Want to know about budgeting an engagement ring before you purchase it?
Guide to Budgeting for an Engagement Ring
may not sound romantic, budgeting for an engagement
ring is an important part of wedding planning. Budgeting for an
engagement ring will allow you to carefully consider how your money
is spent. Buying your engagement ring online is one of the best ways
to stretch your ring budget. How do you budget for an engagement
ring, and how can you get the most for your money? Buying an
engagement ring will be one of the major purchases you make in your
lifetime. You don't want to make a mistake, and you want to spend
your money wisely. At the same time, you definitely want a beautiful,
quality engagement ring that shows how true your love really is.
How does one budget for an engagement ring?
with Engagement ring budgeting has nothing to do with being cheap. In
fact it will help you to plan correctly your budget to be able to
afford a very expensive engagement ring.
start budgeting for an engagement ring, there are a few questions to
much can you save each week for a ring? Each month? Answer this
question truthfully and it will be of special meaning to you to save
on avoidable expenses for the most important ring of your life.
Finalize on your payment plan, full payment or installment? If you
are opting for full payment, then you'll have to save more. A payment
plan will offer some leeway, for installment payment plans decide on
the frequency of payment and time per
planning for a payment plan, the most important parameter is the
interest to be paid. Adding the interest on an item can sometimes
cost more than the actual item and you'll end up paying more than if
you'd saved enough to pay for the ring all at once. If possible,
you're always better to pay for the ring all at once or choose a good
installment payment plan with affordable interest rate.
an expensive ring important? Finally, the issue of how much to spend
when you buy engagement rings. Don't bankrupt yourself when doing
this, but don't overlook the importance of the engagement ring to
your betrothed either. While the industry standard has been to
suggest two months salary, this is far from a rule that is set in
stone. Try comparison shopping online. The nicest thing about
shopping on the Internet is that you can look at what the jeweler has
to offer comfortably, without a sales person hovering over you. It
also saves you money on fuel.
have found an answer then, you'll know how to start budgeting for an
When should I start budgeting for an engagement ring?
The time to
start saving is once you decide to get married. Plan to set aside a
specific amount of money from each month's salary. Your saving
depends on how much you want to spend on the ring, and on the amount
of time until the ring is needed. The sooner you start budgeting for
an engagement ring, the more the money you will have for your ring.
budgeting for an engagement ring, compare the prices for types,
stones, setting, online and retail. Shopping online for a ring can
help make the process easier to search for rings within your budget,
weeding out those that are too costly.
an engagement ring
doesn't mean you have to sacrifice quality, if you budget and plan
properly you will have the money to buy a ring of your dreams.