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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.

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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.

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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!)

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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.

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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.

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Sarah Hansen

A corporate-sales professional turned entrepreneur

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Last Updated on June 1, 2020

10 Reasons Why Following Your Passion Is More Important Than Money

10 Reasons Why Following Your Passion Is More Important Than Money

Elite Daily have got some great points as to why you should chase down your dream job, regardless of how much the wage is. If you’re feeling unfulfilled in your career, maybe it’s because you’re on a path that doesn’t connect with your passion? Maybe it’s time to steer right off that road and take a different route:

Money is a very powerful thing, it builds empires and breaks down kingdoms, it allows for dreams to come true and it takes others away, it makes some people happy and others completely miserable. Today the pursuit of money is almost directly linked to the pursuit of happiness, many will argue that money = happiness.

However, this is inherently problematic as this mindset leads many people to stray down a path that doesn’t best suit them. When people choose their careers, they are sometimes blinded by money and so choose to follow the paper trail. Although money is great and can buy us all the things that will temporarily make us happy, no amount of money can buy time. Time is our most valuable asset and it is something, that while on this earth, we should spend most wisely. You shouldn’t feel like you’re mindlessly wasting your life away

This generation is particularly in trouble because jobs are scarce and many of us will be stuck doing jobs we hate just because we need money. Although this may be the right move for our careers now, this shouldn’t be something we do for the rest of our lives. it is best we search for something we are passionate about. Here are the 10 reasons why you should follow your passion and not the money.

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1. Working for money may seem like good enough motivation for one to keep at their career.

Every morning Monday through Friday you go to work 9 to 5 sitting their punching away the hours stressing about the work at hand. This is not a way to enjoy your life. Working for 8 hours a day 5 times a week at something that makes you miserable is not the way you live life to the fullest.

Many people who choose careers that don’t make them happy will tell you that they would all do it differently if they had the chance. You only have one life, so don’t waste it working somewhere you hate just because of the money.

2. You’re more passionate about the work you are doing.

There is nothing worse than having to wake up every morning during the week to mindlessly go do work you don’t even care about. However, this is never really an issue when you are passionate about the work you do. If you are not forced to work somewhere because of monetary constraint, you truly enjoy what you do and you never really work a day in your life.

3. You can relate more to the work and come up with better ideas.

Being forced to do work is one of the most draining experiences. While there are times at every job where you may feel the work may be draining and dull, you have to realize that not every day is going to be an enjoyable one. There are highs and lows, but when you are passionate about the work you you look past the dull days. Your creative process is also different. You are more inclined to come up with creative ideas when you like what you do.

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4. Work doesn’t feel like it’s forced upon you.

When you value money over your overall health and your passion, you will find yourself in an endless cycle of misery. Work no longer becomes a career or a journey, but more of a  taxing nuisance on your mind and body that has to get done.

Every day that you go to work with this mindset you begin to hate your job more and more. While many people feel that they must work hard to retire and have money to enjoy themselves, what’s the point of enjoying yourself in your later years when you spent your life being miserable?

5. No matter how much money you make, nothing will help you overcome the feeling of doing something you hate.

Many accountants come into corporate America, put in reckless hours during the week and make a great paycheck on pay day. Many of them have all this money piled up, but they never really get to enjoy the fruits of their labor because their labor takes up most of their lives.

Many of them hate their jobs because they aren’t really passionate about what they do. Is there a worse feeling than doing something you hate? Eventually this hatred will cause stress and in the long run, it will have lasting effects on your health.

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6. You are more inclined to work later hours.

When you work somewhere that you are passionate about, putting in later hours isn’t as much of a burden as it is when you don’t like what you are doing. To you, putting in the extra hours doesn’t hurt as much because you don’t feel like you are forced to do it, which makes the experience that much more enjoyable.

Every industry has a busy season and without a doubt there will come a time when you will need to put in the extra hours. Will it be easier for you to work longer on something you can relate to or something you can’t stand doing?

7.You are willing to go above and beyond the call of duty.

Certain obligations at your work will require you to go above and beyond the call of duty. In certain times during the busy seasons, you may be asked to do certain tasks that are not part of your everyday schedule. It is much easier for you to put in the extra work if it’s something you actually care about. Because you are passionate about your job, you will be willing to put in the extra effort to go beyond what is required of you.

8. No obstacle will stop you from achieving success.

When you really enjoy what you do, nothing will stop you from getting your work done. Because you are passionate about what you do, you feel unstoppable and nothing can obstruct you from achieving greatness. Your passion ignites your work, and like a rocket, it accelerates you past road blocks that may come about. Any obstacle that comes your way is accepted and fought off with a creative solution.

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9. Our working careers will consume most of our lives, so we might as well do something we enjoy.

You will spend a majority of your life working and there is no other way around this fact unless you are born into a wealthy family or marry rich. For the rest of us who weren’t fortunate enough, we will be spending a good portion of our lives working in order to make ends meet.

There is no way around this, so we might as well accept the cards we are dealt. Many people go about this the wrong way because they feel like work is something they have to do rather then something they can enjoy. Once you realize that your career should be something you enjoy, then you will lead a more happy and fulfilling life.

10. You will get more fulfillment when you finally make it.

There are few feelings better than achieving a level of success you set out for yourself. Nothing like crossing off your bucket list of goals you set out for yourself to achieve. When you finally reach the pinnacle, it is that much more enjoyable knowing you got there doing something you love. Remember work doesn’t have to be something that you hate doing, stay true to yourself and always do what makes you happy.

The 10 Reasons You Should Follow Your Passion And Not The Money | Elite Daily

Featured photo credit: Randalyn Hill via unsplash.com

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