Two-to-Three-Month-Salary Rule Outdated?
For years it's been a common belief that you have to buy your significant other an engagement ring that's at least one month's worth of your salary. A specific company invented this marketing strategy during the Great Depression to get more sales for diamond engagement rings. Other companies adapted to this marketing mindset and increased the ideal estimated price to two months. Some even increased the price to three months' worth of salary. This has worked for quite a long time. However, is this unwritten rule still applicable today? How much should an engagement ring cost?
Buy an Engagement Ring on a Budget Here
There are various places where you can buy a nice engagement ring for your partner. If you have no idea where to start, visit London Gold . This will give you a rough idea of the price range for engagement rings. If you still haven’t saved up some funds for the ring, this will give you an idea of how much to save up and how long you need to do this. Of course, if you’re looking for a budget-friendly engagement ring, London Gold has superior quality that your future spouse is sure to love.
Beauty on a Budget is Possible with Designer Stones
London Gold’s designer stones are both kind to your budget and aesthetically pleasing. We have a variety of choices for you to pick from, and we guarantee that you’ll find a gorgeous ring your partner will fall in love with.
Tips to Get an Engagement Ring While on a Budget
Buying an engagement ring for your significant other can be quite a challenge. This is especially true if you have no idea how to check for prices of jewelry. This section will give you some tips to get you going and finally circle in on the best choice for your partner.
Set Your Budget
Assess your spending habits, income, expenses, and willingness to spend a certain amount before you buy an engagement ring. You don’t have to follow the two-month or three-month rule when setting a budget. Simply set a budget that’s reasonable for you. Whether you need to save up for the money first or use the money that you have on hand, that should not be a problem.London Gold also offers financing options. What’s more important is that this engagement ring should make you feel comfortable financially.
Determine the Style
If your partner doesn’t have any particular preferences when it comes to engagement ring styles, consider going for pre-set rings. This will not only save time, but also save money in the long run. After all, the jeweler does not have to customize and design a ring which will incur additional costs.
Get the Ring Online
Make sure to check out reputable online shops like London Gold to ensure that you will not fall victim to different types of scams, and that you are getting a natural diamond that is certified by GIA or a reputable gemology lab.
Consider Splitting the Cost
If you know your partner well and they don’t mind not having a surprise proposal, this tip may work for you. This is a good choice if you want a specific engagement ring for your partner but can’t afford the cost right off the bat. It will depend on both of you how to split the cost.
Aside from helping you get rid of some financial constraints, this approach will also enable you to get the perfect engagement ring for your partner. After all, you may choose the ring together. This can even serve as a good bonding activity for you.
Get That Engagement Ring Today
You don't have to get something that's way beyond your budget. If your partner really cares for you, they wouldn't even mind the price of the engagement ring that you'll buy them. More than the overall cost of the engagement ring, simply the thought of being with you for the rest of their lives should be good enough already. You may consider the engagement ring a bonus — especially if it's a London Gold ring! Check us out today for a ring that will make you and your partner happy.
References:
- https://www.vogue.com/article/buying-engagement-ring-avoid-mistakes
- https://www.brides.com/story/ring-shopping-before-the-proposal
- https://www.brilliantearth.com/news/a-guys-unbiased-guide-to-engagement-rings/