Get an "I do" for the perfect engagement ring without breaking your budget

So you have decided to ask that special someone to be a part of the rest of your life, but now what? Purchasing an engagement ring can be a daunting and expensive task. However, do not be intimidated when checking out rocks for your honey. We have some money-saving tips to keep in mind as you browse. Remember, it's just a symbol - your eternal love is the true investment.

Selecting a ring with a budget in mind
Lay to rest any rules you have heard about the amount of money you should spend on a ring. You are in charge of your budget. Decide how much you are willing to spend and stick to it. To make the most of your budget, know what is important to you in a ring.

According to Business Insider, instead of going for a flawless diamond, consider purchasing one that appears flawless to the naked eye. Especially if you are wanting to spend more money on a particular cut, saving money on a diamond that appears flawless is a great way to funnel money into another element of the jewelry. 

Also consider purchasing a ring that is a half-carat smaller. It's easy to assume that the size matters, but a cut can have more of a visual impact than the actual weight of the diamond itself. 

Bankrate suggested buying a ring online. You can save a great deal of money by making the purchase on the Internet and you can still receive a quality piece of jewelry. 

"The customer gets far more value for the money buying online," L.G. Landau, a jeweler of DiamondIdeals.com, told Bankrate.

Thinking outside the engagement box 
Remember that while a diamond might be nice, you may choose other options for an engagement ring. Claddagh rings, silver or gold bands, non-conflict diamonds, birthstones or pearls are all options too. You aren't limited to only diamonds. Know what your special someone would like, and get creative. 

For more information about smart ways to manage your finances, contact Landmark Bank.

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