This is probably one of the big questions you should ask yourself before asking the actual big question.
But the good thing is that you don’t need to stress over the answer to this because the answer is subjective and will depend on your ability. That’s something to be thankful for, isn’t it?
Don’t be bothered by people who said that they spent $10,000 on their diamond engagement ring. Well, that might be true but that doesn’t mean you should too. If you cannot afford that, then there’s nothing wrong if you don’t do that. It’s that simple.
The truth is that your marriage is not dependent on the ring you give before getting married. Some people are happily married who had to pass on the engagement ring.
But if you are deciding on giving your future partner an engagement ring, here are a few things to consider so that you can know for sure how much you should allot to purchase an engagement ring.
- Allot a budget
The tried and tested method for this is the simple 2-month formula. That is to use a total of your two month’s worth of salary as the value of the ring. And that would be a lot if you are shopping around Vancouver engagement rings.
But of course, if you cannot afford it, you can still change the rules slightly by reducing it to at least a month’s worth of salary.
- Get to know who you’re giving it to
To be fair, if you can afford luxury engagement rings, go all out. You’re not just giving the ring to some stranger. Remember that gifts are also a sign of your love and commitment to the other. And an engagement ring is no exemption.
Show your love and devotion by getting her the best ring that is not just pretty but will also mean a lot to the both of you.
Try to understand her expectations. You know her best and see if she will be happy with either price point.
- How much meaning it has
Some people treasure the thought more than the gift. If your would-be partner is that sort of person, then any gift of any price point will be enough for them.
When giving them a gift, make it as meaningful as it can be so that the value of it will be priceless.
As you prepare to settle down with someone you love, make it a point to be practical in your decision. After all, you wouldn’t want to go into marriage with debt. Choose the best decision and it will go well with the two of you.