When it comes time to get married, you have a lot of things on your mind. In addition to all of the planning that goes into a wedding, you have big decisions to make on wedding jewelry. The engagement ring, for instance, is the first thing you have to think about. Saving for that purchase is a big deal, so you want to make sure you pick out the right one. You’ll also have to think about a wedding band, but that’s secondary to the engagement ring.

Finding the perfect diamond ring is all about the perfect fit. That’s not meant in a literal sense, but more in how the item fits your needs. Diamond rings are expensive, but they can vary in price depending upon size, cut, clarity, and a host of different factors. Before you can pick out your engagement ring, you have to know what your budget is. Diamond rings can run, typically, anywhere from $5,000 to $30,000. You can buy a bigger, more expensive ring, but that’s only for the high rollers. A good rule of thumb is to save three whole months’ worth of pay. Depending upon your
salary, this could work.