Did you hear of the man trying to fund his own engagement ring? Calling on the internet to help raise $20,000 for a dazzling bling might seem a thoughtful act, but you don’t want to risk sounding cheap.
So, what is the average cost of an engagement ring? According to Coffs Coast Advocate, Australians are most likely to pay $3311 for an engagement ring. With a survey of 1000 people commissioned by Slater and Gordon Family Lawyers, it was found NSW had the lowest proportion of respondents who said the cost of the ring didn’t matter – proving the state found to be the most materialistic when it came to the cost of an engagement ring!
What are the best ways to buy an engagement ring without the debt hanging over you? Here are some tips on how to pay for that symbol of your love.
Jewellery passed from generation to generation has a little sentimentality and fiscal prudence. Ask your future spouse’s family if they have any heirlooms that they would like to pass on, and ask your own family too. An old piece of jewellery might be completely free, but the service and upgrades could start from a few hundred dollars. If you obtain an heirloom ring, consider these options;
If you can overlook a ring’s history, this can lead to significant savings! Remember, a used ring can always be professionally cleaned to give it new shine. Here are some great ways to approach this;
One of the most surprising ways to save money on engagement rings is to ‘break tradition’. Consider these ring choices that can really save you some money;
Image via Matthew Nigel Photography
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