(Closed) Your combined salary vs. what you paid for the engagement ring

posted 10 years ago in Rings
Post # 122
Member
722 posts
Busy bee
  • Wedding: November 2011

combined: $225,000 a year before any bonuses.  Ring price: around $13,000 I think…it’s gorgeous.  But I didn’t contribute any money towards it.

Post # 123
Member
2721 posts
Sugar bee
  • Wedding: December 2011

When did the guideline jump from 2 months’ salary to 3?????  

When we bought my ring, DH was making about $80,000 per year.  The ring was $3K.

Post # 124
Member
2721 posts
Sugar bee
  • Wedding: December 2011

Frankly I think that three month salary thing is a bunch of advertising crap. You want an expensive ring – fine. But I do remember commercials where the jewelry industry claimed that was the norm.

@KT808:  No kidding!  It is totally a bunch of crap that DeBeers started.  One of my economics professors last semester told us about when those commercials came out, how relieved he was to already have been married.  

Post # 125
Member
59 posts
Worker bee
  • Wedding: September 2013

Approx $175k combined (I did not contribute to the purchase) and ring is valued at $22k. We just saw it as such an important investment that I will wear for the rest of my life so we felt it was worth the cost. It is all personal preference. I have friends with $1000 rings and they are beautiful and just as meaningful. 

Post # 126
Member
35 posts
Newbee

@Diamond84:  

:/ it’s true. It’s sad when we judge others and try to assume their situation is ours. Like if a woman spends 500k on a ring who am I to judge her and her fiancé and say that that money was wasted on a rock? Other people around the world think that paying $600 for a ring is foolish. I’ll be honest my ring was 32k and it was something that my boyfriend (since I’m still a waiting bee ^_^) was comfortable paying. I didn’t grow up with money. But I’m thankful that my bf and I are in a field where we are very well compensated. Do I feel like it’s a lot? Of course! I’m not stupid  -_- But you can save ever so much money. An engagement ring is one of those few moments where I think a couple gives each other a little breathing room to splurge.

Why? Well because most of us are planning to wear this ring for a looooonnnnnngggg time. If I was only going to wear it one day there is no way that the price would be justified. Logically I think, as I know others do, that the ring pays itself depending on the number of times you wear it.

As much as some people are going to hate this the majority of people place a high emotional value on a ring and sometimes we want to see it monetarily. I love my bf! I mean I’m going to spend the rest of my life with him. I would do anything for that man! Yet if he gave me a ring worth 1k it would’ve hurt my feelings greatly. You see that amount isn’t a big sacrifice for him. He spends that on eat out each month. It’s like the story in the bible about a poor woman who donated all her money. It was significantly less than what others gave but in the end she gave more than they ever could 😉

So to some ladies a 1k ring from their lucky guy means the world because it’s something that he gave them and that he sacrificed from his end. For my guy it was 32. In the end it’s a personal choice that only involves the couple and the only person that can appreciate the true meaning of your ring is you.

To this day I have a $15 promise ring my bf gave to me 7 years ago. To me it’s one of the most beautiful things in the world and I wouldn’t change it for the world!

Post # 127
Member
384 posts
Helper bee
  • Wedding: August 2014

i wouldn’t spend alot on a ring but that is me!!  we are thrifty shoppers and i like to spend money on other things!!

Post # 128
Member
400 posts
Helper bee
  • Wedding: June 2013

My ring was about 1 week of our combined salary, with some overtime. That was from my summer/his more permanent job though. I’m not sure what my grad school salary will come out to as far as weekly pay goes. Probably less.

For the record, the ring was $700 pre-tax. We definitely couldn’t have afforded more than that and I felt very guilty for spending that much. Combined, our wedding bands come out to under $350. We found something we both love so we got it while we still could (Etsy sellers).

Post # 129
Member
931 posts
Busy bee
  • Wedding: June 2013

Combined income: $140,000
Engagement Ring: $12,000
Wedding band: $1,800

I did not contribute to my e-ring, but we will pay for my wedding band together.

Post # 130
Member
2186 posts
Buzzing bee
  • Wedding: May 2013

95k combined. Vintage wedding ring from my grandma appraised at $650 (0.25 carat total) (and I LOVE it!).

 

Out of pocket: $200 for appraisal, cleaning, inspection. Came with a band so we’re set on that. His band will be under $200 for exactly what we wants. We’re pretty low key about the whole jewelry thing. 

Post # 131
Member
2 posts
Wannabee
  • Wedding: January 2006

When we first got married we were both 18 and in college my original E ring and band together were 8-900$. This year will be 10 years and we just (last week) had one designed the e ring 4000 and the band 2200. When we were first married our combined income was probably around 30k.  Now I stay home with our kiddos and work 12 hrs part time for fun and hubs income is 150-160k.

Post # 131
Member
1630 posts
Bumble bee
  • Wedding: September 2015

Our combined salary was about 90k. He spent about 5k for engagement and wedding band. It was more than I wanted him to spend but when he saw how much I loved this ring he decided to get it. I actually tried to talk him into some lower quality diamonds so that it would lesson the price. He insisted that it wasn’t out of budget (he wouldn’t give me one) and we are both happy with our decision. 

Post # 132
Member
49 posts
Newbee
  • Wedding: September 2016

My partner is a first year out doctor so he earns $60k with little tax. He paid about $16k on my ring. I was quite particular about the cut, colour and clarity but not on the carat (I would’ve been happy to go less than 1ct since its significantly cheaper) but HIS mother didn’t want us getting anything smaller than 1ct and who am I to complain? =P

Post # 133
Member
1135 posts
Bumble bee
  • Wedding: November 2014

I work very part-time while attending college so my income is minimal. Fiance is far more established though, so our HH income is usually around $275k.

I did not contribute financially to my ring – I only know how much it cost because I am the one who keeps all the wedding-related paperwork organized! My e-ring was $4500 and my band was $1800. I told Fiance long ago that I wanted a coloured gemstone, not a diamond, and that I would not want him to spend too much on it. I’ve just never been a jewelry person or fantasized about my “dream ring,” so it wasn’t a priority for me. That being said, we’ve been able to throw a beautiful wedding, book an amazing honeymoon, and buy our dream home, all in the same year, while still keeping a healthy savings.

Post # 134
Member
1015 posts
Bumble bee
  • Wedding: May 2015

We make a combined income of just over 100k, and probably spent 1.5k on a 100% custom 1ct moisy ring

Post # 135
Member
239 posts
Helper bee
  • Wedding: December 2013

 

View original reply
google:  Combined we make over $200,000. 3 months salary for my husband alone would  have been well over $30,000 and there was no way we were spending that on a ring. We have a jelwery wholesaler in town who makes rings for the other stores as well as does their own custom stuff. We got my ring, valued at $13,000 for $8,000. No one can tell you what is right or wrong to spend on a ring – everyone has their own prioroties. We spent more money on my engagement ring than we did on our whole wedding.

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