(Closed) Two Months’ Salary?

posted 10 years ago in Rings
  • poll: Did your FI spend two months' salary on your e-ring?
    Yep, I think it's an appropriate gauge for budgeting. : (37 votes)
    18 %
    Yeah, but I think that's too much to spend on a ring! : (15 votes)
    7 %
    No, that's unrealistic to expect, especially these days. : (98 votes)
    48 %
    No, he's too frugal. Love him anyway! :) : (19 votes)
    9 %
    He spent even more!! : (35 votes)
    17 %
  • Post # 3
    Member
    2457 posts
    Buzzing bee
    • Wedding: November 2010

    I’ve Heard 3 months luckily for my Fi I didnt enforce this. He spent 1 months salery (b4 tax)

    Post # 4
    Member
    298 posts
    Helper bee
    • Wedding: October 2010

    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
    Member
    689 posts
    Busy bee
    • Wedding: September 2010

    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
    Member
    4384 posts
    Honey bee
    • Wedding: May 2011

    i wouldn’t have wanted him to spend that much. he spent under 1 month’s salary and i’m glad 🙂

    Post # 7
    Member
    6571 posts
    Bee Keeper
    • Wedding: February 2010

    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
    Member
    11324 posts
    Sugar Beekeeper
    • Wedding: February 2011

    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
    Member
    2889 posts
    Sugar bee

    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
    Member
    4765 posts
    Honey bee
    • 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
    Member
    1854 posts
    Buzzing bee
    • Wedding: December 2009

    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
    Member
    599 posts
    Busy bee
    • Wedding: September 2009

    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
    Member
    1363 posts
    Bumble bee
    • Wedding: June 2009

    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
    Member
    1756 posts
    Buzzing bee
    • Wedding: September 2010

    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
    Member
    681 posts
    Busy bee
    • Wedding: March 2020

    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
    Member
    1514 posts
    Bumble bee
    • Wedding: August 2009

    I thought it was 3 months too littlemissmango.  Mine spent about that for my engagement ring. 

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