Post # 107
Much to my chagrin, my Fiance spent about two months salary on my ring. I preferred something less expensive but he was adamant about me having a real diamond. Seeing it was his money, the ball was totally in his court. I probably would have thrown a fit if he suggested spending any more than he did.
Post # 108
+1 … you’re exactly right.
Post # 109
No way. I don’t think people actually follow that “rule.” My rule is get what you want and can still afford.
Post # 110
Oh hell no, Fiance makes $5000 a month, I would make him return it if he spent 15,000 on a ring for me!
Post # 111
I wouldn’t call us high earners, but upper-middle for sure. He picked a number out of thin air as a budget for my diamond. A nice fat round number. In the end it was almost 3 months’ salary (net) for the diamond, custom setting, and wedding band, but he had it all saved and didn’t have to finance it. We also both valued the idea of a higher-quality smaller stone that a 2+ carat included diamond. But he still wanted it to look appropriate for my fat fingers and our position in life, so a high quality diamond around a carat starts to get spendy.
I’d have been happy with less, but I love what I have and am certainly not unhappy that he spent so much. He wouldn’t have spent it on new furniture, it was for a ring, that’s just how he is.
Post # 113
Fiance makes 6 figures and we spent nowhere near 3 months salary. We didn’t even spend a month’s salary. I think that’s a silly “tradition.”
I’d base spending decisions for this more on the amount in savings and what percentage of that you feel OK moving from savings to your finger.