How much?

posted 2 years ago in Rings
Post # 2
Member
706 posts
Busy bee
  • Wedding: November 2003

I think that varies from person to person. Your income. Your debt. What you value. A whole lot of factors. What I think is reasonable is probably outrageous to some and very little to others. 

Post # 3
Member
12779 posts
Honey Beekeeper
  • Wedding: June 2011

I agree with alabamagirl, but I guess you want to know actual figures and opinions…so I think 10-15k is normal.  Over 20k would be “too much” to me.

Post # 4
Hostess
9831 posts
Buzzing Beekeeper
  • Wedding: May 2014

MrsAtobeOneDaySoon:  too much is what you can’t afford.  To us, 3 months salary, “the rule” was too much, personally, I wouldn’t be comfortable with more than 10k on my hand.

Post # 5
Member
8565 posts
Bumble Beekeeper
  • Wedding: December 2013

Whatever you cannot afford is too much

Post # 6
Member
1242 posts
Bumble bee
  • Wedding: August 2015

 

MrsAtobeOneDaySoon:  I’d say average around me is $10k. I wouldn’t be okay with my FI spending that on a ring, thats why we went with moissanite. We have better things to spend that money on

Post # 7
Member
4634 posts
Honey bee
  • Wedding: September 2014

This is very subjective. My ring would be considered ‘too much’ by a lot of people, some would even be appalled.. But, for us it wasn’t too much, relative to our incomes and our savings.

When you’re stretching yourselves to buy something or going into debt, I think its too much.

Post # 8
Member
2455 posts
Buzzing bee

“Too much” is relative. In my personal opinion, if you have to use credit or go into debt for it then it’s too much. If you’re sacrificing normal things for it, it’s too much.

Normal as in, if you’re sacrificing groceries and living off Ramen noodles for a piece of jewelry, it’s too much. Choosing to forego a new wardrobe for a ring is OK though.

Post # 9
Member
3331 posts
Sugar bee
  • Wedding: December 2014

MrsAtobeOneDaySoon:  This 100% depends on the person, their financial situation and how much they are willing to spend on a single piece of jewelry. My e-ring was about $1500, chump change to a lot of bees on here, but just about as much as we were willing to spend. It also helped that I didn’t want a big rock and I didn’t want a diamond. I can’t imagine spending tens of thousands of dollars on a piece of jewelry. Even if I had the money to spend, I’d rather spend it on travel or retirement savings, but different people have different priorities.

Post # 10
Member
1482 posts
Bumble bee
  • Wedding: August 2013

What mrssloan2013:  said.

That and what do you care about? I didn’t care about having the ring itself – it’s more symbolic than anything else. I got a morganite ring that costs less than my monthly rent and I’m super happy.

Post # 11
Member
2791 posts
Sugar bee
  • Wedding: May 2015 - Walnut Hill Bed & Breakfast

Mine was $2,000 and even thinking about spending that much on something that isn’t “useful” makes me cringe but I love it. I wouldn’t go above $5,000 but that’s just me. I’d rather have other stuff. I’m sure that’s “nothing” compared to everyone else. 

Post # 12
Member
5207 posts
Bee Keeper
  • Wedding: February 2013

MrsAtobeOneDaySoon:  It depends on the couples’ current and expected financial situation. February will be 2 years since I got married and I still don’t have an engagement ring. DH proposed by putting my promise ring on my left hand. We don’t earn a lot of money and we decided years ago that whatever savings we were able to accumulate would go towards a house rather than a piece of jewelry. I love our house! If other people can comfortably afford both even better! We couldn’t, but that’s ok, and there’s no right or wrong amount across the board.

Post # 12
Member
6334 posts
Bee Keeper

It’s all relative, depending on salary, savings, debt, etc. Generally speaking, it’s probably too much for someone if they have to go into debt for it.

Post # 14
Member
300 posts
Helper bee
  • Wedding: April 2016

Agree with PP. Too much for me is $2000. 

Post # 15
Member
2679 posts
Sugar bee
  • Wedding: October 2015

To me too much is over $4k. My e-ring with my wedding band came to around $2.5k and I personally wouldn’t have spent much more.

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