When a couple is planning to buy an expensive engagement ring, naturally their financial situation needs to be considered. How much you spend on your engagement ring is indeed a very personal decision. Most of the couples these days are buying the engagement ring together. Once they sign the marriage certificate, the bride and the groom would be entitled to pay for the ring unless the groom paid for the ring upfront.
But there are times when your heart may be set on a particular ring that happens to be expensive. As a first step towards buying that ring, you need to talk about it and assess the long term effects of the purchase of that particular ring on your future plans. You may have some future goals like buying a house, having a retirement plan or taking a vacation. So you need to consider all the factors before buying an expensive ring which you would probably be paying off even after your twentieth wedding 
anniversary.
If you have decided to take the plunge towards buying an expensive engagement ring, financing may be the first issue that needs your attention. Carefully consider various financing options and shop around if the ring isn’t in your immediate budget plans. It is a wise option to check with your banker and other lenders to see what types of loans you can obtain since the jewelry store may not have the best financing terms. Make sure to weigh the benefits compared to the cost. However, an expensive engagement ring is an investment and you will cherish this ring for many years.
 
