Congratulations, you’ve decided to pop the question. You’ve found the love of your life, the yin to your yang, and you can’t wait to start your life together. Awesome. But first, you have to buy the ring.
Now, if you’ve done any kind of wedding ring research, you’ve probably run into this piece of advice – spend a month’s salary. Sometimes it goes up to two and even three months’ salary. What nonsense. This rule was developed by a company after the Second World War to boost sales. There’s only one rule on how much you need to spend – spend what you can afford.
Disclaimer: The advice contained on this blog is for general purposes only and does not take into account individual circumstances, objectives or financial needs. Accordingly, readers are advised to seek appropriate advice from licensed professionals prior to making any investment, or taking up a financial product or service.