Are you already thinking up wedding plans and honeymoon locations with your partner? If so, then there’s probably a good chance that you and your partner and well into your relationship plans. In fact, you might even be able to skip the engagement process! However, if you’re looking to take things a bit slower and more traditionally, then there’s a good chance that you want to get a memorable and meaningful engagement ring for your partner.

But one of the big questions on everyone’s mind is this; how much do you actually spend on one? A wedding ring can seem even more meaningful and thus should be more expensive, so does that mean your engagement ring can be cheaper? Is there a set amount that you should spend? It can be tricky to decide how much money you want to spend on an engagement ring, so here’s some advice to help you out. 

No matter your budget, you can afford an engagement ring

One of the great things about buying rings these days is that they don’t need to be expensive. There are plenty of low-cost options that can be just as meaningful and exciting for you and your partner. For example, brands such as Whiteflash have lots of luxury options for high-end engagement rings, but they also have plenty of budget-friendly options that are perfect for anyone that doesn’t want to go bankrupt over a ring.

But here lies the first problem; what if you feel too cheap about your engagement ring?

Buying a less expensive engagement ring can make you feel cheap and might make you feel like you’re doing your partner a disservice. However, there are plenty of ways to get a meaningful ring that is more special than something that costs five figures. After all, just throwing money at a ring isn’t exactly a smart decision. Sure, it costs a lot, but did you really put any thought into the ring, or did you just buy the most expensive thing in the store?

Instead of thinking about the cost of the ring, think about how meaningful it is. Diamonds are a great choice for a gemstone, but if you and your partner have a color or gem that means a lot to you, then why not choose something non-standard? Go with your gut and your heart–don’t just rely on your wallet!

If it puts you into debt, it’s not worth it

With mounting wedding debt and other financial problems affecting most of us, it’s important to avoid going into debt just for the sake of an engagement ring. It’s really not worth dipping into financial troubles just for a ring.

Not only will this create more problems in the future for your relationship, but it can actually take money away from your wedding and honeymoon budget. Just remember that an engagement ring is an intent to marry in the future. It can be skipped entirely if you want and doesn’t mean you have to buy something really expensive.

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