We’ve all heard the conventional advice of spending no less than three months’ worth of salary on an engagement ring. In more recent times, couples have been straying farther and farther away from the traditional way of choosing a ring.
Many couples have instead chosen to purchase a cheaper ring and use their money towards their future life together. If you’ve chosen to follow this route, you might be wondering what to put your money towards instead of an expensive engagement ring.
Here are a few ideas from your Modern Gents family that you might find helpful.
Choose the Honeymoon of Your Dreams
Instead of sinking thousands of dollars into a ring, why not use that money to take yourself on a wonderful honeymoon? At times, you can find plane tickets to places like Bali and Thailand for as low as $400.
Once you get there, your money will go even farther! If you’re not up for the tropics, perhaps a nice cottage in the Scottish countryside may be more your speed. Whatever you choose, you’ll enjoy your honeymoon that much more knowing that you used your hard-earned money to the full.
Your Future Home & Family
After all the wedding planning drama and dust settles, you’re going to need a place to live. While owning a home can seem like a dream in the not-so-near future, saving money on an engagement ring can be a step in the right direction. A good foundation of money to start with will help you feel more encouraged to save as well.
Ring: The Enchanted
If you're big on family and want kids of your own, consider putting the extra money in an account for your future offspring. This money can go towards the expenses that come with having a newborn baby, or take it a step further and set up a future fund for them.
Use the Money for a Memorable Experience
Depending on the interests of you and your spouse, you both might have a dream trip or some items on your bucket list that you have yet to check off. Maybe you’ve never played tourist in your town or you’d like to have a mini-vacation for your 6 month anniversary.
You might even be able to use the money towards surprising your spouse with front row tickets to their favorite band or take this extra money to do something wild but seemed unnecessary like scuba diving, deep sea fishing, zip-lining. The possibilities are endless.
Rings: The Bliss set
Engagement rings are beautiful and should be celebrated, but so should the two of you! The money that you’ll save on an engagement ring can be used in so many other ways. At Modern Gents, we believe that your love is worth more than the rock that sits on your finger. Check out our full line of beautiful and affordable engagement rings if you're still unsure and need a little more convincing!
Is there anything you’ve done with the money you saved on a ring? Share it with us in the comments below!