If you are thinking about popping the big question anytime soon, you will want to be sure that you are fully aware of how much should you spend on an engagement ring. The fact is, a lot of people are misinformed when it comes to spending on an engagement ring. The truth is, there are no hard set engagement ring rules to follow. A majority of the decision is going to rely on several factors including your significant other’s expectations and your financial situation. The primary goal is to find a ‘happy medium’ between the two. Below, we will be going over some of the top engagement ring calculator tips.
Engagement Ring Calculator Tips:
The biggest thing that you are going to want to factor into your budget is your financial situation. You want to take a hard look at your entire financial situation to ensure that you are not overspending based on what you can actually afford. It is imperative to not overspend because you do not want to put more strain or stress on a potential marriage between you and your significant other. No one that deserves your love is going to want you to go through unnecessary financial hardship or stress for an engagement ring. Thus, you will want to factor this first and foremost into the decision making process. By factoring this into the equation, you should be able to come up with accurate numbers to input into your engagement ring budget calculator.
Another factor that is likely going to need to come into play is your significant other’s expectations. Ideally, you want to figure out what your significant other expects out of the proposal and whether or not they are going to be satisfied with a specific ring that you might be looking at. A lot of people have dreamed of their perfect engagement ring for a long time which includes all of the factors including size, shape, style, and more. It would likely disappoint your significant other if the engagement ring was nothing as to what they were expecting. Thus, you might want to ask them to get a good feel what they would appreciate so they are not let down if you were to get one.
When you are looking for the right input data to use within an engagement ring price calculator, the main things that you should be worried about is your income, disposable income, and the total of your current and future expenses. This is very important to consider because you do not only want to factor in how much you can afford to spend right at the very moment of the purchase, but also well into the future when you might be taking on additional large purchases. This will enable you to get a good and accurate estimate of what kind of ring you can afford.
4. How Much Do You Spend On Yourself?
It is very important to factor this into the equation/calculator as well. You want to be sure that you are spending enough to show your significant other that you love them as much as yourself. For instance, if you are willing and able to fit expensive purchases for your own hobbies into your budget but use the excuse of not having money to spend on their engagement ring, they might feel like they are not important enough to you.
By following the tips above, you should be able to find the perfect ring that fits well with your current and future budget. By inputting this data into an engagement ring calculator, you should be able to come to a good conclusion.