Wedding And Engagement Rings
Why Splurging an Engagement Ring Is Not a Good Idea
A ring says many things…but don’t spend too much for one ring
With the current generation of Internet and social media where people can easily show off anything, men who are thinking to pop the big question to their girlfriends may be burdened with the pressure of buying an expensive engagement ring. According to surveys made by American Express, an average guy spends around US$5000 per engagement ring. Some big spenders may be spending more than that, but there are also those who think that US$2000 is a lot more reasonable price. But whatever your price bracket is, an engagement ring is often an expensive purchase.
However dropping of thousands of dollars to purchase an engagement ring is not a very wise idea. Anyone who is thinking that the diamond engagement ring that they purchased could be a good investment could be blinded with false information. Very few people know that diamonds are overrated. Little did they know that as soon as they walked out of the jewelry shop, the value of their purchase has already decreased. It can be likened to buying a car where the value would always depreciate. If you can afford to spend thousands of dollars, then you can splurge all you want. Just make sure to look for the 4 C’s when buying the diamond. And that is clarity, cut, colour, and carat. But if you have a shaky financial situation, then I suggest you work on your budget carefully. This is important to make sure that you will not be having financial problems even before you start to build the family of your own.
The safest strategy when buying an engagement ring is to choose the piece that you can afford to pay in cash. Jewellery shops would offer credit card purchases. But remember that it is difficult to plan a wedding if you still have debts to pay. So to avoid unnecessary debts, never use credit card to purchase an engagement ring. Another good idea to follow so that you will not have to spend too much on engagement ring is to use family heirlooms. Not only is it practical but it is also a romantic way to propose. Remember that it is not the price of the ring that is important but the depth of the love that you have for each other.
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