Choosing the perfect diamond engagement ring for your fiancé is hard enough, buying it on a budget makes the entire process much more difficult. However, since diamond engagement rings are such a common purchase, they come in a variety of styles, designs, and prices, which enables the consumer to pick and purchase the ring of his or her dreams without going over budget.

Here are a few top things to keep in mind when shopping for a diamond engagement ring on a budget

What to spend and how to save on a diamond ring

  • Consider the Future

How much you can afford to spend on a diamond engagement ring is influenced by your future financial goals. Take into account your future expenses such as down payment on your home, loan payments, and retirement plan to evaluate how much can you afford to spend right now to live out smoothly in the future with all your mounting expenses.

  • Establish Expectations

If the diamond industry standard says you need to save three months’ salary to get the perfect engagement ring, well then that is just a standard, and you don’t have to follow it necessarily. Gauge your partner’s expectations and figure out a decent amount you can spend on the ring to please her. This entails knowing what kind of ring she would like; would an elegant piece against a chunky stone or a simpler band with smaller stones appeal to her? Establishing and setting the right expectations earlier on will help you determine how much you should be spending.

  • Weigh Your Options for Payment

Once you have had a look at different diamonds and checked out prices with various merchants, you need to figure out how you are going to pay for one. If it is affordable enough to pay with cash, go for it, but if it is epensive, cards are the way to go. This could affect other payments so it is best to evaluate the best payment options to align your finances accordingly and purchase a ring you can afford.

Brilliant Earth is a seller of quality diamond jewelry. Their diamond jewelry and diamond engagement rings can be purchased online. The company also entertains custom design or modify requests. They offer a large collection of diamonds at affordable prices. Their selection includes colored diamonds of all shapes and sizes, vintage and antique styles, platinum, and all the latest designer styles.