(DGIwire) — Sure, you love her and you want your bride-to-be to have the best, but that old maxim about spending two months’ salary on an engagement ring is about as outdated as lugging a 50-pound Sony camcorder to the altar to record your wedding video. And if you’re on a budget and your future Mrs. Right is really The One, she certainly won’t—or shouldn’t—think less of you if you don’t fork over the cash equivalent of a small car for her ring.
With this in mind, here are a few suggestions from MoneyCrashers.com on what not to do when buying a wedding ring on a budget.
- Don’t go shopping without knowing how much you can afford, and don’t look for rings outside that price range. As with house-hunting, if you see a ring that’s twice what you wanted to spend, of course it’ll be nicer, and then you’ll keep thinking about that ring and get depressed about it later.
- Don’t buy from a big, fancy store. Such stores have much higher rents and thus have to move more inventory, leading to high-pressure sales and the need to make bigger margins on each item.
- Don’t buy on emotion. Yes, that ring is beautiful and exactly what she wants, but it will most likely still be there tomorrow. Make sure you see multiple setting styles, stone sizes and shapes before deciding.
- Don’t buy during the holiday season. The majority of engagements take place around Christmas, and there won’t be much on sale since lots of guys fail to follow the above list, and just rush in and buy whatever looks okay to them.
- Don’t buy in a hurry. Take your time so you know what’s out there and how much it costs. Giving yourself a month or two will allow you to browse, compare and consider all the options while being stress-free.
Another good point: if your girl is into saving the world as well as saving money, a moissanite ring might just be the way to go. Yes, moissanite, the gem made from the stars, but so rare that it had to be recreated by specialists. With even greater brilliance and “fire” when it catches the light, moissanite is available through Charles & Colvard. Its Forever Brilliant® moissanite is up to four shades whiter than Classic Moissanite™ and comes in a wide variety of stunning and affordable styles. For increasing numbers of grooms, moissanite is a brilliant alternative.
Randall N. McCullough, President and CEO of Charles & Colvard, says, “Before you head out ring shopping, talk about it. Many couples today go ring shopping together. It won’t spoil the actual moment of getting down on your knees if you discuss how much you can realistically afford to spend. Once you see what our stunning gems look like in their gold and platinum settings, you’ll be hooked—and so will your sweetheart.”