Post # 1
There have been posts to show off rings, talk about the size of rings, when we are getting rings ..etc. But I was curious to what each person’s opinion is on how much you think your FI should spend on your e-ring.
Post # 3
More than the cash you have.
Any amount more than a few hundred dollars if you have a lot of credit card debt or a lot of student loan debt… just my feelings.
Post # 4
@stewie…so do you thing the ring price should be determined on how much ready cash you have today? Or do you think it should be determined based on how much you can save within a set time period and still take care of other financial responsibilities?
Post # 5
The cash you have when you want to purchase it. Be that today or two years from today.
Saving for it is great, if that’s what someone wants to do. I just hate seeing people get in over their heads with putting $8,000 on a credit card they won’t pay off for years. Just doesn’t make sense to me.
Post # 6
Yeah I think totally depends on personal finances – not just how much you make, but debt, whether you’re in a stable job or not, are you saving for a home, a car, etc.
I think the appropriate amount is a splurge that doesn’t leave a huge dent on your finances.
Post # 7
totally depends on the financial situation. i would be pissed if m spent over a couple of hundred dollars (and luckily i found ones that i love for that amount on overstock and a few other places)… they aren’t the retail prices, but hey i’m happy with them…
Post # 8
Mine was between $800-900 and even that was a huge expenditure. Spening $2k+ was simply not an option.
Post # 9
I agree with not putting it on credit. FI saved an amount he was comfortable spending and paid cash which made us both feel good.
Post # 10
I think you should spend what you can afford, plain and simple. Whether you are Bill Gates or a high school senior, I feel like you can find pretty rings at any price!
Post # 11
The antique dealer we bought my ring from did layaway. That really was the best option for us. No debt, and the ring is mine free and clear. I just had to be patient, paying on it for almost an entire year was pretty tough.
Post # 12
I’m with Miss Sequoia – whatever you can afford is what you should spend.
Post # 13
we upgraded because we wanted to change the setting and my fiance wanted to use the diamond credit and get a better clarity diamond. we’re students and it was hard to pay off… we wont be done paying back our savings acct til january. we paid WAAAYYYY TOO MUCH!
LONG STORY SHORT, it was NOT WORTH IT!! i wish i had just kept the sentimental smaller, I1 clarity ring that I originally got. I really do.. Although we did kinda get tricked by the salesperson, it was ultimately our fault. tough lesson most definitely learned.
the funny thing? i keep losing diamonds outta my setting that was super expensive (for us anyway)… ugh. anyone considering spending a bit out of their price range for that “perfect” ring…think hard!
Post # 14
Well I think it obviously depends on the couples budget and what they have to spend on a ring. No one should go into insane debt on a ring and How much it was should not mean anything!! But my fiance definately went beyond my expectations! 🙂
Post # 15
What kind of question is this? What’s too expensive varies on the individual’s budget. We make a poll about this and inevitably will make people with more expensive rings feel bad. This is economic judgment and I’m not for this.
Post # 16
I think it should be: do not get into debt, and use the amount available now, do not plan to save money for months/years for a ring, because then you wait to be engaged while both know that they would be if it weren’t for money… I wouldn’t have liked that. Also, do not spend all the money you have available right now, keep some for savings and the wedding!