Question:

What to spend on a ring?

by  |  earlier

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I make 47500 pretax a year, freshly graduated, i don't have to pay for insurance, (lucky my mom has great benefits), really, i'll be making 52250 at the least, based on paid straight time OT at 10%, anyway, what i was looking at for my GF was around 6900, does this seem excessive?

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  1. No I think that is a very good price. My fiance makes a lil less than you and just spent $7500 on my ring and band total. You will also find when you go ring shopping that rings cost more than what you think. The Princess cut ring is very popular and very expensive and so Is White Gold. Just a lil heads up.


  2. to me it shoul not matter how much it cost cuz if she really loves you she will be happy with what evr ring you buy

  3. I am engaged myself... and I can look at your question one of two ways.  Way one is that your fiance-to-be will be overly ecstatic at the ring you have chosen!  Way two is you do what we did... You buy an equally beautiful smaller ring, save the extra money for the wedding or the marriage (remember you are still a couple that is just starting out) and then you just, over the years, continuously give her bigger and better diamonds as presents!  Remember... The important part is NOT the ring... The important part is that you two are going to share the rest of your lives together.  If that happens, then the how, when, and where should not matter!

  4. If it's the perfect ring that's ok, but if it's just OK then go for a cheaper one.

    If you do get that one, be as discrete as possible about how much it was, so that she can still appreciate it.

  5. Not excessive at all.  It used to be that an engagement ring should cost (or be worth) 3 months of you salary.  The reason is that if you should fall on hard times, the ring could be sold to carry you through to better times.

    Of course this was before 401K's, IRA's and other savings plans.

    You seem to be going in the right direction!

    Good Luck

  6. No, That seems like a really nice ring she'll be getting,

    she's a lucky girl, hope you have a nice engagement.

    Good luck

    xx

  7. I that is a fairly good price for a ring

  8. One months salary or $3958.  

    That has been the guideline for 100 years.

    But you can spend whatever you wish on a ring for your future wife.  Be realistic .................... and it is better to get smaller, clearer, better stones than a huge more expensive gaudy ring that screams "too much".

  9. You've got a big whackload of debt there, dude, so smarten up. Your salary means little, because you are so much in debt.

    Time to scale down on the ring - you have a wedding you two need to pay for too - and once you move out on your own, you're not going to be on your mommy's dime any more, so you need to get ready to be independent.

    Look at some lovely, smaller rings - a set under 1,000.

    http://www.ice.com/home/product_details....

    http://www.ice.com/home/product_details....

    http://www.ice.com/AST/Ice/Ice_Primary/P...

    http://www.ice.com/AST/Ice/Ice_Primary/P...

    http://www.zales.com/product/index.jsp?p...

    http://www.zales.com/product/index.jsp?p...

    http://www.zales.com/product/index.jsp?p...

  10. i'm sure she wouldn't complain one bit!  i personally would rather get a smaller ring (approx $1000-$1500) and have the other money put into savings for the future.

  11. Is it suppose to be a month's salary? I think I heard something like that so maybe 4000. But the way things are going it could actually end up being a good investment so as long as you don't pay more than it's worth you might be fine.

  12. no  thats  good

  13. Good, glad you did your research! Looks like you have a good head on your shoulders and I think you did well. My ring is .92 (Asscher cut) and it's a VVS1 and was around 4k. (I know b/c we both designed it.) I think what you chose is a good decision and if you're happy with the amount of money you're spending then do it! She'll be sooooooooooooo excited! Congrats on the soon to be engagement!

  14. The first question you should be asking yourself is "Is she materialistic?"  Do you think that the ring's cost and quality would be important to her?  I think the old 'rule' was 3 months salary, but that is friggin ridiculous to me.  It's a ring...a symbol...not about wealth.

    I think what you should really focus on is going out and finding the ring that jumps out at you.  Don't look at price tags.  If it's cheaper, great, if it's more expensive and you can afford it, great too!

    Good luck.

  15. Pay what you can afford, and what you care to put into a piece of jewelry. I personally think $7,000 is A LOT, but maybe that is what your fiance is expecting. I would say find one you and she love. Does she even need to know how much it costs?

    Tip: buy online! Jewelry stores have a 300% markup!!

  16. In my opinion, as long as she likes the ring, what does it matter how much you spend? (Meaning you don't have to spend 6900 for a ring)

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