(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 # 47
    Member
    10216 posts
    Sugar Beekeeper
    • Wedding: November 2010

    @corgs: omg i thought yours was a tiffany!!!! get out?! but i secretly still look at the tiffany ring a few times a week lol!! i bet i’ll stop once i get my own but it’s my obsession.

    Post # 48
    Member
    1813 posts
    Buzzing bee

    I just asked, and he said about 7 weeks take home not gross…about 1 month gross.

    Post # 49
    Member
    3709 posts
    Sugar bee
    • Wedding: May 2011

    @moderndaisy…I used to think the same thing…until it was my turn to get the big ring. I don’t HAVE to work after marriage but I worked hard to get my degree and build my career so I am planning on working b/c of the personal and professional satisfaction that it gives me. I like knowing that I am contributing financially even though it won’t be anywhere near what my FIs financial contribution will be. Although when we have kids I will be a stay at home mom until they reach pre-K or I lose my mind…whichever comes first =)

    I know you didn’t mean your comment as a slam….but as one of those brides who is blessed with the big ring, I just wanted to point out that some of us choose to work for reasons other than financial.

    Post # 50
    Member
    873 posts
    Busy bee
    • Wedding: December 1969

    Fiance spent half a month’s salary on my ring … because I picked it out and hold him to spend that much.  We could afford more,but there are so many other things I would rather spend my money on despite the fact I love love love rings.  Mine is technically a wedding band although there are 5 reasonably sized diamonds in it.  I much prefer it over one large diamond, but that’s just my style.

    Post # 51
    Member
    362 posts
    Helper bee
    • Wedding: August 2010

    I was there when we had the ring designed and the estimate was given.  I was shocked when he said yes because he’s pretty frugal except when it comes to his car.  He already had the center stone and spent a chunk on that as well so that added to the overall cost… It comes to a little less than 2 months salary for him but I certainly didn’t expect him to spend that and I told him so.  He said that all that mattered was that I was getting something I was happy with that didn’t break the bank 🙂

    Post # 52
    Member
    1269 posts
    Bumble bee
    • Wedding: January 2011

    B spent as much was necessary he felt to get me the ring he wanted me to wear.

    Post # 53
    Member
    211 posts
    Helper bee
    • Wedding: March 2010

    I don’t know the exact cost of my ring but I would guess it was more than 2 months salary.

    It’s not extravagant by any means but it was the one ring we both loved so he thought it was worth it.

    Post # 54
    Member
    4566 posts
    Honey bee
    • Wedding: August 2010

    I think mine is going with the 2 month rule just… because. We’re in a tight spot financially, but I think it’s really important to him so we’ll just… go with it. I’m more worried about him just taking the first thing that comes along when he could get more for his money. He tends to not shop around as much as I do.

    Post # 55
    Member
    908 posts
    Busy bee
    • Wedding: June 2009

    Do they mean 2 months of your actual salary or what you take home after taxes?

    Post # 56
    Member
    5282 posts
    Bee Keeper
    • Wedding: October 2009

    My Fiance spent very close to a full 2 months salary (after taxes) but I know it wasn’t due to the fact that he was following this rule. He & I believe there should be no “rule” when it comes to picking out an engagemet ring. The cost ironically fell into that category just by chance after he found me my perfect ring.

    @DaisyBride: I think the rule is before taxes, but I could be wrong 🙂

    Post # 57
    Member
    92 posts
    Worker bee
    • Wedding: September 2010

    As many other bees have stated, this depends on personal choice as well as the amount of salary earned by that person. In my case, I figured that this was the one piece of jewelery I was going to wear for the rest of my life so I wanted it to be exactly what I had envisioned. However, there is a point when “too much” is exactly that! even though my FI’s employer compensates him very well, he only spent a month’s salary on the ring and most of that was spent on the diamond. My Engagement Ring was purchased at the Shane Co. here in Az, which is where I found the perfect setting, but the grand total would’ve been close to 12,000!!!! Instead, I found a very similar setting at Kay jewelers (for half the price!) and had them replace the “main” diamond with the one from the shane co. It totally worked out and given my FI’s salary, we don’t think it was too much to pay.

    Post # 58
    Member
    16 posts
    Newbee
    • Wedding: October 2010

    My fiance is not a terribly good saver. I love him to pieces but that is the truth. On the plus side he is very generous and this is not the last piece of jewelry I will receive from him.

    The cost of my engagement ring, artist-made with a center stone gifted to us, and wedding ring together come to about 3 weeks of his take home pay.

    His wedding ring will cost me about half of that. 🙂

     

     

    Post # 59
    Member
    1068 posts
    Bumble bee
    • Wedding: March 2011

    I seriously think that this “rule of thumb” is a ploy from the diamond industry to have people spend more on the ring (or make them believe that they should spend more then they can). I think is really depends on a few factors (finger size, style of the bride, what the bride does, etc). I work in low-income communities, and I actual turn my ring around when I’m at work…it’s not really appropriate.

    Post # 60
    Member
    647 posts
    Busy bee
    • Wedding: June 2011

    The reason you saw this rule on a jeweler’s website is because they are trying to sell you a larger/more expensive ring than you would otherwise buy.

    Post # 61
    Member
    3124 posts
    Sugar bee
    • Wedding: December 2009

    It depends on how much he makes! A larger salary would mean a larger ring, but seriously, 2 months of salary can be out of hand. I’m practical, though. I think a good rule of thumb for how much someone should spend on a ring is to use savings. If you can save it, while saving normally and paying your bills normally, you can afford it.

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