When you’re about to get engaged, whether you’re the one who’s going to be doing the proposing or getting proposed to, there’s likely going to be some type of ring involved. Because of this, it’s important that you know what type of ring you should be looking for and discover the best ways to get an amazing engagement ring without having to spend all the money in your bank account. So to help make this whole process a little easier, here are three things to consider when buying an engagement ring.
Plan A Budget Before Seriously Looking
Before you and your future fiance talk about getting engaged, you might want to get a feel for the price point that you should be looking at. According to Ellen Hoffman, a contributor to Business Insider, the average person spends about $6,000 on an engagement ring. However, if this budget doesn’t work for you, it’s perfectly fine to go either higher or lower. But before you start looking at actual rings, try to pinpoint the budget that you’re comfortable working within. By doing this before you start seriously looking for rings, you’ll ensure that you don’t fall in love with a ring that’s completely out of your price range.
Practice Your Negotiation Skills
Regardless of how you go about finding the perfect engagement ring for you or your partner, there’s generally always going to be a little wiggle room in the price. Because of this, it’s up to you to use your negotiation skills to help yourself save money on the overall costs of this purchase. According to Christina Park, Jacqueline Weppner, and Elizabeth Mitchell, contributors to Brides.com, engagement rings are usually marked up with much higher profit margins than other purchases you make. So when you are speaking with the jeweler, make sure you at least try to negotiate to see if you can get some money knocked off or if you can get some additional services for free with your purchase.
Know How Long It Will Take To Get The Ring
If you’re hoping to surprise your future fiance with their engagement ring or you have plans for taking engagement photos, it’s important that you plan when you buy the ring so you’ll have time to actually get it on your fiance’s finger by whatever deadline you’re working with. According to The Knot, it’s smart to give yourself about six weeks to get the ring once it’s been ordered. If you’re getting any customizations to the ring, it could take even longer, so be prepared.
If you’ll soon be buying an engagement ring, consider using the tips mentioned above to help ensure that you find the right ring at the right price.