(Closed) What percentage of income was your ring?

posted 8 years ago in Rings
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  • Post # 3
    721 posts
    Busy bee
    • Wedding: September 2015

    My Fiance paid for my ring, and it cost 5.1% of his annual income before taxes.  I voted 5-10%.

    Post # 4
    349 posts
    Helper bee
    • Wedding: March 2015

    4.02% of pretax income went to my ring. 

    Post # 5
    774 posts
    Busy bee

    My Fiance paid about 8% of his income before taxes

    Post # 6
    2936 posts
    Sugar bee
    • Wedding: July 2015

    I’m not engaged yet, but our budget is 4000 which is like 21 percent of my SO’s current salary? That is for my rings and his ring though. So he’s really only paying like 3000. It sounds really high, but my SO has been saving for years and he just got a new job (he graduated from college in december) so he isn’t making a lot yet. hopefully I dont sound snooty 🙁

    Post # 7
    1887 posts
    Buzzing bee
    • Wedding: July 2014

    I can’t remember how much Fiance earns so I estimated, but I’m pretty sure it’s under 5% pre-taxes.

    Post # 8
    5965 posts
    Bee Keeper
    • Wedding: June 2013

    Well, we were in college when Fiance proposed. He didn’t have a job at the time, he used money that he had saved so I guess I can’t really give a percentage. Based on the job he does have now the ring I have would have been 4.4% (pre-tax). Granted, if we had waited longer to become engaged he probably would have spent more on it but I would never expect him to pay 25% of his salary towards a ring!

    ETA: The ring was about 2.5% of our combined income.


    Post # 9
    2635 posts
    Sugar bee
    • Wedding: August 2012

    Found the ring of my dreams for a very affordable price. It was 3.5% of my salary alone. I paid part of it with my Fiance because it was an upgrade from a gemstone ring he had paid for. 

    Post # 10
    543 posts
    Busy bee
    • Wedding: December 2014

    Mine was a little less than 5% of my FI’s salary alone. 1.8% of our combined salary. That’s just my engagement ring, not including our wedding bands! I’ll pay for half of those. 

    Post # 11
    3954 posts
    Honey bee
    • Wedding: September 2013

    Well we didn’t pay for my whole ring because the center stone was an heirloom. If we did, it would have been 27% of his annual income. For what he paid, I think it was about a month’s salary.

    Post # 12
    5521 posts
    Bee Keeper

    My original one was 2% of his annual income pre-tax; the replica one we’re having made, which OH is also paying for, is 9% of his annual income.

    Our maximum budget for the remake was 14% of his annual pre-tax income. I wouldn’t have wanted to spend any more than that, as neither of us are on high salaries. If we were on higher salaries, I’d have been OK with the 3 month salary ‘rule’, but, doubt I’d have liked anything in that price bracket.

    Post # 13
    2223 posts
    Buzzing bee

    How much is too much? If you can’t afford it, it’s too much. For some that number would be $500. For others it would be $200,000. It might be 1% of your income or 99% of your income. One number or magical equation will not fit every financial situation. For instance – we easily landed in the 10-15% category. But we were easily able to pay for it in cash, not drain any savings, and had significantly more stored away in retirement and other accounts. For us, it was a drop in the bucket. So, perhaps 10-15% would be unimaginable for you but keep in mind that others are in very different situations and due to their situations that number or higher ends up not being unimaginable or irresponsible in the slightest.

    Post # 14
    1034 posts
    Bumble bee
    • Wedding: July 2013

    @abirdword:  “They” is actually the diamond industry, who have a lot to gain by urging men to spend 25% of their annual income on a diamond.

    We would never spend that kind of money on jewelry and never on a diamond. 

    Post # 15
    5229 posts
    Bee Keeper
    • Wedding: March 2012 - Pelican Grand Beach Resort

    Ours was somewhere in the .005% range because DH asked for my mother’s ring which she had promised to whichever child asked for it first. We just had to have it inspected, cleaned, and sized. This ring would’ve cost over $10k if we had paid for it. We could never have gotten that kind of money together on our salaries.

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