Post # 1
During my Bridal shower the other day one of FI’s family members made a pretty rude comment but it got me thinking. She said she was surprised we got such a simple ring considering what my FI makes. She continued on that rule of thumb was to spend 3x his monthly salary. This would have been 10x what we spent and can’t imagine spending that on the ring. But was curious if people still went by the 3x the monthly salary. If you don’t mind sharing 😉
Post # 3
Do you mean what percentage of his/yours/our monthly salary was spent on my e-ring? If so I think you will need higher percentages than 20%
EDIT: just kidding! I saw that you changed the poll options! Now it makes sense.
Post # 5
Less than 1 month. I insisted on an Asha and told him he was not allowed to pay more than $1000.
I’m old. I just tell people what to do now.
Post # 6
Between 1 and 1.5 month’s salary
ETA: 1 and 1.5 month’s of HIS salary alone. .5-1 month of our combined salary
ETA again: I’d be P.O.’ed if he spent that much on a ring.
Post # 7
The 3 months salary thing is bull shit. If that were some “rule” that everyone had to follow, I’d be dragging around one hell of a rock.
To answer your question, my ring was roughly 2% of our combined salary as it was purchased out of our joint accounts.
ETA: Since you changed your poll, it was less than 1 months salary.
Post # 8
I realized I never answered your question. haha.
DH didn’t even know there was a “rule” to this. He just set a budget that he was comfortable with and that was it. I had no say. But my guess as to what he spent on the ring is the same budget I had in mind.
Post # 9
I have a really nice ring but holy smokes – I just did the math and there is no way we would have spent that much on a ring. We both felt like what we spent was a little extravagant, but worth it. Including my wedding band, we are at about 1.5 – 2 months of his salary. Including my salary, my rings cost 1 month of combined salary.
Post # 10
@Happy7: 3 months salary would get me a ballin ring and one that is not appropriate for everyday wear. I’d say mine was a little less than one months salary.
Post # 11
What’s funny to me is that when I was in high school, the de Beers commercials were still saying “how else can TWO months’ salary last forever?” The “three months” idea is relatively new, and both are just based on bullshit marketing.
The family member who made that is gullible as hell, as well as being rude.
p.s. We spent 0% of our incomes on it – we skipped the e-ring altogether!
Post # 12
OMG, I can’t even imagine wearing a rock worth that much. I don’t think I’d ever leave the house with it. Then, I’d probably sell it and take a trip with the cash instead!
Post # 13
Less than a month but it was still over 5 figures. 3 months and I couldn’t even imagine what it would like.
Post # 14
Of his salary – gross – he spent about 2 months’. If we’re talking net it would have been closer to 3 months’.
But he didn’t really have that in mind. He set a budget, found a diamond that was over it, bought it anyway, then we shopped around for a setting, couldn’t find one I liked, and had one custom made. I swear we got a good deal on it all though, and I’m not as high maintenance as that sounds. 🙂
ETA: he thought it was 2 months, which is what I’ve always heard (but never bought into) and that may be loosely what he based his budget on, but I think he just picked a nice round number.
Post # 15
@UpstateCait: I agree. His aunt is old school and has had a few opinions on things that we are doing since they aren’t “traditional”.
He spent .5% on my rings. I can’t imagine having to budget with 25% less income for the year.
Post # 16
This always makes me think of The Office, when Michael buys Holly a ring with three years’ salary 🙂