(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 # 17
    Member
    1018 posts
    Bumble bee
    • Wedding: January 2010

    I don’t know how much my ring cost, but he did tell me he thought it was incredible that men would spend 2 or 3 months (or more!) salary on the ring. My ring is perfect and he didn’t skimp on quality– he was just very careful, which I appreciate!

    Post # 18
    Member
    7052 posts
    Busy Beekeeper
    • Wedding: July 2010

    I’m with RedHerring as it’s up to the budget of the groom and not imho based on some obligatory or created (probably by the diamond industry) as a basis for ring buying.

     

    Post # 19
    Member
    7776 posts
    Bumble Beekeeper

    yeah… I think mine ended up being a little less than one month. The more he spent on the ring, the less we have for a wedding and a honeymoon so I have no issue with this.

    Post # 20
    Member
    119 posts
    Blushing bee
    • Wedding: December 1969

    I think my fiance expected to spend about 2-3 months of salary on an engagement ring.  I didn’t know anything about this though, because we hadn’t talked about rings and budgets before he proposed.  If I had been in on the conversation I would have suggested he spend less and get a smaller center stone.

    Post # 21
    Member
    473 posts
    Helper bee
    • Wedding: September 2009

    There’s no hard and fast rules – it all comes down to what you can afford and to what you feel is appropriate. Now that I think about it, I think it was about 2 months worth, before taxes, or just under that. It’s what he felt was appropriate, I guess.

    But, I would have been just as happy with one month’s worth… I think!

    Post # 22
    Member
    3709 posts
    Sugar bee
    • Wedding: May 2011

    I voted No b/c depending on how much your Fiance makes, that could end up being a ridiculously large sum of money to spend on jewelry.

    I just found out how much my ring cost and while it wasn’t even equivalent to 1 month of HIS salary…it’s still a lot of darn money for a ring.

    I think whatever is reasonable for your FIs budget is what he should spend. Going into debt for jewelry is not really my thing.

    Post # 23
    Member
    1489 posts
    Bumble bee
    • Wedding: December 1969

    We did about two months’ salary after setting a budget for the ring and then shopping together. It’s the ring of my dreams alright and I’m just happy we were able to afford it.

    Post # 24
    Member
    193 posts
    Blushing bee

    I heard that the two-month salary standard is actually a recent invention (and yes, if I remember correctly, it was by a diamond company!).

    I accidentally found out how much my now-husband spent. It was more than one month’s, but less than two, but he didn’t even know about the “standard”, he just knew what kind of diamond he wanted to buy!

    Post # 25
    Member
    4479 posts
    Honey bee
    • Wedding: March 2010 - Calamigos Ranch

    We went by the amount we thought was reasonable to spend. I think 2 months’ salary (and now sometimes I hear 3 months!) is an unfair expectation. It may be appropriate for some people, but it’s not necessarily reasonable for everyone.

    Post # 26
    Member
    3331 posts
    Sugar bee

    You know, I honestly have no information on how much he spent on my ring.  I could probably estimate it roughly, but he went to great lengths to keep me from knowing exactly how much it cost.

    Post # 27
    Member
    948 posts
    Busy bee
    • Wedding: March 2010

    We set a budget, and the ring I chose was about half of that budget- still less than 1 month’s salary.  I just didn’t want something that expensive, just something that would hold up over time and look nice. 

     I think the idea of 2 or 3 month’s salary is also a way to have the guy plan out his future and seriously reflect on the idea of getting engaged and eventually married, since if he is using that as a set amount, it will take him many more months to reach that amount what with bills and such. 

    Post # 28
    Member
    2680 posts
    Sugar bee

    I voted that he spent more, he spent about 3 months salary on my e-ring (after taxes)

    Post # 29
    Member
    1371 posts
    Bumble bee
    • Wedding: August 2010

    My fiance spent almost one month’s salary at the time he bought it.  He went into a couple of stores with his budget and at one (a big chain here in Canada), the saleslady asked how much he makes!  Then she told him it was way too little money and he had to spend 3 months.  He told her she was rude and refuses to go back since.  Ha!  He said this was not an uncommon experience and many stores showed him rings over his budget.

    He ended up buying it from Spence as they only show you diamonds within and under your budget, and allow you to peruse the store without hounding you.

    As for my ideals, I still think the amount he spent was too much, and I have one of the most modest rings of all of my friends.  I’m not a jewelery person and would rather the money be spent on things more important to me.

    Post # 30
    Member
    245 posts
    Helper bee
    • Wedding: July 2007 - Rosary Chapel & Monterey Marriott, Monterey, CA

    In all honesty, I would have KILLED Mr. Lemon if he had spent 2 months salary on my ring. I would have been so sad to see so much money all go into a giant piece of bling.

    Instead, he completely impressed me with his shopping savvy and I was woo’ed that he didn’t bend to commercial pressure.

    Post # 31
    Member
    6659 posts
    Bee Keeper
    • Wedding: May 2010

    My FH spent probably almost 2.5-3 months salary before taxes/deductions on my ring if I am computing correctly. We both are in our late 20’s and have steady well paying jobs with barely any expenses besides rent so I was fine with his decision. It’s also all paid off already. The carat size and quality of the stone were very important to him and we didn’t get any hand-me-downs from family or anything since we’re both the youngest in our families (our oldest siblings all got hand-me-down stones/rings). So the amount he spent makes sense for him/us.

    I’ll tell you though – sometimes I look around at work and see people with these huge 3+ carat stones and I wonder “Why are you even working if you or your husband can afford that?” Which is a little judgemental of me, but I think also an indicator that some people might spend waay too much on a ring.

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