You’ve picked out the perfect engagement ring. And hopefully you’ve already asked the parents for permission, right?
Now you’re ready to “pop the question” and ask your love for their hand in marriage. Or maybe, you're just not ready for that step because you find yourself struggling to plan the perfect proposal. And you keep on seeing all these perfect, and sometimes over-the-top proposals pop up on your social media feeds.
A 2019 Engagement survey done by The Knot said that 87% of engagements are planned ahead of time, while 13% are a spontaneous, day-of decision. No matter if you wing it or plan for months, there are just a few things you should consider when proposing. Avoid common proposal blunders and check out these 10 tips when planning a proposal.
In most cases, insuring an engagement ring is much more affordable than you think. Which is great, since protecting your jewelry is one of the best things you can do to safeguard yourself from unnecessary heartache (and financial hardship).
So, how much does it cost to insure an engagement ring?
Choosing an engagement ring is both exciting and overwhelming. For many brides-to-be, it’s the most expensive piece of jewelry they own.
One of the major decisions you’ll make when engagement ring shopping is what diamond shape to buy (assuming you’re going with a traditional diamond ring!).
As I’m sure you’ve heard, the old adage advises an engagement ring should cost roughly the equivalent of two months’ salary. That out-of-date advice came from a De Beers marketing campaign to create buzz around diamonds.
If we were to do some quick math and look at national salary averages over the first quarter in 2020, the most recent data from the Bureau of Labor Statistics indicates that would equal $7,592 (based on 8 weeks.)
We know you’re most likely at home during this time and may be wondering how you can support local jewelers. One way you can support is by purchasing jewelry online. If you’re looking to buy online, or at least to begin your research before stepping inside a jewelry store, knowing what to look for may seem daunting. But it doesn’t have to be.
In all seriousness, the answer is probably yes. In most cases, it is financially logical for you to insure your engagement ring. Read to learn if jewelry insurance is right for you.
