Post # 1
My fiance and I went ring shopping yesterday. I was just currious about what you all think is a propper amount to spend on rings? The ring set I fell in love with was just over $4,000 (closer to $4,200) with a military discount(he’s active duty AF), in-store sale, and the type of credit we would have chosen. The ring is a Vera Wang 1/2 karat solitaire with accents and a matching wedding band on each side.
What do you think? Is $4,000 too little, average, or too much?
Post # 3
@Ladybug2013: The national average is apparently $5200, so I think it’s reasonable! My ring is being custom made and will be $2500 along with the matching band.
Post # 4
It depends on what he’s comfortable with. If he can afford it without hurting…go for it! It should be relative to his salary…a guy making 20k a year, spending 4k would be a lot. For someone making 50k, that’s not really hurtful, financially. Most people I know who are engaged have rings that were between 5-10k, but we’re also late 20’s and pretty much established in careers.
Post # 5
I think it depends on what you want.
For a diamond, I think $4,000.00 is a great budget (bigger than mine I’m sure, lol). But, if you had your heart set on a blue topaz ring, I think $4,000.00 would be way too steep…
Post # 6
I think you should spend what you can afford without going into debt for it:))
Post # 7
I think that’s a reasonable price if it includes both bands. I’d have a look at bluenile too if you haven’t, as you may be paying more from the brick and mortar stores + the brand name.
Post # 8
I don’t think you should pay any attention to any averages. This should solely be about you and your SO and what you are comfortable spending.
Post # 9
@Holly77: Agreed. My ring was much, much less expensive than that.
Post # 10
@Ladybug2013: There isn’t any set rule. I think 2-3 months’ salary is the general guideline (some think it’s stupid since originally it was a De Beers marketing ploy.. but every ‘rule’ originates somewhere, right?).. but it’s whatever you can afford/think is reasonable as a couple IMO.
We’re spending a lot on the ring because it’s what we want.. we don’t want a fancy wedding etc. but to each their own. It doesn’t interfere with any of our future goals, travel plans etc. and we won’t need to get into debt or finance it either.
Post # 12
I think there is no set amount or rule that can be applied but I am a firm believer that if you can’t pay cash you can’t afford it. An engagement ring should be planned for and represent the ability of the FI to prioritize. If that means a 2,000 savings or a 20,000 savings towards a ring that’s irrelevant. It should just be what the guy can afford.
Post # 13
$15,000 may be perfectly reasonable for one couple, while $50 is reasonable for another. This is a very difficult question to answer because it completely depends on the circumstances!
Post # 14
- Wedding: October 2014 - Church
@Ladybug2013: I think that it’s really none of anyone’s business how much you guys spend on your ring. Some (like me) would think it’s a lot for just one ring, while others would think it’s a very small amount. It’s not for anyone else to say except you and your fiancé …
ETA: You can always upgrade later on in life if the ring costs too much right now.
Post # 15
Reasonable to me is less than we ended up paying lol Idk what was going through my mind when I agreed on a 6k budget but if I could go back, I wouldn’t be spending that much. I do love my ring! Don’t get me wrong but I don’t have 6k worth of love for it lol
Spend what you feel comfortable with but really mull it over. Don’t be impulsive. My advice =)
Post # 16
I totally agree that it depends on your budget, you shouldn’t get in debt for the ring but get what you both want. Personnally, I do not want my FI to spend thousands of dollars on my ring. I don’t want something cheap either but since I’m not one who wants a solitary diamond with the bands, I think and I hope he will be able to get me something around 500 $. I’ve already shown him the kind of ring I would like and I think if he has it custom made by a friend he will be able to get me the ring w ith a sapphire or a different kind of stone. Not a diamond.