(Closed) Did anyone ask the cost of your ring? Help – not sure what to do.

posted 4 years ago in Rings
  • poll: Has anyone asked how much your ring cost? *You can select multiple options*
    No - my friends and family know that's none of their business : (91 votes)
    43 %
    No - but I'm sure they would love to know. : (42 votes)
    20 %
    Yes - and I told them. : (21 votes)
    10 %
    Yes - and I refused to tell them (either politely or not) : (29 votes)
    14 %
    Yes - and I regret telling them : (5 votes)
    2 %
    You're overreacting - just tell the stepmom and move on with you life : (20 votes)
    9 %
    Other : (6 votes)
    3 %
  • Post # 46
    Member
    105 posts
    Blushing bee

    It’s kind of ironic that you would let strangers on the net know how much you paid, but not your family. It’s not to hard to figure out how much Fiance paid if your told us your state (we can figure out the tax rate), and the approximate amount of taxes that your Fiance paid or that you would get as a deduction (in a previous reply)…a little bit of linear algebra & we have an approximate purchase amount. I am just baffled that your state lets you claim these amounts back legitimately when they were personal purchases. Thats kind of awesome / kind of odd.

    I personally don’t care if people know – I tell them – it’s not like that number means anything.

    Post # 47
    Member
    528 posts
    Busy bee

    If your Fiance is not deducting actual sales tax paid and instead just takes the general sales tax deduction (there is a calculator on the IRS website that allows you to calculate this so you can take the deduction without actually having to keep your receipts all year and add up the sales tax), then you shouldn’t need to disclose the price of the ring for tax purposes as it does not qualify as one of the “big ticket” items that the IRS allows you to take an additional deduction on.  If you take the general sales tax deduction, you may also take a deduction for actual sales tax paid on a motor vehicle (includes motorcycles, off-road vehicles, and recreational vehicles), a boat or aircraft, a mobile home (including mobile homes or prefab homes), and substantial renovations to a home.  You can find more information on this by going to the IRS website and reading through the Schedule A instructions.

    In summary, it’s none of her business and she has no legitimate reason to ask.

    Post # 48
    Member
    3611 posts
    Sugar bee

    A couple of FI’s friends asked in a roundabout way and he spilled the beans, which I wasn’t thrilled about. TBF, they were all drinking at the time and the guys who asked were looking to buy rings for their girlfriends at the time (since engaged), which is what led to the conversation. The scenario I’m most comfortable with is our friends and family not knowing the cost of my ring, but oh well. Worse things could happen than some people knowing the cost of my engagement ring. I get where you’re coming from, though – I’d be annoyed if my Future Mother-In-Law was a gossip too, and gossiped about the cost of my ring. At least with these guys I bet they probably forgot about it and didn’t really gossip.

    Post # 49
    Member
    672 posts
    Busy bee
    • Wedding: August 2016

    AussieEncore:  Yay! Thank you for your kind words. And yep, just like you, the shocked faces were what got me to thinking it’s really no one’s business how much my ring cost. I’m glad I could be of help. 🙂

    Post # 55
    Member
    3611 posts
    Sugar bee

    sunshineno5:  Right, totally different motivations there. I would just get my taxes done super early next year if I were you, like as soon as you get your W-9 in the mail, and then by the time your Future Mother-In-Law even thinks to ask about them it will already be a done deal.

    Post # 56
    Member
    11 posts
    Newbee
    • Wedding: September 2015

    A lot of people asked about my ring because they were expecting something bigger, fancier. But the truth is, I gave him the ultimatum, I blantly told him the maximum$$ I want him to spend on my ring or else answer is a no.
    Sure I wanted an engagement ring, but I also want an ATV, I want a vacation at least once a year at an international location, and two others within the US, I want a nicer vehicle and a bigger house. And unfortunately, I really want that ATV more than the giant blingy rock.

    So in the end, I still got a decent size blingy rock, but I also got my ATV, hence why the rock was smaller than what people expected.

     

    At the end of the day, its my ring and its our future life. Do you want a fiance the spent $10,000 on your ring and has nothing left in his savings to start your life together? Or do you want the one that got you the $5000 ring but has the remaining $5000 saved up?

    Post # 57
    Member
    1258 posts
    Bumble bee
    • Wedding: May 2014

    No and I agree it’s rude. My ex husband once asked his good friend how much he paid for his fiance ring. ..ugh, I was cringing 

    The topic ‘Did anyone ask the cost of your ring? Help – not sure what to do.’ is closed to new replies.

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