(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 # 62
    Member
    520 posts
    Busy bee
    • Wedding: November 2010

    I think it’s really personal and depends on your budget, there’s no hard rule, and if people are worried about needing to spend 2 months salary, many will either not propose or get themselves in debt.

    My Fiance spent about 1.5 months salary (and 3 months later, it’s already paid for).  He was worried I was expecting he’d spend 2 months salary on it, and I had to reassure him I had no expectations of walking around with a 15k ring!  He was worried about carat size, I was worried about quality and cut, so I just told him to get the best 1ct ring he could afford.  I also did the research and suggested online vendors to save on tax (he bought it from James Allen).  My ring sparkles like crazy!

    Post # 63
    Member
    201 posts
    Helper bee
    • Wedding: June 2012

    I think it might not be the best thing to have a rule like “two months’ salary.” If tons of people go by this, then the ring will just be a symbol of who’s the richest. “How rich is your man? Oh, I can tell by your hand. Nice job of snagging a rich fish!” or “Ahh, your guy isn’t so successful, is he?”

    Post # 64
    Member
    9053 posts
    Buzzing Beekeeper
    • Wedding: June 2010

    I voted he’s too frugal, but I actually think it might have been my own doing.  Personally I wouldn’t have been comfortable wearing a ring that cost more than my car…  In all seriousness though, we had discussed the budget for my engagement ring, and came to an agreement that we could get something beautiful for much less than two months salary, and would prefer to focus OUR money on other priorities. 

    Post # 65
    Member
    8736 posts
    Bumble Beekeeper
    • Wedding: September 2011

    My Fiance technically spent 3 months of his “base” salary. But he makes a fair bit of overtime and has a fair bit of company stock so it probably worked out to about 1 month of total salary.

    Post # 66
    Member
    14987 posts
    Honey Beekeeper
    • Wedding: June 2011

    I think this gauge isnt very valid anymore.  Maybe he has a lot of loans or other things to pay back and 2 mos salary is rediculous to spend on a ring, maybe he lives at home and has very little expenses, so 2 mos salary would be easy to do.  Maybe he has a lot of savings from odds and ends or inheritance, maybe not.. the list goes on and on.  But I think Fiance did spend about 2 mos salary before taxes, because he’s a reallly good saver and because even though I didnt pay for my ring per say, *we* could afford other things we wanted like a house because I’ve been living at home and saving for a long time. 

    Post # 67
    Member
    5889 posts
    Bee Keeper
    • Wedding: May 2012

    i also always heard three months

    Post # 68
    Member
    514 posts
    Busy bee
    • Wedding: April 2011

    He would have spent more, but I’m too frugal!

    So he spent about one month’s salary.

    Post # 69
    Member
    2410 posts
    Buzzing bee
    • Wedding: July 2011

    I always heard that these baselines were invented by the diamond industry (i think De Beers specifically) as a marketing ploy.

    Post # 70
    Member
    79 posts
    Worker bee
    • Wedding: August 2011

    I don’t know the exact amount he spent but it probably comes to about 3 months of his salary, maybe a little more.  I also found out that he was secretly saving for the past 2 and a half years so there was no debt involved.  If I had known before how much he was going to spend I would have said no way but my ring is amazing because he has no debt from it I am happy and wouldn’t trade it for the world!

    Post # 71
    Member
    572 posts
    Busy bee
    • Wedding: December 1969

    No he didn’t and I am glad that didn’t.

    Mine was maybe 1/2 a months salary but it’s stilla pretty nice ring, sometimes I wonder if it’s too much.

    Post # 72
    Member
    841 posts
    Busy bee

    I believe it was de’ beers that came up with that standard (I think that’s how you spell it). I think you should spend what is within your budget. Bankrupting yourself over a ring is sooo not worth it! 🙂

    Post # 73
    Member
    2203 posts
    Buzzing bee
    • Wedding: October 2011

    @Prettyinpink89:DeBeers also came up with the phrase “A diamond is forever”

     

    Crazy, huh?

    Post # 74
    Member
    68 posts
    Worker bee
    • Wedding: August 2011

    The ring we’ve both looked at and decided on is slightly over 3 months’ salary. I don’t think there’s a “right” or “wrong” amount to spend, and I do think the guideline is a little ridiculous, it’s just whatever the man is comfortable spending–and for mine, he wanted to spend a little more (TOTALLY okay with me!) No matter how much one spends, in the end it all means the same thing–that he’s giving you a ring that means you’ll be together forever! The price has nothing to do with it!

    Post # 75
    Member
    10363 posts
    Sugar Beekeeper
    • Wedding: September 2010

    I would have killed him if he had spent $9,000 on a ring. That’s just WAY too much money!

    Post # 76
    Member
    183 posts
    Blushing bee

    I personally think it’s a decent gauge on a ring budget but my fiance was not about that at all … oh well, still love my ring 🙂 

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