(Closed) What is a reasonable amount to spend on a ring

posted 4 years ago in 20 Something
Post # 3
Member
1926 posts
Buzzing bee

@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
Member
2147 posts
Buzzing bee
  • Wedding: September 2014

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
Member
263 posts
Helper bee
  • Wedding: May 2014

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
Member
2955 posts
Sugar bee
  • Wedding: February 1998

I think you should spend what you can afford without going into debt for it:)) 

Post # 7
Member
7990 posts
Bumble Beekeeper
  • Wedding: August 2012

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
Member
7121 posts
Busy Beekeeper
  • Wedding: June 2013

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
Member
11239 posts
Sugar Beekeeper
  • Wedding: August 2013

@Holly77:  Agreed. My ring was much, much less expensive than that.

Post # 10
Member
8044 posts
Bumble Beekeeper
  • Wedding: December 2013

@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
Member
594 posts
Busy bee
  • Wedding: March 2013

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
Member
2250 posts
Buzzing bee
  • Wedding: August 2010

@Holly77:  +1.

$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
Member
1671 posts
Bumble bee
  • 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
Member
3057 posts
Sugar bee
  • Wedding: February 2015

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
Member
343 posts
Helper bee
  • Wedding: May 2014

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.

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