Post # 1
I recently heard of this “standard” of engagement ring budgeting (I even want to say I saw it on Tacori’s website?) and I was just curious… is this actually the norm for the average couple? Thought I’d ask my bees if their ring budgets went by this, if any are willing to share!
Post # 3
I’ve Heard 3 months luckily for my Fi I didnt enforce this. He spent 1 months salery (b4 tax)
Post # 4
Mine was a little less than one month’s salary, after tax. I thought even that was quite extravagant for a ring — but I do love my ring.
Post # 5
i believe i’ve read that somewhere too..but honestly, it’s whatever Fiance would want to get for you..but i think that that’s a pretty good gauge for budgeting…
Post # 6
i wouldn’t have wanted him to spend that much. he spent under 1 month’s salary and i’m glad 🙂
Post # 7
i didn’t vote, because i don’t really know about ring budget. mine was free! passed down in the family. if he had bought it, i’m not one to care how much he spends, but i also have no idea how he feels on the subject.
Post # 8
I don’t know exactly what Fiance spent but I have an idea. If I’m guessing right, he spent almost exactly two months’ salary before any taxes/deductions. I don’t know if that was on purpose just a coincidence… I think that he just fell in love with this ring and thats what it cost. It does seem like a LOT of money to spend on a ring— basically it costs more than everything else I own combined haha. I just keep in mind that this is something I am going to wear every single day for the rest of my life. If you figure out the per-day cost over say… 50 years, its mere pennies a day! 😉
Post # 9
I voted no for two reasons. First of all Fiance was a student, about to graduate and become a full time job hunter when he proposed so he didn’t have a monthly income, just student loans and he didn’t want to take out a loan or buy my ring on credit which I respect. Second, those standards are absurd to people outside of the US. Fiance was not aware of the one month or 2 months salary “standard.” In fact last week a German colelague of mine returned from a conference in the US shocked to hear that Americans spend 3-4 (this is what he was told) months salary on an engagement ring. He thought they were pulling his leg and came to me for verification.
Now that Fiance has a salary, he wants to replace my engagement ring with an upgraded version but I’m kind of attached to it. It is so much more him than a replacement could ever be.
Post # 10
- Wedding: January 2011 - Vintage Villas
Mine technically was WAY less than that because the diamonds were passed down so he only had to pay for the setting. However, I don’t think that there should be a set amount that he is “supposed” to spend…I kind of just feel like that puts too much focus on the ring and how expensive it is – who cares? What matters is the commitment and what the ring represents!
Post # 11
I know I’m definitly a minority here… but we found a really beautiful ring, that was not in the “engagement rings” section, and that cost 1/10 of the price that I wouldn’t exchange for the world! I chose it and thought it was prettier than any conventional e-ring..
I am happy about it because I would rather spend our money on useful things than jewelry. Don’t get me wrong, I love my ring and am very attached to it- and get compliments on it all the time – but we choose to spend on the house and travel and save money for kids rather than on wedding related details. I would really feel bad if later in life, we can’t afford things or have to wait to spend on house projects because we spent it for a ring or a party…
Post # 12
I voted based on assumption because my husband didn’t and will not tell me what he spent. But based on my requests and also looking at my ring, I know that he did not and that is the way I wanted it.
Post # 13
We spent a little over one moth of my salary, based on what we had in our savings account. I think we went over our ideal budget by about $200. I love my ring, and I’m glad we found something so awesome and unique.
Post # 14
I didn’t vote, as none of the options worked for me. I know exactly how much my fiance paid, as I lost my first ring and had to file a police report, which necessitated calling him to find out the estimated value of the ring. I would have strongly preferred to not know. And my ring is expensive. Way more than I thought it was, but still less than two months’ salary, as my fiance is fairly well compensated at his job. I think the two months “rule” is basically something devised by the diamond industry, to coerce people into thinking that spending a ridiculous amount of money on a ring is reasonable.
Each couple needs to figure out what will work for their budget. My fiance’s take on it was that this was a purchase he should only have to ever make once, and so he was fine with it making him uncomfortable. Another couple’s results may vary.
Post # 15
I voted for “He spent more” but it’s a little skewed. Fiance is going to medical school through the Army so he gets money for living expenses each month. So my ring was more than 2 months of his pay.
Post # 16
I thought it was 3 months too littlemissmango. Mine spent about that for my engagement ring.