If you are thinking of proposing to your significant other, you probably want to get them the perfect engagement ring. However, before you head out to shop, there are a few common myths about women's engagement rings that need to be debunked. Here's what you need to know.

Myth #1: You need to spend three months of your salary on an engagement ring.

This myth couldn't be further from the truth. There is no set rule on how much you should spend on an engagement ring. This decision is entirely up to you and your budget. It's important to remember that the cost of the ring does not determine the worth of your love or the significance of the proposal. Instead, focus on finding a ring within your budget that you know your significant other will love.

Myth #2: The engagement ring needs to be purchased in advance.

This myth is completely false, too. You do not need to fully purchase the ring before proposing. You can propose with a placeholder ring or even with no ring at all. Many couples choose to shop for the ring together after the proposal to ensure that both parties love the ring and that it fits perfectly. Ultimately, it's up to you and your significant other to decide when to purchase the ring.

Myth #3: The engagement ring must be a diamond solitaire.

While diamond solitaires are the traditional choice for engagement rings, they are by no means the only option. Many non-traditional rings on the market are just as gorgeous and meaningful. Consider looking into colored gemstones, birthstones, and vintage styles to stand out from the crowd. You can even opt for a meteorite for a love that's — wait for it! — out of this world. Bad jokes aside, the most important thing is to choose a ring that fits your significant other's personality and style.

Myth #4: The engagement ring is the only thing that matters in a proposal.

While the engagement ring is certainly a significant part of the proposal, it is not the only thing that matters. What truly matters is the sentiment behind the proposal and the authenticity of your love for your significant other. Whether you propose in an elaborate setting or on the spur of the moment, what makes the moment special is the sincerity and love you have for each other.

Now that you understand the truth behind these myths about women's engagement rings, it's time to start thinking about what type of ring would be meaningful for your significant other. Remember, choose a ring that fits your budget and, most importantly, reflects your love and commitment to your partner.