Following that three-month guideline a person earning 61937 the current US. See below on how we debunk this theory.
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This guideline known as the two months rule or engagement ring price rule began as a very crafty advertising campaign by the diamond industry.
How many months salary do you spend on an engagement ring. If you want a rule spend about one month of salary and you will find yourself within range of the median. To put that number into perspective the three-month rule means that someone making 50000 per year ought to spend 12500 on the engagement ring. Its the guideline that tries to dictate what you can afford to spend except that it doesnt account for your entire financial picture.
Median household income would have to spend around 15500 before taxes on. Lets get real spending three months salary on an engagement ring isnt the right choice for everyone. Two months salary is 9419.
You should spend 2 to 3 months salary on the engagement ring. Two months salary is 16 by the way. The Knots 2017 Real Weddings Study of 13000 couples surveyed online found the average engagement ring cost 5764.
Find or Build Yours Today. Thats just 122 months salary. But the most urgent question on your mind might be.
Dont get caught up with preconceived rules that were developed in a much different time in a much different economy. But any rule based on just your salary is ridiculous. Find or Build Yours Today.
Few people realize that this guideline began as a marketing initiative that diamond marketers used to enhance sales around the start of World War II. How much should I spend on the ring. More specifically you might have read somewhere that you should spend two months of your salary on your fiancé-to-bes ring.
That amount grew to two months worth in the 1980s and has only increased since thenwith the supposed rule now stating your engagement ring cost should be about three months salary. So do Americans still rely on this seemingly age-old adage to calculate how much the rock should cost. Well this tradition dates back to the early 20th century when De Beers created the Diamonds Are Forever marketing campaign.
Ad Engagement Rings Designed to Exceed Expectations. That means if you make 60000 per year you need to spend 10000 on the engagement ring. If you earn 60000 per year you should spend 10000 to 15000.
For example if you earn 48000 per year you should spend 8000 to 12000 on the ring. Ad Engagement Rings Designed to Exceed Expectations. You may already be familiar with the idea that you should spend two months salary on an engagement ring.
Youve probably heard the one month salary rule which says you should spend one months gross income on an engagement ring. The traditional rule is to spend 2 months salary on a diamond. 2 or 3 months is definitely the price you should pay for an engagement ring whether you earn 100 a month or 10000 a month.
The Two-Months Salary Rule. Think about it the wedding alone will probably put the brides parents out more than that money anyway never mind the fact that you will be spending the rest of your life together and her bearing your children. If you had been shopping around you might have heard that you are supposed to spend roughly 3 months of your salary on your diamond engagement ring.
You should spend at least 2 months salary on the engagement ring. If for example you are making 60000 per year you should spend 10000 on the engagement ring.
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