ER Ring Budget- 2 months or 3 months salary?

posted 3 years ago in Rings
Post # 2
Member
7664 posts
Bumble Beekeeper
  • Wedding: July 2013 - UK

I was told 1 month (after tax) was traditional by my Grandma’s wedding planning guide, and my Grandma herself.

However, I must be honest and say that is DH had spent that much money on my ring, I would have asked him to return it for something more practical.

Post # 3
Member
161 posts
Blushing bee
  • Wedding: May 2014

Me tooooo. I spent less than a week’s salary on my ring! I like pretty things but not prepared to spend silly money on them. We are hardly rich!

Post # 4
Member
382 posts
Helper bee

I have always heard 3 months after tax salary. FI initially followed that “rule”. I accepted the proposal (I would have said yes to ANYTHING that meant forever with my love) but soon after said no to the ring. We ended up with a ring that was slightly less than his 1 month salary. I think e-rings are one of those things where the saying different strokes for different folks applies. For me, 3 months salary was unnecessary and unnacceptable.

Post # 5
Member
532 posts
Busy bee
  • Wedding: May 2014

I think nowadays one month’s salary is adequate.. though it’s all relative. Depends how much the groom earns. However it shouldn’t be about the money (that’s not license to spend spend spend by the way) – get something you love, that will last and that you can afford. Make sure you will love it forever, you’re wearing it the rest of your life. This is the only part where I reckon spending slightly more you can sort of excuse – x amount of thousands when you divide it out over the next 60-90 years of your lifetime is peanuts really!

Post # 6
Member
9226 posts
Buzzing Beekeeper
  • Wedding: May 2018

I think the general guide is 3 months, but ultimately it is whatever your fiancé and you are comfortable spending, be that 2 weeks’ salary or 6 months’ salary. We didn’t use that guide, I don’t think it is as common to follow that anymore.

Post # 7
Member
5421 posts
Bee Keeper
  • Wedding: August 2014

I’ve mostly heard the 3 month ‘rule’.

My ring cost just over 1 month’s salary; we’d have been prepared to spend more (just under 2 months of his salary) with me chipping in, but came in well under budget in the end.

I wouldn’t have been comfortable spending any more at this stage in our lives.

Post # 8
Member
120 posts
Blushing bee
  • Wedding: May 2015 - The Runnymede Hotel

The ‘month’s salary’ myth was made up by deBeers diamond company in the 1930s to get people to spend more on this token. 

http://en.wikipedia.org/wiki/Engagement_ring#Purchase

The same goes for the idea that the engagement ring needs to be a diamond, when traditionally it was a coloured stone. 

 

My ring cost £250 ($415) and I love it. It’s an aquamarine stone with a few teeeny tiny diamonds on a white gold band. I would have been horrified if FI had paid a month’s salary! It’s just a bit of bling!

Post # 9
Member
9226 posts
Buzzing Beekeeper
  • Wedding: May 2018

FI spent over the 3 months ‘rule’ but it depends on salary and what you want to spend, some rings will only cost a few days’ salary for some, while others may cost several months’ salary for some people. It varies so don’t feel like you have to stick to an apparent rule/guideline. If you find a ring you love for less or more than that and you guys are happy with it that’s good and you shouldn’t feel like you can’t get it because it isn’t three months salary 🙂

Post # 10
Member
2657 posts
Sugar bee

I’ve always heard 3 months salary, but we had zero intention of spending that much.  I would have been pissed if I found out FI spent that amount on a ring when it could have been spent on our house instead.  Having an expensive ring wasn’t a priority for me, even though we had the money to get one.  My ring is palladium with a CZ center stone and aquamarine accent stones, and it’s perfect for me.  We often joke that he followed the “3 days salary” rule.  

Post # 11
Member
8426 posts
Bumble Beekeeper
  • Wedding: April 2013

I’ve heard 2 months gross, but my ring only cost a few days salary.  I can’t imagine what kind of conniption I would’ve had if my husband spent that much lol.

Post # 12
Member
7098 posts
Busy Beekeeper
  • Wedding: August 2012

I had never even heard of this until coming to the bee. Considering 3 months salary would break some people and be a drop in the bucket to others, it’s not really a very good “rule” IMO.

Post # 13
Member
2675 posts
Sugar bee
  • Wedding: May 2014 - Madison, WI

I’ve heard both the one month rule from my parents and others of their generation and the three month rule more from members of my own generation. My ering cost about 1.5 months of FI’s salary, which is less than 1 month of my own earnings.

Post # 14
Member
1952 posts
Buzzing bee
  • Wedding: May 2013

I’ve always heard two months salary!

Post # 15
Member
3722 posts
Sugar bee
  • Wedding: August 2013

I’ve heard both but totally ignored both. We never even talked about what price point I’d be comfortable with, that was all his deal.

He spent a little more than half of one months salary. 2-3 months salary would have been a stupid amount to spend on a ring 🙂

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