What Is A Normal Amount To Spend On An Engagement Ring?

Popping the big question soon and searching for the best engagement rings? To begin a remarkable journey with your significant other, you must be wondering about ring etiquettes. The price, the style and whatnot. Non-conventional couples can make their own path and do whatever they want, whereas others are confused about the budget limits and making good use of the internet to find a doable amount for a diamond engagement ring. Let's dive deep into the topic and find out the average spending amount you need to be working around.

What is The Rule of Thumb For Engagement Ring Cost?

One of the most common myths regarding the price of the ring is to spend three months' salary on it. Alternatively, you can make a tailored budget, which is discussed in the next section to find an engagement ring which is close to your heart and easy on your pocket.

What Should Be The Average Budget?

Some spend a lot less and some spend a whopping amount on buying the big rock. It depends on every individual's preferences and of course the financial situation. The average budget should be decided based on the following factors:

• Average Diamond Size: If you wish to go with the national average, then you have to buy a ring with at least 1.12 carat size of diamond studded in it.
• Average Cost: When it comes to the amount US public is spending on engagement ring, then the average is close to $7000.

You are not bound to follow the national average. It is important to discuss the ongoing liabilities with your fiancée and be mind about the budget. You can always find affordable options in trendy engagement ring designs that are brilliantly crafted to cut down the cost.

How To Cut Down The Cost Of Engagement Rings?

An Engagement Ring in diamond is going to be expensive. When the 'traditional average' amount is too much for you then pick a ring with a lower range of color and clarity. When you are ready to compromise with the clarity, you can find a larger carat without breaking the bank.

If you are already dealing with debts or mortgages then following the average cost is not a smart choice. For affordable options check out the stunning collection at True Romance Bridal. The online store has affordably priced engagement rings for girls and engagement rings for men.

Source Link:- https://www.nairaland.com/6914492/what-normal-amount-spend-engagement

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