(Closed) a "small fortune"

posted 5 years ago in Rings
  • poll: what would YOU call a small fortune.
    $100-$900 : (2 votes)
    1 %
    $1000-$2500 : (11 votes)
    8 %
    $3000-$5000 : (16 votes)
    12 %
    $5000-$7000 : (18 votes)
    13 %
    $8000-$10,000 : (22 votes)
    16 %
    more than $10,000...as in $10,000-$30,000 : (66 votes)
    49 %
  • Post # 3
    Member
    357 posts
    Helper bee
    • Wedding: October 2005

    I think of it more like $100,000.  I mean, depends on what we’re referring to.  If someone says their dinner cost a small fortune, I assume they’re exaggerating and really mean a few hundred dollars.  But if the question is, how much do I think makes up a real small fortune, I think $100k is about it – enough to be a lot of money, but not enough to be made for life or anything like that.

    Post # 4
    Member
    948 posts
    Busy bee
    • Wedding: November 2012

    That’s hard to answer but I would definitely put it WAY above $10k more like $250k

    Post # 5
    Member
    4441 posts
    Honey bee
    • Wedding: January 2013 - Harbourfront Grand Hall

    @mstellah:  If $250K is a “small fortune” what is an actual fortune in your opinion?!

     

    I voted $1000-$2500 because it’s something available, but what I would also have to think twice about spending.

     

    Post # 6
    Member
    8042 posts
    Bumble Beekeeper
    • Wedding: December 2013

    @foreverperpetua:  I think it depends on the person’s circumstance and what they’re talking about. In the case of rings, yeah I would definitely expect over $10K, but not insane pricing either. Like I tried on a $375,000 yellow diamond ring today (seriously), and I would consider that a bit more than a “small fortune” lol.

    Post # 7
    Member
    4606 posts
    Honey bee
    • Wedding: March 2014

    I think it all depends. For me, it would be $8,000-$10,000, but mostly because finances are really tight right now and for FH and myself, that amount of money would be a lot for us.

     

    ETA: As far as rings go, I voted for $3000-$5000. FH spent $2000 on my new set and I thought it was too much.

     

    Post # 8
    Member
    12250 posts
    Sugar Beekeeper
    • Wedding: May 2013

    I think a small fortune is definitely 250K+. A fortune is a lifetime of easy living for you and your progeny, so a small fortune should be a comfy living!

    Post # 9
    Member
    9955 posts
    Buzzing Beekeeper
    • Wedding: December 2012

    I think it ALL RELATIVE to one’s circumstance

    When I was a broke… trying to put together even an extra $ 50 or $ 100 at times was difficult (hence why I went without a lot of basic items that many others take for granted).  So anything in the $ 200 to $ 500 range would have been “a small fortune for me”… and a $ 1000 would have been an impossibility

    When I was with My Ex and we were quite well off (6 figure income coming in) $ 1,000 to $ 5,000 was doable, $ 10,000 and above a small fortune… and $ 50 K and more a difficulty (maybe a Loan or Line or Credit)… $ 100 K would have been almost impossible a REAL LIFE Fortune (in that it would mean cashing in one’s Investments / Selling our House etc so as to put our hands on that kind of cash)

    Hence I’d say that a Small Fortune would represent any amount that you need to work to get together, but it isn’t unobtainable.

    When it comes to my ERing… Mr TTR likes to tease me that my “glitter” cost him a “small fortunate”

    He didn’t have to take out a Loan, or put it on our Line of Credit… but he certainly had to refigure some of his long-term savings.

    Hope this helps,

     

    Post # 10
    Member
    1131 posts
    Bumble bee
    • Wedding: August 2013

    I think it’s relative. I agree with PP like if dinner cost ‘a small fortune’ it didn’t cost thousands of dollars. But when referring to rings it means 10K minimum to me, if not $20K

    Post # 11
    Member
    10367 posts
    Sugar Beekeeper
    • Wedding: September 2010

    $250k +, definitely. Our down payment was $100k (20% down on a two bedroom home) so I definitely have a new appreciation for what a “lot” of money is. $250k is enough that it would take us about 5 years to save up. Not a sum that would set us up for life (especially in the Bay Area) but something that would really help us pay down a house, etc.

    Post # 12
    Hostess
    8580 posts
    Bumble Beekeeper
    • Wedding: October 2014

    I voted more than 10k – Me & fi couldn’t survive on 10k a year, so let’s say that’s ALL the money we had.. we wouldn’t survive long.

    I would consider a small fortune to be like 100k+

    Post # 13
    Member
    948 posts
    Busy bee
    • Wedding: November 2012

    @mchitt329:  for a ring? About $500k to $1 mil

     

    edited to clarify 

     

     

     

    Post # 14
    Member
    6360 posts
    Bee Keeper

    I would say it depends on the typical price for an item of that category. A small fortune is significantly above average, but not absolute top tier.

    The topic ‘a "small fortune"’ is closed to new replies.

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