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But are you ready to part with three months’ salary as the diamond industry has traditionally suggested? If not, what’s your magic number?
Figuring that out can be a stressful, high-stakes undertaking. Engagement rings come with unique financial and emotional expectations. And in a relationship intended to last a lifetime, it’s the first big test.
“It does set a certain tone about whether a woman’s expectations will be met by her husband or not,” said ily therapist at the University of Southern California.
Even so, how much to spend rests in striking a balance between dazzling your beloved without tarnishing your future financial goals together.
Sit down with your partner and go over your short- and long-term financial goals. Beyond wedding expenses, goals could include saving for a down payment on a home, preparing to start a family, as well as retirement planning.
“This is the perfect entry point to see where each person’s money values come from,” said Michael Branham, a certified financial planner in Edina, Minnesota. “How are we going to put that life together and how does buying something like an engagement ring fit into that picture?”
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In the $29 million inside the county revenue goes so you can supporting childhood recreation apps and you may athletics at the 13 UNC system schools. The bucks will even go to undertaking a new financing to help you attention larger incidents, such governmental exhibitions, activities competitions and you may music festivals. Once you build an installment, their address (otherwise the place you bought the new fill-up card otherwise PIN bill) decides taxation and any additional charges. Read More