Financial

How your engagement ring can be a huge investment

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If you are one of the many men who think that engagement rings are just a waste of many, then you’ve got it all wrong. There are a lot of reasons on why you should invest on buying one. Not just because it’s pretty but because you really don’t have to invest “a lot” for your bride.

Here are the reasons why and how to do it

1. If you think that engagement rings are always expensive, think again- There are other rings out there that are not that expensive and there are also other alternatives. The important thing is that you know what your bride wants. It doesn’t necessarily have to be pricey. You can look online for rings that are within your budget. You can even go to antique stores and look for rings that are of the same quality but with a lower price.

2. It’s tradition- A lot of couples value the ring because of its symbolism and that it’s a sign of their love or bond. A ring will not only look good on your wife but it will also tell other people that she is married. If you find it taboo to break away from tradition then it’s another reason why you should invest on a ring.

3. Your wife can pass the ring to your daughter or son- Because of the value that ring bring, it is also a tradition wherein the mother passes on the ring to their daughter or to their son. Rings have sentimental values that can be passed along to future generations.

How will you invest on a ring?

1. First of all you have to have a budget for this- You have to have an estimate of what you plan to spend so it’s best to do some canvassing first to get an idea. Rule of thumb is to spend 2 months worth of your salary on a ring, but you are not obliged to follow this. This is just an estimate and if you can look for a cheaper ring then you should go with it.

2. Check out moissanite rings- They are less expensive than diamonds rings but they deliver the same, shiny, brilliant and lustrous effect. Go to stores that have these rings and ask if they have discounts to offer. Those discounts can still help you save some money so why not take advantage of it?

3. Start saving up- You have to be committed enough to set aside some money every time you get your salary. You also have to plan this ahead of time so that you’ll have enough money by the time you decide to purchase it.

Before you go out to buy the ring, make sure you do a credit score check if you plan on using your credit card. You should also check your credit reports to see if you have unpaid debts so that you can settle them first. Those debts can widely affect your credit score and it can increase the interest rate in your purchases.

There are a lot of engagement rings out there that will fit anyone’s budget. The important thing is that you and your partner have a happy marriage, expensive or not. Don’t let the price of the ring get into your marriage because it is not about that. It is about the value, the meaning and your love for one another. Follow these tips and start investing on an engagement ring right now!


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