What is the "three months' salary" rule, and is it really necessary when buying an engagement ring? In this blog, we debunk this and other common myths about ring shopping, offering expert insights to help you make a smarter, more personalized choice without the pressure of outdated expectations.
Myth One: The Three Month Salary Rule
You may have heard the saying that an engagement ring should cost three months' salary. However, the reality is much more flexible. In fact, recent surveys show that many people are moving away from the "three months' rule."
While the average expenditure for an engagement ring typically falls between $5,000 and $7,000, the key takeaway is that your budget should reflect your personal situation. Consider factors like your financial circumstances, the preferences of your partner regarding the ring and stone, and the sentimental value of this meaningful purchase.
Myth Two: Engagement Ring Shopping is a Solo Act
Shopping for an engagement ring can be challenging and even stressful, especially if you're unsure of your partner's preferences. So why complicate things? There’s no shame in shopping together or letting her pick—after all, she’ll be the one wearing the ring!
Carter's Brides often invite friends or family members to join them in an appointment to add their ideal ring designs to a wishlist. Following the visit, we will meticulously document every detail and reach out to you! The timing of the proposal can remain a mystery, and you can be assured that the ring will perfectly reflect her vision.
Remember, this ring and your wedding bands are purchases meant to last a lifetime. If you’re worried about keeping the surprise, consider that she’s likely been thinking about this for a while and will appreciate being part of the decision.
Myth Three: Engagement Rings have to have Diamonds
One common myth about engagement rings is that they must feature a diamond as the centerpiece. While diamonds are indeed traditional—comprising 74% of engagement rings in 2018—there are plenty of alternatives.
More than ever, gemstone rings are gaining popularity. Carter's Collective offers beautiful gemstone rings, including tourmaline, emerald, and sapphire, to add the perfect pop of color and to match your personal style.
Myth Four: Customizing a Ring is Expensive and Difficult
An engagement ring is much more than just jewelry; it’s a symbol of commitment between two people in love. If your love is unique, why shouldn’t your ring be? Many couples embarking on their search for a custom engagement ring may hesitate, thinking it will be more expensive and time-consuming. This couldn’t be further from the truth! Custom designs can also be tailored to align with your personal budget.
At Carter's Collective, we make it easy to customize your engagement ring with the stone and setting of your choice. With a wide range of exclusive designs, most of our rings allow you to select a center stone that reflects your personal style in terms of shape, color, and cut. We also offer engravable options for added personalization and various customizable settings to ensure your ring is truly one of a kind.
