How Much Should a Person Spend on an Engagement Ring

If you're asking yourself, “How much should a guy spend on an engagement ring?” you're probably just starting on your quest to find the perfect gift for your spouse-to-be. This engagement ring budget guide will help dispel some myths surrounding what to spend and show you that many factors, not just the cost, should go into what you choose to buy. Modern ideas about engagement rings are moving away from the belief that you should spend a specific amount on doing what's right for you.

The Origin of the 3-Month Salary Rule

The traditional amount buyers were advised to set aside for an engagement ring was three months' salary. This idea was partly encouraged by marketing promotions to get people to spend more. One reason for this rule was that it required people to save money over time, demonstrating their commitment to the relationship. Three months' salary equates to over 20% of your annual income. Even two months' salary, sometimes used as a guideline, amounts to around 16%. Saving this amount was a sure sign of love.

Another favored argument for the three-month rule was that it showed how much a man's partner was worth to him. However, the idea that a certain amount of money is necessary to make this point has increasingly fallen under criticism, leading to new ways of evaluating the meaning of an engagement ring as a gift to your future spouse.

Modern Perspectives on Engagement Ring Spending

Nowadays, high-quality engagement rings aren't considered solely for how much was spent on them. Instead, other factors, such as the ring's significance or its specific design features, have received more priority. In addition, considering what is financially viable for every couple has replaced a one-size-fits-all approach that appears increasingly out of touch with daily life. For example, some couples may opt for a ring that's been handed down through the family, while others may choose to customize a ring to meet their tastes, not an arbitrary budget.

Practical Considerations for Setting an Engagement Ring Budget

In determining the best engagement ring value, you should prioritize your personal situation rather than trying to meet societal expectations about how much you should spend. For instance, your financial position doesn't need to dictate whether you can get engaged. Instead of waiting until you meet a certain budgetary requirement for an engagement ring, you can simply opt for one within your purchasing means.

Similarly, you and your partner will want to think about your values and priorities. Does your partner feel that the cost of the engagement ring reflects how much they mean to you? Or do they prefer a modest design that's perhaps more personal? The answers you and your partner give to these questions will help you decide on the right budget.

Quality Over Quantity: The Value of Customization

Choosing from a range of personalized engagement rings is a great way to show that you've thought about the gift you're giving to your partner. At Shapiro Diamonds in Dallas, we specialize in custom engagement rings, allowing you to choose the design, metals, and stones used in your ideal ring.

This personal approach to picking an engagement ring may mean that you spend less money than if you purchased the most expensive ring with the brightest diamonds. Working with experienced jewelers to create a truly unique piece that reflects your relationship and preferences also shows that you've put a lot of time and effort into choosing the perfect ring for your partner.

Tips for Maximizing Value When Buying an Engagement Ring

The first tip to maximizing your value when shopping for an engagement ring is to look beyond aspects such as diamond ring pricing. While a diamond ring is an iconic symbol of how much someone means to you, you don't have to acquire it at a certain price. Instead, to get the most value out of your purchase, ask yourself what design the diamond should be and get a customized ring that fits you and your partner's preference.

Another tip is to consider other gemstones that look great, too. Alternative ring designs can create a unique piece that speaks to your partner's individuality rather than a standard that doesn't work for everyone.

It's also a good idea to opt for a timeless design that you'll appreciate for years to come. Your engagement ring investment should last since it's about showing your long-term commitment to your partner.

Why Shapiro Diamonds Is the Best Choice for Your Engagement Ring

Shapiro Diamonds engagement rings are synonymous with our company's commitment to quality craftsmanship, expert jewelry advice, and customizable budget options. You can explore our custom engagement rings in our Dallas showroom to get inspiration for your engagement ring design. Our jewelers have the knowledge and creativity to come up with a final design that will keep you happy for years to come.

Schedule a Consultation With Shapiro Diamonds in Dallas

If you're ready to start designing your engagement ring, book a consultation with us today. We can walk you through the various design steps, including ring size, the materials you want us to use, and the design theme that interests you. Then, we can show you some examples of what your ring would look like and get started on your personalized engagement ring. Reach out to us today to make an appointment, and we'll be delighted to welcome you to our Dallas custom jewelry store.