(Closed) I always wondered (ring question)

posted 6 years ago in Rings
Post # 3
Member
204 posts
Helper bee
  • Wedding: May 2014

Budgets for rings vary widely per each couple.

For some, $8k may seem like too much.  For others, it may be just right or below their budget.

Now, someone with an ‘average’ salary may budget for an $8k ring well in advance.  So, paying that amount won’t be much of a burden at all. 

On the other hand, trying to buy a ring at that price for anyone who hasn’t budgeted for it– meaning an $8K ring was not a priority as opposed to other things in life— will not be as feasible.

Lastly, no one ever truly knows someone else’s bank acct– only the person holding it.

Post # 4
Member
11272 posts
Sugar Beekeeper
  • Wedding: April 2012

@pinkeclipse:  this is true. 

isn’t the rule of thumb 3 months salary?  i don’t know if people follow that though.

Post # 5
Member
1595 posts
Bumble bee
  • Wedding: May 2013

they save?

Post # 6
Member
275 posts
Helper bee
  • Wedding: July 2014

My ring is similar to the one you like and I have been asked if it is real.  It’s a very weird and uncomfortable question to get because it inevitably is followed up with a question like “are you marrying a millionaire”.  How do avg ppl afford them?   they save or take our payment plans (like they would for something like a car)

 

Post # 7
Member
870 posts
Busy bee
  • Wedding: September 2012

@missdorado26:  Actually the “fancy” shapes should be a bit less expensive given that all the other stats are the same. Rounds are the most expensive.

Post # 8
Member
493 posts
Helper bee
  • Wedding: July 2013

@missdorado26:  My fiance has a very good job and is also VERY good with money.  He saves a lot and is very responsible financially.  

My princess cut is 1.51, and no one has ever asked me if it was real or not.  Some people have said things along the lines of “wow that thing is huge”, which I think is rude as well.  I have a career that I love with a low salary despite my master’s degree, so maybe that’s why people are surprised.  

All that matters is that you love what you have and what it symbolizes, your love and commitment to each other.

Post # 9
Member
14443 posts
Honey Beekeeper
  • Wedding: June 2011

How?  For us, we live well below our means and save as much as we can.  Even individually, before we met, we’ve always lived like that so when engagement ring time came, it was not a big deal to get just about anything I could have realistically wanted.

 

Post # 10
Member
602 posts
Busy bee
  • Wedding: March 2012

Darling Husband saved to buy my ering, which is just under 3 ct t.w.  My set is 4 ct t.w. and no one ever questions if it’s real or not (it is btw).

Post # 11
Member
705 posts
Busy bee
  • Wedding: July 2013

@mypinkshoes:  NO.  When I was younger, it was 2 weeks salary.  Then it was 1 month, then 2 months and now apparently 3 months.  There is no set rule for how much a man should spend.  He should spend what he feels comfortable spending.  3 months salary is one quarter of a year’s wages.  Take out 25% of every paycheck for a year and tell me that this would be ok to demand that a man pay for a bauble.

OP–I have a moissanite ring and if you want a diamond and would try to pass your moissanite off as a diamond, I am telling you now not to waste your money.  A moissanite is just not up for that.  It’s not a simulant, it’s a completely different stone with completely different properties.  Most people will glance and assume but if anyone who knows jewelry or has a moissanite of their own looks at your ring for more than a moment, they will know because it’s pretty obvious.

Personally, I think it’s stupid to put yourself in a bad financial place over a thing, especially something that isn’t directly making your life better.  You could get something smaller and more economical and upgrade later.  If you can afford it at the sale price then go for it.  But if it’s going to be a financial burden to purchase this right now, I think you should make your first decision as an engaged couple a responsible decision.

Post # 12
Member
587 posts
Busy bee
  • Wedding: October 2013

@pinkshoes:  yes same here. the ring took a chunk out but it didn’t sting like it could have

Post # 13
Member
652 posts
Busy bee

I’ve wondered the same thing.  It looks like based on the thread responses, most of the time people save up the cash with a plan as to how much they will spend.  I will be honest here, and I am a bit older (early 40s), and I think that say, maybe 10-15 years ago that I thought that people were probably charging things like this on credit cards – I guess I’m looking back to a time where people seemed (to me) more enratputred with material things and competing.  Or, maybe that’s just the way *I* myself thought back then.

I feel like now, after all of the things that have happened in a financial sense (and I’m referring to the USA here), the housing crash, recession and just people seeming to be more aware of being wasteful, that the credit thing of the past may not be the same today.  

Just a theory I have.  I just think these days that people are more conizant of their spending and if they do have an expensive ring it’s because they planned for it, and it was high on their personal list of priorities.

Post # 14
Member
483 posts
Helper bee

The only way I have a ring that cost way more than we could afford is because I worked at the store and payed very little above cost plus it’s considered an “exceptional value” so the diamonds are hit or miss I happen to grab the best stone I could get my hands on I knew I was never gonna end up with a flawless colorless diamond any time soon ! So I chose something that still looked beautiful and plus I’m a bigger is better when it comes to diamonds (as long as there not clearly ugly) also my work offered 36 months at a reduced interest making payments really low and I factored the retail value of my e-ring and band plus his band,  as well as the sale prices, cuz he usually reduce prices 50% from retail near holidays for all our customers,and then what I actually payed and although the total was technically over the 3 month salary “rule” for an e-ring we also got both our bands . Also both me and my SO didn’t have many other bills to worry about and a wedding still isn’t for a while because I hate to charge things and have bills so we plan on saving a good portion in no particular rush

If someone is on a budget it’s all about timing , planning, special offers and searching for the best deal possible, negotiation as well at taking advantage of special finance options. Jewelry has a crazy mark up and being in the business i have a huge problem spending more i should especially when i know i can make it for myself cheaper .. I joke about how  I technically am gonna be wearing a new mini cooper on my finger when in reality we payed for  a beat up Toyota (no offense to anyone with a Toyota just a very practical car ) 

Post # 16
Member
493 posts
Helper bee
  • Wedding: July 2013

@squishee:  Plenty of people still charge lots of wedding things, including rings!  They may just not be speaking up here.  

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