What Should I Spend on an Engagement Ring?

And

Should I Propose with an Engagement Ring or a Promise Ring?

Choosing the right approach to an engagement ring and proposal can feel overwhelming. It’s a personal decision that depends on your values, your partner’s preferences, and your financial situation. Fortunately, there are no hard and fast rules.

Here are some thoughts to guide you:

How Much Should You Spend on an Engagement Ring?

 The traditional advice of spending two(2) or three(3) months’ salary on an engagement ring is outdated and doesn’t reflect modern realities. Instead of focusing on a specific dollar amount.

Here are some factors to consider:

Your Budget:

The most important thing is to stay within your budget. You should be comfortable with the amount you spend without going into debt. Remember, the value of the ring lies in its symbolism and meaning, not in its price tag.

 Your Partner’s Expectations:

Has your partner expressed any preferences when it comes to rings? Some people may have specific ideas, whether it’s a modest design or a desire for something more extravagant. Others might not be concerned with price at all. Consider these preferences when deciding what to spend.

 Alternative Options:

Many couples are now choosing alternative stones, such as lab-grown diamonds, sapphires, or other coloured gemstones, which can be significantly more affordable than traditional diamonds. Vintage rings are another option that can offer great value and unique style.

Ultimately, spend what feels right for you and your relationship. It’s not about how much you spend; it’s about the thought, effort, and sentiment behind the proposal.

 

Propose with an Engagement Ring or a Promise Ring?

 Another common question is whether to propose with an engagement ring or a promise ring.

Here are the pros and cons of each option:

Engagement Ring Proposal:

Traditionally, an engagement ring is the symbol of commitment and love. It marks the beginning of your journey toward marriage. If your partner values tradition or has been dreaming of a proposal, the engagement ring might be the right choice.

It’s a gesture that signifies you’re ready to take the next step.

Promise Ring First:

For some couples, proposing with a promise ring (or even without a ring at all) might be more meaningful. This could be a thoughtful choice if you want more time to plan the engagement or if you’re not ready to purchase a more expensive ring yet.

A promise ring can symbolize your commitment while still leaving room for future planning. You might propose with a promise ring now and upgrade to an engagement ring later when you’re financially ready. Some people also choose this route if they want a more personal, less public declaration of love before the big engagement.

Proposing with a promise ring also gives you the option to shop for an engagement ring together.

This allows you both to be involved in selecting the perfect ring that fits your budget and style preferences.

What’s Right for You?

 If your partner expects a traditional engagement:

Go for the engagement ring.

If finances aren’t quite there yet or you’re unsure about timing:

Consider proposing with a promise ring or even a heartfelt declaration, stating that you’ll choose the engagement ring together when the time feels right.

Ultimately, the most important thing is the love and commitment behind the gesture. Have an honest conversation with your partner about their expectations (if you haven’t already) and your shared vision for the future. This will help guide you to the right choice for your relationship.