Oct 30, 2014

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How Much to Spend on an Engagement Ring

It is time to pop the question and you now have to begin thinking about the engagement ring. If you are unsure about how much you should spend on the engagement ring, you are not alone. Many first time brides and grooms find it a challenge to figure this out. We are going to make it easy for you. Here are some of tips that many couples have found helpful. The one you choose to use is solely based on your budget and what works best for your situation. There are absolutely no rules that say this is how much you should spend on an engagement ring.

Word on the Street

Word on the street is that you should spend a month’s salary to three month’s salary on an engagement ring. However, you have to determine if this is practical for you. Some couples that have a lot of debt may choose one month’s salary. They can always upgrade the ring later once debt has been eliminated or paid down. If you do not have any real concerns about debt and have the means to purchase a ring equal to three month’s salary, it is your prerogative. Still other industry professional’s think it is a good idea to spend the average cost of an engagement ring. This would mean you would have to find out what the median price range is for the type of engagement ring you are thinking of purchasing. You will be surprised to find that the best engagement rings in Chicago are offered around the same price, with a few variations in the type of ring. However, just remember that even if the median price for the type of engagement ring you’re interested in is over budget, opt for another option. These are just suggestions that other couples have used as a guide to help them with their purchase.

Two are Better Than One

Since there are no hard-set rules about purchasing an engagement ring, you can make up your own. Some couples have pulled their resources together in order to purchase their ideal ring. This is something that a lot of young couples choose to do because they do not want to start out their marriage with a whole lot of debt, especially if they are still trying to pay off previous debt. With a plan, couples can purchase some of the best engagement rings in Chicago at prices they can actually afford.

When you are looking for the best engagement rings in Chicago, visit Christopher Duquet. They always carry a large selection of beautiful engagement rings.

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