How Many Months Salary Should 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. 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.

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This is the old-school rule your father or grandfather likely toldwarned you about.

How many months salary should you spend on an engagement ring. Two months salary is 9419. For example if you take home 4000 a month you should spend 8000 to 12000 a month 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.

You should spend at least 2 months salary on the engagement ring. The Knots 2017 Real Weddings Study of 13000 couples surveyed online found the average engagement ring cost 5764. Ad Engagement Rings Designed to Exceed Expectations.

Some say you should spend three months salary on an engagement ring. Thats just 122 months salary. If you take home 10000 a month you should.

One of the classics is how much to spend on an engagement ring. If you earn 60000 per year you should spend 10000 to 15000. Essentially that you should be prepared to spend two or three months salary on an engagement ring.

You dont need to spend three months salary on an engagement ringheres what to do instead. Depending on who you speak to you will often hear that you should spend one to three months salary on an engagement ring but I have to say were not too sure this flies anymore Tim. You may have heard that in order to determine how much to spend on an engagement ring you need to look at how much money you make.

See below on how we debunk this theory. Dont get caught up with preconceived rules that were developed in a much different time in a much different economy. Ad Engagement Rings Designed to Exceed Expectations.

Find or Build Yours Today. 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. 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.

Theres the outdated three-month rule which argues spending one-fourth of your annual salary on a. That amount grew to two months worth in the 1980s and has only increased since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. If for example you are making 60000 per year you should spend 10000 on the engagement ring.

Find or Build Yours Today. So do Americans still rely on this seemingly age-old adage to. You should spend 2 to 3 months salary on the engagement ring.

Lets get real spending three months salary on an engagement ring isnt the right choice for everyone. More specifically you might have read somewhere that you should spend two months of your salary on your fiancé-to-bes ring. For example if you earn 48000 per year you should spend 8000 to 12000 on the ring.

There Is No 2 Month Salary Rule for Buying an Engagement Ring.

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