Post # 1
With all the research I’ve done on engagement rings, I’m struck by one thing — how freaking expensive, even for the “alternatives” like moissanite, these things are. BF and I both make decent money and I have some savings that we’ll likely use for my ring. Now, we live in an expensive area and are just moving in together and will be saving some money doing that, but there’s still only a little left for savings each month and it seems silly just to pour that into a ring. Then again, its expected. My one hesitation for getting moissy is having to tell my mom its moissy. Anyone who asks, sure, but my mom will be super judgemental of BF if we get moissy or if she finds out I pay for it. Now I can afford to get the ring I want in diamond, but it means using half of the money I have in liquid savings at the moment. Its iike, I can afford to get the “real” version (which would be about 13K) but is it worth it to meet expectations? I don’t know. Is it also something that we’d be questioned on, when we make ~120K combined that we’re only spending 3K-ish on a ring? As you can see, I’m conflicted. I guess I am just shocked when I see some of the rings on here, like, how do people afford this?
So, if you will, what is your combined salary (range) and how much did you spend on your ring?
ETA: I should also mention that both BF and I come from families that are “well off” and have some money so I think expectations on their part are higher because of that as well…
Post # 3
@google: The “saying” is 3 months salary of the person buying the ring, if that helps. I think it’s worth it, but I have always known I wanted a nice engagement ring. I don’t wear much jewelry at all and have never had a “dream” vision for a wedding but I have always “dreamed” of my future engagement ring, so it was worth it to us (him?) to spend more and get the diamond I wanted to wear for the rest of my life. We bought preowned which is really the best savings out there. I also did not like the look of moissanite compared to a diamond and found moissanite to fall “flat” in certain lighting conditions and not look as sparkly from afar compared to a diamond because it had little sparks of fire not long white beams of sparkle like a diamond. Just my opinion!
To answer the question: My bf and I make $130,00 starting and he spent $18500 on a preowned ring that was originally purchased 4 months prior for $31,000–(we offered $500 more than a jeweler who wanted to buy it for resale, and we ended up getting it!) Also, I should mention my bf has a lot of money in savings.
Post # 4
I wouldn’t spend half your savings on a ring that expensive! Holy smokes!
Since you asked, our combined income is about 210K, and my ring cost just under 5K. So, for my personal frame of reference, a $3000 ring on a 120K combined income isn’t an “only” figure at all!
Post # 5
I think it’s just about your priorities. We make upwards of 150 together, but I still just wouldn’t be comfortable walking around with a ring the price of an economy car on my finger. We ended up spending 3500 on my Engagement Ring, which I still felt like was a LOT.
Post # 6
I know exactly how you feel with the money (I live in Arlington, too!) We’re roughly in the same bracket as you money-wise, and I know Fiance didn’t break the bank on the ring (I told him in no uncertain terms to not spend more than $5k on a ring.) He went to Boone & Sons in Farragut and got a fantastic deal — and it appraised for literally double that he paid.
Hope that helps a little!
Post # 7
First, you should get the ring you and your partner are comfortable getting. Don’t let other people’s expectations dictate what should be a very personal choice for you and your fiance. No matter what you decide, there will always be someone who will have something to say whether it is positive or negative. From what I have read on WB, moissy seems to be a very good alternate to diamonds if you are abhorrent to spend that much on a ring. Sometimes I wish I knew about it before Fiance and I picked out my ring.
Edit: forgot to answer your original question. Fiance and I make a total of around $140,000-$160,000 depending on our bonuses, and he spent roughly around $16,000 on my e-ring.
Post # 8
We make $170,000 combined and my husband spent $20,000 on my ring. Three months salary is what he went by. I’ve seen some really amazing rings under $5,000. I don’t think you have to spend a ton to get something beautiful.
Post # 9
We make between $150k and $160k together and my ring cost between $7k and $8k. It had nothing to do with the “rule” just what we were comfortable spending.
Post # 10
We did not go by the three months salary rule. Fiance spent an amount we were comfy with from her savings, and we still have some left over for a down payment on a house and/or a rainy day. Honestly you should do what you are comfortable with.
Post # 11
We make about $100k together and are spending $3200 on my final ring (just one, not separate engagement/wedding rings). It is the ONLY ring I want and we’re both happy with the price 🙂
Post # 12
We didn’t use any kind of rule! I waited for a good sale to tell my Fiance which ring I wanted, and also traded in an old ring that I had.
Our combined salaries are about $90,000.
The original price of my ring was about $4500. It was on sale, plus I traded in an old ring, which brought the total price including tax to $2300. The store even had a 0% financing option for one year, which Fiance took advantage of and paid it off over about six months.
Post # 13
Fiance makes ~$60K and spent $15K on my ring. It was what he personally felt comfortable spending and he saved for almost a year. Personally I didn’t mind. It’s not like we were broke or anything while he was saving for it (I didn’t even notice he was saving for it!).
Post # 14
At the time we got engaged I was unemployed, so we were just living on FI’s salary which was $50k at the time. My e-ring cost just under $1k.
Post # 15
We make like $110k combined/year. My ring was around $5k. However, his friend is a diamond jeweler and got us my stones at wholesale and custom made the setting for free.
Post # 16
Together we make maybe 40k a year (we’re both in college, so we work part time during school and full time in the summer). My 1ct moissy cost us $600. I think that’s a fair price and it’s my DREAM RING. My mom would be super judgemental if she knew it wasn’t a diamond…but she can’t tell (it’s unenhanced,but round which apparently fares better). Problem solved, everyone’s happy, and I’m SO HAPPY about it!