Photo Credit: The Knot
Looking to get married soon and you're wondering what makes sense to spend?
The first thing is to evaluate the lifestyle of your partner and yourself. Have in mind that expensive doesn't equate to perfect. The decision on how much to spend is both emotional and rational, so you'll want to properly consider your partner's expectations and lifestyle, and your finances.
Consider Your Spouse’s Expectations
Your spouse's expectations are something that needs to be on your top considerations. Find a way to know what they like and appreciate. Some people like to keep it simple, some like it loud. And because your spouse likes flashy things doesn't mean they'll like an expensive engagement ring. It's better to be sure than to guess, you may subtly ask months prior or have a light conversation around this subject to extract necessary information.
Consider Your Lifestyle
Lifestyle has to be considered because some routines are not friendly to an everyday wielding of expensive jewellery. Sometimes you have to prioritize safety, nevertheless, whatever you decide to buy has to be something they should be proud of and comfortable with.
Evaluate Your Finances
Needless to say, the most important factor to consider is your finance. You don't want to get into debts or empty your savings for a ring at the onset of the new phase of your life.
Here is how you should rationalise what to spend. What can you spend on your favourite toys? for example, what do you budget for your Car, Console, and gadgets generally? That's a good place to start. Have in mind that it doesn't have to be perfect from the get-go. You can always upgrade rings as you celebrate anniversaries.
Nothing is set in stone, decide according to you and your spouse and enjoy the journey every step of the way.