(Closed) different ideas about what a ring should cost….

posted 10 years ago in Waiting
  • poll: How much do you think an engagement ring should cost?

    $1000-$5000

    $5000-$10000

    $10000+

    He can tie a string around my finger...or whatever he can comfortably afford

  • Post # 17
    Member
    3586 posts
    Sugar bee

    Dreamingbee- Yeah, my SO felt the same when I showed him the original ring I liked. He turned up his nose, so I gave him the REAL want.

    I’m sure the ring he does get you will be nice. You know how men have to have their women looking nice! ๐Ÿ™‚

    Post # 18
    Member
    3586 posts
    Sugar bee

    Dreamingbee- Yeah, my SO felt the same when I showed him the original ring I liked. He turned up his nose at it being “so cheap”, so I gave him the REAL one I want.LOL

    I’m sure the ring he does get you will be nice. You know how men have to have their women looking nice! ๐Ÿ™‚

     

    Post # 19
    Member
    375 posts
    Helper bee

    I think the right ring cost depends on your income primarily and then how much that ring means to you. I know that everyone hates the “two month salary” rule, but I think it helps because people should not be spending more when they can’t afford it. I don’t see too much sense in financing a huge ring when you’ll soon have a wedding (and possibly home down payment) to worry about paying for.

    Post # 21
    Member
    375 posts
    Helper bee

    Well… about the 2 month thing (sometimes I’ve heard 3). I told my bf that I wanted 2 months pretax. lol But that was because I knew more about how much he had in savings and what I wanted to spend too.

    Post # 22
    Member
    4160 posts
    Honey bee
    • Wedding: October 2011

    I joked with my Fiance that my ring had better be 3 months salary…which would have been about $24,000.  Obviously I would never expect that, and I was really excited with what I did end up with.  I agree with some of the other Bee’s, you need to let him know what you’re comfortable with and tell him that it needs to be something HE’S comfortable with too.  Do not go into debt for a ring!!!!!

    Post # 23
    Member
    1995 posts
    Buzzing bee
    • Wedding: June 2010

    I would make sure he understands the importants of it being an investment , but not spending money just to spend it.  Does he like to show off or flaunt his money?  Heck – spend it on the wedding if you don’t want more than 10K on your finger.  Also since you’ll probably combining finances let him know you’d like to save money for your future and you’ll be happy with what you told him.  If he wants to spend a lot make sure he gets the lifetime warrenty/cleaning/replacement/chip etc plan.  If he’s not listening then something is wrong; it’s got to be about both of you discussing it – his money, your jewlery.

    Post # 24
    Member
    860 posts
    Busy bee
    • Wedding: May 2011

    I think the salary rule should depend on what you are comfortable with.  I would not be comfortable spending even a month’s salary on an engagement ring, but some people would be comfortable spending several months salary.  I guess it sort of depends on how much you like jewelry ๐Ÿ™‚ 

    But there’s something else I wanted to point out… you say “he might have more money than I realize.”  I hope you know your bf’s salary, savings, investments, debt etc. and his spending/saving philosophy.  If not, I really think you guys should talk about it.  Unfortunately, money is very important to a marriage… lots of fights over it.  This is something you need to be clear about before you get engaged, IMO.

    Post # 25
    Member
    1278 posts
    Bumble bee
    • Wedding: November 2013

    We had a discussion  about this not so long ago… I was reading a newspaper article and there was a little breakout box that said “the average Australian engagement ring costs $5k” and I personally thought that was WAY too much!

    I showed him and he agreed! We talked about how anything more than $2500 would be far too much. I dont wear a lot of jewellery and wouldn’t be confortable with anything big.

    We both love to travel and are currently saving for a big trip to Europe and so we would both rather the money went into that than onto my finger!

    We have been lucky though, we have friends that have large rings, small rings, medium rings and all kinds! So there isnt any pressure to one up anyone with a giant ring because really, nobody cares about that with our group. They just care that you are getting married! I think the most expensive one I have seen was $8k and she was a bit mad that her fiance had spent so much!

    Post # 27
    Member
    1554 posts
    Bumble bee

    One of my favorite movies is The Count of Monte Cristo and in that movie, Edmond ties a sting around her finger … well she does, so I would be thrilled if that happened because then it’s like the movie and how freaking cute would that be?

    Post # 28
    Member
    4544 posts
    Honey bee
    • Wedding: September 2010

    I think it should be whatever the man can comfortably afford. Personally, I’d rather have that money go towards a house, a new car, a vacation, kids, etc.  It’s a symbol of your FI’s love but I firmly believe that it shouldn’t break the bank or cause any financial tension. Of course he wants you to have something nice and you want something nice but you can get a great diamond for prices that don’t break the bank!

    Post # 29
    Member
    129 posts
    Blushing bee
    • Wedding: May 2011

    @Dreamingbee, it could also help to put things in perspective for your BF. Maybe a gentle reminder that the average size for engagement rings in the US is 1/4ct would help him realise that a 3ct eye buster although lovely is NOT the norm or what is expected.

    Post # 30
    Member
    10360 posts
    Sugar Beekeeper
    • Wedding: September 2010

    View original reply
    @DreamingBee: Any money he spends on a ring now comes out of future money you’d have for a house, security savings, future children’s college funds, paying down student debt, you name it. I would feel extremely uncomfortable if my Fiance spent more then $5,000 (he ended up spending much less). The ring is nice, but it doesn’t do anything – it doesn’t provide transportation, feed us, house us. It really is nothing more than a symbol, and how much does a symbol NEED to cost? I hate the rat race rings – the ones that are only large to be large and impress people. They are a big turn off for me. Not worth the money, in my opinion!

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