Ways To Pay for an Engagement Ring on a Tight Budget

Q: Hey Aaron, I am ready to buy a ring, but I don’t have a whole lot of cash. What is the best way to pay for an engagement ring if I am on a tight budget?

A: That’s great! So you are about to pop the question and pray for a resounding “yes” – now, for the ring: a stunning engagement ring is affordable for everyone; you just have to know what you are looking for and how to find it.

First, you need to decide what your budget is. While the ring will become a lasting token of your love and devotion, you don’t want to foot a massive bill that is going to put you under a great deal of stress. Think about your priorities: the mortgage for your new home, a well-deserved honeymoon, etc.

Second, you need to know what type of gemstone and what quality is most valued by the wearer-to-be. For example, would she prefer a large carat (e.g. diamonds range from .25 to 1 diamond carat weight), a specific diamond cut (e.g. cushion cut diamonds, princess cut diamonds), a better clarity or a certain color? Many couples go out to purchase the engagement ring together, which is a sure-fire way of getting something you both love.

Alternatively, canvas close friends and family for information before hitting the shops and maybe even take someone for a second opinion. Take note of her likes and dislikes as you browse jewelry shops or pay attention to her comments on a friend’s choice of ring. Equally important as the stone is the metal band type to be used. Some women prefer white gold or platinum, while others strictly wear yellow gold.

Third, you need to think about the practicalities of the ring. If she works in an office, for example, most styles will be suitable. If she has a more active and outdoorsy type of career or works in close physical contact with clients, however, a large or sharp stone setting may become problematic.

James Allen has a vast range of spectacular diamonds to browse online at (Check out our James Allen Review.) There is something to suit every taste and budget, from the smaller 0.2 carat and beyond. You can choose a separate diamond and then look for the perfect setting in the “design your own” feature of the website. Alternatively, there are a range of pre-made settings priced from just under $400 for an elegant white gold solitaire ring.

James Allen also provides a 1.5% discount on items valued over $1,000 for customers who pay via wire transfer. You can pay by credit card, which allows you to pay it off in your own terms.

Go check them out and find that right ring for your lady! Aaron

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