Smart Spending

By cutting out most (or all) of your wants and sticking to a very tight budget, you could live off of less than $1,000 a month. Here’s three examples of how (and where) you have to live to do it.

Given the high price tag and ethical concerns of diamonds, plus a desire for something more unique, many couples are turning to non-diamond engagement ring alternatives like gemstones, engraved bands, knot rings, and even tattoos.

What you should spend on a wedding gift depends on your budget and your relationship to the happy couple. How to survive wedding season without going broke.

The diamonds you purchase online are the same quality as those you’d find at a jeweler in your local mall — but can cost up to 40% less. To buy an engagement ring online, you’ll want to find a trustworthy website, take your time, and make sure your diamond passes the eye test, even on a screen.

There’s really no “perfect” amount of money to spend on an engagement or wedding ring. Instead, align with your partner on expectations, either directly or indirectly (through their friends, Pinterest board or social media), focus on a ring with meaning rather than a particular price tag, and make sure you understand your budget and means before you go shopping.

Lab-grown diamonds are far less expensive than their mined antecedents, and they’re a great option for those who want a heart-stopping piece of jewelry without a heart-stopping price tag. But mined diamonds may still be attractive to traditionalists who prefer natural gemstones, and who have fewer financial concerns.