- 7 months ago
- Wedding: November 1999
I don’t think the three month is ever a standard. I have heard of saving two months for a ring. He was in a position to get a larger diamond and did so. We are older and established. He went with a 4 Carat round center with 1 1/3 carat mounting. It was definitely less than 3 or even two months salary.
Ours was an heirloom so we didn’t pay for it, but I wouldn’t have been cool with him spending 3 months salary on a ring. That seems like SO MUCH. Saving for a house was way more important.
He bought a diamond ring that was about 1 month of his pay, we paid for our own wedding, and then we bought a starter home not long after we married. But we were early 20s, still students, and not from money.
As it was, I was surprised that he spent so much. I had suggested he buy a ring a fraction of the cost since I like jewelry but not as much as I like other things that cost money. Even though he’s now making triple what he did then I’d still go for the same ring.
No, and I wouldn’t have wanted him to! He spent less than 1 month of his salary on it.
My original ring was more like a week’s worth of pay.
Subsequent upgrades have been 1-2 weeks combined pay.
Our 10 year anniversary ring will probably be around the 1-1.5 months of income.
Also, when did people start using 3 months salary as the benchmark? I grew up hearing 2 months?
Nope. I spent a fraction under £7k/$10k. I’ve always set that arbitrary amount as the most I’m willing to spend. It’s more of a principle thing. I live in London and want to use my money on a house. As a self employed contractor my 3 months salary would allow me to spend a lot more, I just wouldn’t feel right.
PS these are my own opinions. No judgement on anyone that sticks to 3 months. It’s your money so you should do with it as you see fit.
I thought the tradition was two months? My hubby spent about that, but he had it in savings etc already. xo
No. He had a size range in mind, and did the research to see how much a stone of the size/cut/clarity would cost, and set the budget accordingly. Doing the math it ends up being about 2 months of his full salary, but he’s a bit of a higher earner so while my ring is of average size it wasn’t as huge a hit to his salary. The rule is stupid…couples should spend what they can afford and want.
That “rule” was invented by diamond company’s for commercials to get people to buy more. It’s not a rule it’s an advertising ploy (so heck no– I don’t believe in being that manipulated)
We got engaged in the mid 90s and spent about $200 getting his late grandmother’s diamond reset in a simple white gold setting. At the time he was making about $18k year but no way could we have justified spending 3 mos salary; we were living paycheck to paycheck.