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Entity advises on how much to spend on engagement ring

If you’re already at this stage in your life, then congrats. Weddings, along with houses or cars, are all pretty big deals.

So naturally, figuring out how much to spend on an engagement ring is also a pretty big deal. There’s no hard and fast rule for how much cash to drop. But we hope that these tips will leave you a little less in the dark.

1 you don’t need to overdo it.

Entity advises how much to spend on engagement ring.

Bottom line: let’s leave the really big rings for Drake and his really big team. There’s a huge stigma around engagement rings having to be huge and showy. But it’s still just a ring. A ring that can easily be lost or, like in “Stuart Little,” stolen by flirtatious, little canary while doing the dishes.

Besides, if you spend all of your money on a ring, how will you pay for the wedding? Or more importantly, the fancy dinner you’ll have when she hopefully says yes.

Traditionally, the rule goes as this: spend three months salary on the engagement ring. This is not an official rule, and will obviously be different for everyone depending on their income. But that’s the general rule of thumb.

2 see what your fiance has in mind before spending your life savings.

Entity advises on how much to spend on engagement ring

You never know. Your fiancé could surprise you when it comes to their beliefs surrounding engagement rings. There have been numerous conversations as of late on the topic of splitting the cost of engagement rings.

But if you don’t want to ruin the element of surprise, just bring it up casually. Or maybe you have a Carrie and Big situation on your hands, in which case you can use a shoe instead of a ring.

3 if you really need to know how much to spend, there’s an app for that.

Entity advises on how much to spend on engagement ring

This engagement ring calculator  can give you an estimate on how much to spend if you really need a concrete number. But don’t forget to take style into consideration as well. Nobody’s going to want to be seen in an ugly-looking ring.

Hopefully, if you’re planning on proposing you have at least some idea of what your partner likes, so you should be fine.

Basically, don’t do anything that will break the bank. Financial stress can put a damper on marriage, so don’t go too overboard on the ring.

After all, it is just a ring.

Edited by Kayla Caldwell
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