Post # 1
Recently, my girlfriends and I had quite a lively discussion about how much a guy should spend on e-rings. Now I am here, to ask you for your unbiased opinions!
I know the 2-3 months salary rule (in the US) was invented by jewelers to make people spend more money. So I am asking, what do you think is reasonable depending on the guys salary? Also, what would you consider too cheap? Specifically, lets say a guy makes 60k and spends 5k for the ring? Or another guy makes a 6-figure-salary (British Pound, US-Dollar or Euro) and spends less than one month of his salary for the ring?
Please let me know what percentage of a yearly salary a guy should invest in the ring. Also, please add the country in which your estimation would be considered normal!
Post # 3
I know some women have very particular ideas about how much they would like the ring to cost, but I think as long as you like the way it looks, it’s fine. I’d probably like it to cost a few hundred dollars, as it seems like things under that price might be less well crafted, likely to break or tarnish. A few years ago I bought a very pretty ring at a vintage store for about $80, and the woman asked me if I was buying my own engagement ring like she did. I don’t think I’d turn down anything for being too inexpensive, but i might be less pleased with something that looked cheap.
The 2-3 months salary or amount of money also doesn’t apply if the ring is a family heirloom.
Post # 4
I personally found a ring online I LOVED for $100.00 and wanted that ring. He spend more then that, saying he wasn’t that cheap! I think its the sentiment more then the money, but I’m a VERY money conscious person so I would have been MAD as H*LL if he would have spent $5k on a ring!
Post # 5
I don’t think there exists a specific number for what someone “should” spend, I think it just depends on what they’re comfortable with spending. It’s kind of like when you’re pre-approved for a house and it’s way above what you want your monthly mortgage to be- you can technically afford it, but that doesn’t mean you HAVE to spend that amount.
For us, I asked what figure he was most comfortable with so I had a realstic idea of what could be afforded and what to show him.
Post # 6
I don’t really think there’s any such thing as “too cheap” if you like the ring and it will last. I just wouldn’t want to have to replace it later on because I’m sentimental like that 🙂
Post # 7
I would on no account spend more than about £1,500 on a ring, no matter what the groom earns. You have to wear this ring every day… big rings make you a target for crime, catch on things, and are too easily damaged.
Personally, I think that heirloom rings are more meaningful, and every family has a few lying about. I kept telling Fiance that I wanted an heirloom ring, but he insisted on buying me one instead (don’t get me wrong though… it’s very nice!). I would have been just as happy (if not happier) with a beautiful ring which used to belong to my great-great grandmother… ironically, the two rings are extremely similar. Same diamond size and specs, with a simple platinum setting.
Heirloom rings are, of course, free. Therefore, I don’t think there is a minimum amount… just a maximum one, for me.
Post # 8
@may_wedding: Depends on a lot of things including priorities and where you are in life. I don’t think there’s a one size fits all rule at ALL. I think both parties should be comfortable with the price.
Post # 9
Buy something nice. Figure out what you can afford or would be comfortable spending. Then look at your options. For that price, see what you can manage in terms of quality and appearance. If you aren’t happy with your options, either you’ll need to redefine your expectations or spend a little more (if affordable). If you find something considerably below the price you intended to spend, that certainly isn’t a problem.
I wouldn’t worry too much about what % of your salary it is. It’s much more important that it meets both of your expectations and is a reasonable price for you. You can decide what reasonable is – don’t worry about a percentage…
Post # 10
As long as the couple love it then there is no too cheap.
Post # 11
I don’t think there is a magic formula that men need to follow. Everyone is different with different situations. There could be one man who is a doctor with massive amounts of student loan debt making 150k a year and a man working in finance who has had all his schooling paid for by his parents making 150k a year. These two men should not be expected to spend the same amount of money. Also living expenses are A LOT higher in some areas like where I live. I wouldn’t expect someone paying 2,500 to rent a one bedroom apt (San Francisco) to spend as much as someone who makes the same living in a cheaper area.
I guess I just believe that men should pay what they are comfortale paying. If that’s 100…great. if that’s 100,000..that’s great too.
I asked my fiance for a 50 dollar QVC diamonique ring. Instead of getting me what I asked for, he got me a diamond ring. Now when I say that I need a new car…he likes to joke that I’m wearing the new Audi Q5 I want on my finger! =) If he had proposed with a car instead…I don’t know I might have been happier! hehe.
By The Way: I stll want that QVC ring! =)
Post # 12
I think it’s just natural to think that salary plays a huge part in the buying of the e-ring process. I’ve known girls who basically said you better get me this or you better spend at least that. However I can see this question ruffling a few feathers.
Post # 13
I think anything over $1,500 is too expensive. Period. I don’t think there is a such thing as too cheap of a ring. If you love it, who cares.
Post # 14
@may_wedding: I think it totally depends. My first engagement ring (in college) was less than $100 and I loved it – we had no money and could not have spent more. I think a plastic ring would be “too cheap” – unless the couple loved it for some reason, in which case no one should say anything negative!
Post # 15
@may_wedding: I agree with previous posters … I don’t think there is really a hard and fast rule when it comes to the amount that “should” be spent on an engagement ring.
I hate to admit it, but I have expensive taste. My fiance has always known this about me. When we were talking about getting engaged, I started showing him pictures of Tacori rings I liked so he could get an idea of what I liked. We ended up going ring shopping together so I could try them on, and I got a beautiful Tacori ring that was perfect for me.
That worked for us, though, because the price was within a range he felt comfortable spending. If he told me up front, “I don’t feel comfortable spending more than $1000,” I would have considered other options. I didn’t need him to spend a specific amount … It just happened to work out that his “comfort zone” included the ring I fell in love with.
If it matters at all, the ring I received still wasn’t 2 months salary for him. I honestly don’t know that I would feel comfortable with him spending 2-3 months salary on a ring for me.
Again, I think it depends on each couple and what they’re comfortable with. This was just an example of our situation.
Post # 16
Honestly, I was originally looking at rings that cost like $60 and my dad told me that was way too cheap and that if I told Nerd that’s what I wanted, he would feel inadequite buying it. Now what I’m looking at is in the $800-$1000 range. :/