There is nothing improper with a cheap starter ring

Dear Dave,
I’m 24 and I would like to purchase a engagement ring. I plan to ask my girlfriend to marry myself inside one month and I wondered how much I should spend on the ring. I earn $ 85,000 a yr and don’t have any debts. With regard to savings and retirement, I actually have about $ 40,000 in a high-ranking account and $ 10,000 in a 401 (K).
Hayden

Dear Hayden,
This is great! You even have an important begin to life based on the numbers you gave me. Congratulations on all of your success.

Now we come to the shop to purchase a hoop. How much must you spend? People in the jewellery shops will inform you an income of three months. Don’t take heed to them. A monthly income is plentiful. There is nothing improper with a less expensive ring for those who just start two. And what’s more vital, there is no such thing as a correlation between the scale of the ring and the likelihood that marriage is successful. High quality marriages are usually not based on the scale and price of the engagement ring.

On the day I asked my wife to marry myself, the diamond I placed on her finger was only a stain. They needed to send practically to see it. We have improved this significantly since then, but we’re financially in a significantly better form. Now she has a headlight that she will be able to wear on her finger. If you’re ready, you get this with me for 43 years.

Last, be sure you purchase before buying. First learn a little bit about diamonds. And don’t fall in love with the old line that diamonds are an “investment”. You are usually not. Most diamonds, especially in retail, don’t increase value and infrequently lose a substantial value as soon as they buy them. Now really rare, high -quality and natural, unusual diamonds can appreciate over time as a consequence of their high demand and their limited offer. But that is a distinct story.

Good luck, Hayden. I hope the young lady in her life says yes and I hope you’ve an extended, comfortable life together!
– Dave