Eventually, all lovers reach a point where they have to strengthen their relationship and provide a direction that they would like their passion for each other to take. Exchanging extravagant engagement rings is one way for the couple to give their relationship a new direction. The rings that the two lovers want can be very costly, thus forcing the couple to settle for cheaper alternatives. However, the couple can be a bit creative and begin their search for rings much earlier. This would entail conducting in-depth research months before going out to buy the engagement rings. After all, the decision to engage is not one that the couple makes suddenly without careful thought.
The first rule that all couples should remember is that a good way to budget for the Princess cut diamond engagement rings is to set aside a 3-month salary. However, this is just but a guideline, and not a rule written on stone. If the person who wishes to buy the ring is heavily in debt, buying the ring by spending his three-month salary would be a very bad choice. If the buyer is heavily concerned about his job security, spending 3-month salary on the rings might not be a very good idea. Scaling back would be an excellent idea for such couple. Buying the rings does not have to be the reason that takes the couple into a financial hole from which they cannot recover.
If the 3-month salary guideline is not an attractive option, the couple would be better off spending a one-month salary on the rings. Obviously, this guideline depends on the salary the buyer earns. Splitting the difference would also be a very good way to set aside the money required to buy rings. A bit of compromising is good between the two lovers. The woman could set aside the one-month salary, while the other man sets aside his 2-month salary. Alternatively, they could split the 3-month salary right in the middle. However, none of these options would suffice if the couple fails to learn the cost of the rings.
The best option for some couples would be to research the average cost of the rings. Once they obtain these figures, the lovers could use them to budget for the kind of halo engagement rings they want. On average, couples spend around $4,000 on the rings for engagement each year. If the two lovers communicate properly and share with each other their needs regarding the choice of rings, they would not have a problem. They should share all the details, including the kind of money worth spending on the rings. However, since the man is responsible for buying the rings, sharing this information with his woman might not be the kind of news she wanted to hear.
Briefly, the way to determine a fair price to pay for the rings is to set aside the 3-month salary. If this option appears too costly, it would be fine to set aside a 1-month salary. Splitting the costs between the two lovers would also be an excellent way to meet the costs of buying the rings. Spending the average cost of buying the rings would also appeal to lovers who do not want to spend more than they have to on engagement and wedding rings. This last option entails a lot of research. Splitting the difference is a good way of avoiding falling into a financial pitfall from which it would be impossible to recover.