answersLogoWhite

0


Best Answer

There used to be a theory that a man should spend three month's salary on an engagement ring for his fiance. So if you were to make $2,000 each month, then $6000 is what you should spend on an engagement ring. Nowadays, that theory is not necessarily adhered to any longer.

When looking at how much to spend on an engagement ring you need to look at how much you can really afford. Are you able to finance the ring? Do you want to make monthly payments are do you want to pay the ring off all at once? These things will all factor into how much you should spend on your engagement ring.

My advice is to first go window shopping for engagement rings. Take a look at what you would like to buy for your fiance-to-be and then start saving for that ring or you can decide to finance the ring if you can afford it. When financing, also make sure to find a reliable source, and look into different places. Be careful online, and only use reputable sources, such as a site like Prosper.

personal note:

If the engagement isn't going to be a surprise, I suggest simply asking. My wife actually picked a $59 engagement ring. While it made some people think I was cheap, it turned out that a big gem on her finger would have gotten in the way at work. For that same reason, we actually have the same wedding ring in two different sizes which cost less than $700 total. For the record, I had actually saved up several thousand dollars for an engagement ring.

User Avatar

Wiki User

โˆ™ 2014-05-27 21:37:57
This answer is:
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
User Avatar
More answers
User Avatar

Wiki User

โˆ™ 2016-04-12 06:34:22

It can cost as much as you want to spend on it. Engagement rings can cost anywhere from $500, $5000 to even $50,000. Factors such as the carat, color, clarity and cut of the diamond as well and whether it is made in yellow gold, white gold or platinum also have an impact on the cost.

User Avatar

Add your answer:

Earn +20 pts
Q: How much money should you spend on an engagement ring?
Write your answer...
Submit
Related questions

How much money did Edward spend on Bella's Engagement ring?

Bellas engagement ring belonged to Edwards mother.


How much should I spend for a diamond engagement ring?

You should spend what you can afford as diamond engagement rings vary widely in price. Tradition dictates that 2 months gross salary should be spent on an engagement ring and some claim that it is now trending towards 3 months gross salary.


how much money do i spend?

How much money DO you spend?


How much should a guy spend on diamond engagement rings?

A guy should spend at least $300 on an engagement ring. Not too cheap and not too expensive, I recommend buying insurance for the ring if it is over $300 as well as getting a warranty on it.


How much money is appropriate for an engagement gift?

The amount I spend on any gift for someone depends entirely on how well I know them. If it was an engagement gift for my brother & partner I would spend up to £60, but if it was a friend from work then I'd spend £10-£15. I hope that helps a little! Remember, it's not about how much you spend at he end of the day, it's how much thought you put into the gift. The more appropriate it is for the recipient(s), the more they will apprecciate it.


How much money should you spend on your 13 year old daughter for Christmas?

the more money the better!!! they'll love you!! especially, if you spend a lot on them


How much should you spend on a diamond engagement ring?

It should cost as much as you want to spend on it. Engagement rings can cost anywhere from $500, $5000 to even $50,000. Factors such as the carat, color, clarity and cut of the diamond as well and whether it is made in yellow gold, white gold or platinum also have an impact on the cost.


How much money should you bring to Las Vegas?

However much you want to spend or as much as you can afford.


How much money does a photographer make per month?

Not much if you are an amateur. The question should be how much money does a photographer spend per month!


Is there any limit to how much the government can spend?

yes they only have as much money as they get to spend, they can't spend extra money.


How much am I supposed to spend on my girlfriends engagement ring My friend says six months salary, but that seems ridiculous.?

The average amount a man should spend on his future wife's engagement ring is three months salary. That is based on an approximate income of $1500 per month.


How much money did Rules of Engagement gross worldwide?

Rules of Engagement grossed $71,719,931 worldwide.


How much money do teens spend on smoking?

more than they do on condoms which is what they should....


How much money do teens spend on condoms?

not alot...but they SHOULD be using more:)


How much should you spend on lottery tickets?

that is a matter of opinion my opinion is you should spend no money because it is gambling and you'll most likely lose.


How much should you spend on a neighbors gift for a bris?

You should only spend what you can afford. Usually the money is given in multiples of 18.


How can you make a topic sentences with the word money?

Will Greece run out of money? Will the US government run out of money? How much money should we be prepared to spend to prevent global warming? How much money can you afford to borrow? Where should you invest your extra money? How much money should you spend on Christmas presents? Will credit cards or other forms of electronic fund transfer replace paper money? What is the best way to obtain money? How much money do you need to save for your retirement? How much money should you spend on a first date?


How much money did Rules of Engagement gross domestically?

Rules of Engagement grossed $61,322,858 in the domestic market.


How much money should you spend food for seven people in the United States?

$10,000


How much money should you spend on a bass to perform with?

Go to Guitarcenter.com they will answer any question you have.


How much money should you spend if im planning to build a skatepark?

2 bucks


How much should you spend on engagement ring?

The idea of proposing marriage has been around for centuries. However, it wasn't until the early 1900s that the symbol of a diamond engagement ring craze hit. The general rule of thumb is said to be 2-3 months of your annual salary. However, you should really only spend as much money as you can without putting yourself into too much debt. Any debt that you do incur should be manageable. So you should take into account your annual salary, your monthly expenses and how much income you have left over after everything is accounted for. Chose a reasonable budget that will not make you life financially tight.


How much money did A Very Long Engagement gross worldwide?

A Very Long Engagement grossed $69,759,296 worldwide.


How much money did The Five-Year Engagement gross worldwide?

The Five-Year Engagement grossed $54,588,202 worldwide.


How much money should you spend on a gift for someone?

== == That would depend on the occasion, what relationship this person has to you that your giving the gift to. Anything you feel comfortable spending is what you should spend.

Study guides

๐Ÿ““
Create a Study Guide