How to Set a Budget for Engagement Ring

As the passion for tying the knot builds up, you want to start putting feelings into action. One of the ways to show that you are getting ready to walk down the aisle is to flaunt an engagement ring. Well, various options come to mind, including the Moi Moi - Pink Diamond Engagement Rings available in the market today.
However, it is also important to know that any wedding accessory comes with a price tag. Traditionally, the engagement ring has been the first wedding expense. However, how best can you set a budget for this accessory? Read on to find out.
Forget the Advertisers and Social Media
Many people believe that the size and price of the engagement ring reflect the level of love and loyalty of the couple. However, forget about the information you see on the social media and the commercials, as most of them are marketing gimmicks. Therefore, before you zero in on Moi Moi - Pink Diamond Engagement Rings, here are some points to keep in mind.
The Value of Diamond
A diamond is a precious commodity and many people consider it an investment. However, when you are shopping for a diamond engagement ring, the purpose is not to invest money. Going for the highly priced diamond rings will simply drain your resources and put you in debt. The best thing to do is to buy a ring within your financial capability. See more here Moi Moi Fine Jewellery
Myths to Bust
There are common myths related to the engagement ring budget, which you need to debunk before you decide on what you want to spend on your diamond engagement ring.
  • Myth #1: You should set aside a given amount of money for the ring. In fact, you’ll hear of ‘two or three month’s salary’ for the ring. However, that may not reflect your individual financial situation and may just be illogical.
  • Myth #2: Spend what everyone else spends. While many people would advise you to go by the average cost of the diamond, that cost keeps changing based on several factors. In shopping for a personal engagement diamond ring, do not follow the tide. Look at your goals and means and choose what works best for you and your partner.
Consider Shopping for the Ring Together
According to relationship statistics, more than half of engaged people surprise their partners with the engagement ring, especially when they propose. What this means is that most couples have no idea about what their partners would want in an engagement ring. This further complicates the budget. To make things easy for you, try shopping for an engagement ring together. This provides a better picture of what your spouse really wants, which will eventually inform your budget decisions.
Talk About It!
Alternatively, you can talk about the ring together and determine what is suitable for both of you. For example, you can talk about size, style, cut, or cost together to lead you to a specific direction with your budget. Before you decide on the Moi Moi - Pink Diamond Engagement Rings, consider whether the style will override the size, or whether the cut would be essential than clarity.
With these facts in mind, you tweak your budget to meet your best requirements. Visit http://www.moimoi.com.au/category-created-pink-16.aspx

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