Congrats! You’re going to get engaged–and regardless of it being a surprise or not, you both will need to pick out the ring and stick with what your finances will allow. What should you do? First, create a basic list of the things that the ring needs to be and then stay within these perimeters. Long term, you both will be just as delighted and stay out of financial trouble with credit cards. Here are a few money-conscious tips to get you started from those who have been there:
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Why an Impressive Diamond May not Impress the Prospective In-Laws
For many individuals, there’s only one way to propose and get engaged: with a real diamond ring. It is cleverly marketed to be a symbol of a man’s love and he should spend thousands or tens of thousands on a large diamond. It shows that he can take care of her and has money, right? Not so fast. Many times a large rock shows foolish money spent, makes the future in-law’s nervous and other family members wonder where he got that kind of money and how he is going to provide for her now that he spent it all on her ring. Especially if he is in University or in an entry-level job.
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