.

Then, he took this information and found the perfect ring on his own. It made my ring much more special than if I had picked it out. It also added an element of surprise, as I didn’t know when he bought the ring or when he would pop the question.

Here are 3 things to consider when looking at the cost of the ring. (My husband did!)

Advertising

1. What price range is affordable?

While the last thing you want to do is go too cheap, you also don’t want to start off your marriage saddled with a huge debt. It’s the man, not the ring, that she is marrying. The guy who stays within a discussed budget will be laying the groundwork to trust him in other important financial matters later in the relationship. I was happy my husband was smart about his purchase and didn’t spend outside of our comfort zone. I have heard that two-month’s salary is a good indicator; but like all societal antidotal ideas, not necessarily worth following.

Before going ring shopping, ask yourself:

  • What is the earning potential of both people in the relationship?
  • Can you pay for the ring upfront from savings or do you have to finance it?
  • If you need to finance, what type of financing is available at what interest rate?
  • How fast can the debt be paid off?
  • What other expenses (wedding, house purchase, honeymoon) will you face going forward, and how will additional debt affect them?
  • How will purchasing an expensive luxury item affect pre-existing financial commitments?

While it’s easy to get caught up in the whirlwind of emotion buying an engagement ring, make sure you put serious thought into these questions and develop an existing price range before you let a smooth salesman turn your head.

Advertising

2. What type of ring best represents the woman?

Again, my husband knocked this one out of the park. Not only did he study my jewelry preferences, he went a step further and found a princess-cut setting for a beautiful single diamond. Since the translation of my name means Princess, I found that particularly romantic. He also knew that I wasn’t into flashy jewelry. I liked simple, elegant rings without a lot of extra gems. He found one single, gorgeous stone in a graceful platinum setting. Since I work with my hands a lot, my ring needed to be easy to clean and durable. He accounted for this. His ring choice fit me better than any other ring I ever tried on. Now, after eleven years, it hasn’t needed one repair and looks as new as the day he gave it to me.

Choosing the right ring means fitting it to the woman behind the ring. It means not just knowing her ring size, but knowing her heart. I am a tomboy. Rings equivalent to a mortgage downpayment make me nervous. I’m always afraid I will damage or lose them. I am more comfortable with a more practically-priced offering. Other women love to be frosted with expensive jewelry. The woman’s tastes affect the price.

3. What’s the best way to get the biggest bang for your buck?

My husband drove over two hours from our town to get to a large jewelry supplier. This supplier was able to offer him a ring without the retail markup of regular jewelry stores. Therefore, in cutting out the middle man, my ring was appraised at double the cost he actually spent on it. He stretched his dollar as far as it could go, so when he got on one knee and opened the box (complete with tiny light to make the ring extra sparkly), he knew he was giving me his best representation of his love for me without causing extra debt grief.

Buying the perfect engagement ring can be a difficult decision, but with a bit of planning, it doesn’t have to cause anxiety. Instead, the experience can be enjoyed as the centerpiece of a beautiful memory. I want to stress, a relationship doesn’t rise or fall on the cost of the ring. If it does, it certainly isn’t built on a deep enough foundation to last during the ups and downs of marriage. Whether you spend $1,000 or $10,000, the priceless part of the relationship is the love found as two hearts become one, not in the hardware. The ring is just the symbol—not the sum —of a successful marriage.

More by this author

Sarah Hansen

A corporate-sales professional turned entrepreneur

Why Am I so Unhappy? 50 Little Things That Secretly Make You Unhappy 12 Best Brain Foods That Improve Memory and Boost Brain Power 10 Amazing Benefits of Swimming You Never Knew Top 10 Questions to Ask in an Interview to Get Hired Which Dehydrator Is The Best For You?

Trending in Money

1 25 Killer Sites For Free Online Education 2 How to Develop a Millionaire Mindset in 6 Simple Steps 3 5 Books You Must Read if You Want to Be a Millionaire in Your 20’s 4 20 Better Money Habits to Help You Increase Your Savings 5 50 Businesses You Can Start In Your Spare Time

Read Next

Advertising
Advertising
Advertising

Last Updated on July 4, 2019

25 Killer Sites For Free Online Education

25 Killer Sites For Free Online Education

Whether you’re five or ninety five, the internet has a lot to offer. Particularly when the topic is education, the resources on the internet are endless.

Best of all, many high quality sites are completely free. From history to coding, excellent free online education awaits on the following 25 sites.

1. Coursera

Untitled copy

    Coursera is a website that partners with universities and organizations around the world. This brings a wide variety of topics and perspectives to one searchable database.

    Coursera is a powerful tool for free online education, and includes courses from many top universities, museums and trusts. This gives the site an extremely wide range of in-depth courses.

    Coursera is extremely useful if you’re looking to study many different topics, or want courses from different schools and groups.

    2. Khan Academy

    Untitled 2 copy

      Partnering with many post secondary schools, Khan Academy offers a useable, well organized interface. Also curating many courses from around the web, Khan Academy offers impressive depth on many different subjects.

      Among the more well known educational sites, Khan Academy is also incredibly useable, which may make it easier to keep learning goals.

      3. Open Culture Online Courses

      Untitled111 copy

        If you are struggling to find exactly the material you are looking for, try Open Culture’s listing of free online education courses. The page highlights 1000 lectures, videos and podcasts from universities around the world. The site features a lot of material found only on universities private sites, all in easy to browse categories. This means you can find hundreds of university courses, without having to visit and search each university’s own site.

        Open Culture’s list features courses from England, Australia, Wales and many state universities around the United States. A very helpful resource for finding many courses in one area of study.

        4. Udemy 

        Untitled 4 copy

          Udemy’s free courses are similar in concept to Coursera’s but additionally allows users to build custom courses from lessons.

          Working with many top professors and schools, the site mixes the customizable platform of other sites with a heavy emphasis on top quality content. This is another site however, that mixes free and paid content.

          Advertising

          5. Academic Earth

          Untitled 5 copy

            Another site with courses from many different schools is Academic Earth. Much like the three sites above, Academic Earth brings together top notch courses from many different sources, and focuses on offering a wide variety of subjects.

            Academic Earth lists courses by subject and school, so it might be easier to find what you’re looking for.

            6. edX

            Untitled 6 copy

              Another great option for free online education is edX. Also bringing together courses from many different schools, the site has impressive, quality information for everyone. edX covers a great range of topics.

              7. Alison

              Untitled 7 copy

                Unlike the previous sites on this lists, Alison is a free education site offering certification in some areas. Alison offers courses mainly in business, technology, and health, but also includes language learning courses.

                It’s a great option if users need certification for their learning as Alison also offers school curriculum courses.

                8. iTunesU Free Courses

                Untitled 8 copy

                  A very convenient place for free online education is iTunesU, because it integrates seamlessly with your iPod, or any app-ready Apple mobile device. On iPad, iPhone, or iPod touch, users download the iTunesU app.

                  Desktop users can access  iTunesU on the upper right hand corner of the iTunes Store. iTunesU is also convenient because the store is categorized much like iTunes.

                  Users can search learning materials in many different ways, including genre and topic. However, courses are often a mix of free podcasts or videos, and paid content.

                  ITunesU does include courses on a pretty wide scope of topics, but does not integrate with Android, Google or Windows mobile devices.

                  9. Stanford Online

                  Untitled 9 copy

                    Your hub for all the online offerings from Stanford University, Stanford Online offers self-paced and session based courses. While Coursera features some courses from Stanford, many classes are only available via other hosts. Some courses require iTunes, but most are completed in your web browser.

                    Advertising

                    Stanford Online is a great site for high quality courses, though the topics are somewhat limited compared to sites partnered with more than one school.

                    10. Harvard Extension

                    Untitled 10 copy

                      Like Stanford Online, Harvard Extension features free online education courses from Harvard only. This is another excellent source for top notch course material, though the course variety is less rich than multi-school sites.

                      Additionally, Harvard Extension allows you to search for courses by professional certificate. This makes it much easier if your online education goal includes certification.

                      11. Open Yale Courses

                      Untitled 11 copy

                        Open Yale Courses echoes Harvard Extension and Stanford Online, in that it offers only courses from Yale. While the site is similarly limited to topics taught at the school, Open Yale Courses offers a lot of videos of actual campus lectures. The availability of videos makes the site a great option if you’re looking for quality courses, but learn better by watching than by reading.

                        12. UC Berkeley Class Central

                        Untitled 12 copy

                          Much like the other schools on this list, UC Berkeley has a variety of free online education options. The school has slightly fewer courses than the schools above, but includes some supplementary lectures, webcasts and RSS Feeds, making it easy to keep up with the topics you choose.

                          13. MIT OpenCourseWare

                          Untitled 13 copy

                            Similarly, MIT offers a variety of free courses. The school has a comparable number of courses to the schools above, plus includes very in-depth course materials on the subjects available. MIT also offers free RSS feeds, a convenient way to continue learning.

                            14. Carnegie Mellon Open Learning Initiative

                            Untitled 14 copy

                              Carnegie Mellon’s free online education site is comparable with the other school’s on this list, however, Open Learning Initiative also covers a smaller range of topics. But for the topics that are covered impressive, in-depth material is available.

                              15. Codecademy

                              Untitled 15 copy

                                Codecademy is a website dedicated specifically to teaching coding. Where other coding sites follow an example/practice session workflow, Codecademy includes a live practice window. This means you can practice coding while still viewing the lesson material.

                                The courses at Codecademy are well written and easy to follow and the website is organized very nicely. Codecademy features a centralized dashboard where you can monitor your progress, plus organizes lessons into complete modules. This lets you learn an entire language without needing to pick the next course manually.

                                Advertising

                                16. Code

                                Untitled 16 copy

                                  Code is another website focused on coding and app writing. A site with high quality courses, Code also features learning options for kids.

                                  In addition to kid friendly courses, Code offers free online education classes on a wide variety of technology topics. These classes include app writing, robotics and Javascript.

                                  Most of the courses are also geared in a such a way that they can be useful in a classroom setting. This makes Code a great resource for harder to find coding topics, as well as various learning settings.

                                  17. University of London Podcasts

                                  Untitled 17 copy

                                    The podcast page on the University of London website is another great source for free education. While the courses are limited to podcasts, the site features podcasts from it’s own campus, as well as eleven universities in and around London. This gives learners a wide base of topics and lectures, but still ensures in-depth material.

                                    18. University of Oxford Podcasts

                                    Untitled 18 copy

                                      Similar to the University of London, the University of Oxford features many different podcasts. Most are public lecture series or lectures from visiting professors, with several different recordings available.

                                      The advantage to this particular site is that podcasts are organized into series, making it easy to subscribe to multiple lectures on one topic. Another good site for thoroughly in-depth lectures.

                                      19. BBC Podcasts

                                      Untitled 19 copy

                                        For the more casual learner, the BBC offers a wide variety of podcasts on many different topics. Most podcasts are updated weekly, and focus on everything from finance, to sports, to current events.

                                        Through the World Service line of podcasts, there are also many in different languages. The focus of these podcasts are less in-depth and theory based, which may be more accessible to the average person.

                                        20. TED-Ed

                                        Untitled 20 copy

                                          Another great destination for more general learning is TED-Ed. From the same people that brought you the all encompassing, motivational web series, comes a site chocked full of educational videos. Most include impressive animation, and all are ten minutes long or less.

                                          Not only is TED-Ed an excellent site for the curious, it also includes supplemental materials and quizzes on the videos. This makes the site extremely useful in formal education settings, as well as in entertaining ways to brush up on new discoveries and topics.

                                          Advertising

                                          21. LessonPaths

                                          Untitled 21 copy

                                            LessonPaths is another great tool for those looking for a more usable and convenient way to access learning material. On this site, users create link playlists of their favorite learning materials from other sites. Users then rank these collections, making it easy to find many different high quality, accessible sources on a given topic.

                                            22. Memrise

                                            Untitled 22 copy

                                              Another impressive free online education site offering ease of use and convenience is Memrise. Available both on desktop and as an app, Memrise is a particularly powerful tool if you are studying a language. The site encompasses many other topics as well, though some of the course material is user generated content.

                                              Part of what makes Memrise special is their integration of games into the learning materials, mixing learning with entertainment.

                                              23. National Geographic Kids

                                              Untitled 23 copy

                                                The kids site for National Geographic is another site that makes free online education applicable for younger users. For those looking for kid friendly education, a large variety of games, puzzles, videos and photos keeps kids interested on this site.

                                                National Geographic Kids doesn’t organize learning into courses, making materials available by topic and medium instead. This makes National Geographic Kids a good option for those looking for a more casual learning environment.

                                                24. Fun Brain

                                                Untitled 24 copy

                                                  Fun Brain is another good option for kids who want to learn online, but focuses on games and fun puzzles. Particularly focused on math and reading, Fun Brain’s game based approach can be valuable if the child in question struggles to pay attention.

                                                  Fun Brain offers rewards and challenges as well, and is another site aimed at a casual learning experience for kids K-8.

                                                  25. Whyville

                                                  Untitled 25 copy 2

                                                    Similar to the sites for kids free online education is Whyville a destination for preteen online learning. The site includes a variety of social features, with a focus on learning materials geared for young teens.

                                                    Whyville also mixes in educational games, to make the site a well rounded option for kids too old for simple games, but too young for heavy reading based material.

                                                    More About Online Learning

                                                    Featured photo credit: Dai KE via unsplash.com

                                                    Read Next