There has always been great debate on how much a man should spend on an engagement ring. Most people have heard of the stuffy three-month salary rule, which thankfully has been put to rest. For most men, spending three months of their annual income would set them back considerably – or worse – accrue them debt. For some couples, adopting the two-month or one-month salary rule is more in line with their finances.
Some couples are even opting to share the cost of the ring. This may be seem too unconventional for some men and/or couples, but when you are building a life together it usually means you are sharing finances – so, if it makes more financial sense for the both of you to contribute to the cost, then why not? And by sharing the cost, this could result in the purchase of a nicer engagement ring.
Another approach is to spend the average cost of a ring. In 2014, the average price point that couples were spending on an engagement ring was $5,855. With that being said, only go this route if your financial standing can support this median price tag.
How to Break the Rules
Purchasing an engagement ring should never cause you financial strain, and that is why it’s important to make a purchase that is in line with your income. We are not suggesting you go the cheap route, as an engagement ring symbolizes much more than dollar signs – a purchase of this magnitude deserves thoughtful consideration, and should be viewed as a worthy financial investment. You want to present your special lady with an engagement ring she will love, and there are ways to do so without breaking the bank.
Custom jewelry is an option for those that want to create a special ring, at an affordable price. Custom allows you to save on the metal, and focus on the setting. Not to mention there are stunning engagement rings that cost well below the average figure we mentioned above. With some careful deliberation on your part, it is possible to find a beautiful engagement ring that works at any income level.
Scroll down to see a list of our beautiful Majesty Diamonds engagement rings in a wide range of prices!