With the average (and recommended) cost of an engagement ring being 2 months salary, it stands to reason that this is something that not all of us are going to be able to afford straight away. This doesn’t mean that you should miss out and give up on the idea of getting an engagement ring – it just means you need to be organised and save up to buy one.
Just because you aren’t planning to get engaged anytime soon that doesn’t mean that you shouldn’t start to think about it now. If you are able to put away a small amount each month, then when the time comes to buy a ring you’ll find the cost much more manageable. Have a savings account stashed away somewhere and just put in a little each month and you’ll be pleasantly surprised at how much it can add up to.
If you think you are going to propose to a partner and want to start saving – why not choose the ring now? If you know which ring you are going to buy once you have the money then you can use this as motivation and you’ll find it much easier to save. Not only that but you will know how much you need to save and can work out how much you need to put away each month to be able to afford it when you need to.
Save Money Day To Day
Whether you’re saving up for an engagement ring or you just want to save a bit of money, budgeting is a good thing! Lots of us spend money where we don’t need to and then worry that the end of each month we don’t have enough money to spend. If you budget properly then you can help to save you and your family money each month.
Looking for vouchers, bargains online, shopping in sales and being savvy with the items that you buy can really help to save you money. You can put part of the money you save each month into a saving fund to save up for the engagement ring of your dreams
Shop On A Budget
Just because it is an engagement ring, it doesn’t mean that you should spend more than you need to. Shopping around for your ring is essential to make sure that whatever you spend gives you the best value for money. Jewellers are much the same as any other retailer, so you will find that they have spot sales and even voucher codes to help ensure that you don’t spend more than you need to. Jewellers such as Selini might be able to help!
At the end of the day, budgeting for an engagement ring is much the same as any other item that you might need to buy – although it could be one of the most expensive items that you buy. It is mostly a matter of being savvy shopper and being organised financially so that you can get your ring without too much hassle.