Do people really spend 3 months salary on an engagement ring? General Rule: You should spend at least 2 months salary on the engagement ring. If, for example, you are making $60,000 per year, you
Do people really spend 3 months salary on an engagement ring?
General Rule: You should spend at least 2 months salary on the engagement ring. If, for example, you are making $60,000 per year, you should spend $10,000 on the engagement ring. See below on how we debunk this theory.
Where did the three months salary rule come from?
The three-month rule stems from a marketing campaign the De Beers diamond company ran in the 1930s that sold the idea that true love and commitment could only be shown if a man spent a month’s salary on his wife’s ring.
How many weeks pay should you spend on an engagement ring?
Buying an engagement ring can be an emotionally loaded purchase. For most people, it’s more than jewelry: It’s a symbol of love and affection and of the serious commitment they want to make. How much is that worth? For the typical American, two weeks’ pay.
Why is an engagement ring 2 months salary?
In the 1930s, at the start of the De Beers campaign, a single month’s salary was the suggested ring spend. In the 1980s in the US, it became two months. One advert featured a pouting woman, a scarf, a finger, a diamond ring and the words: “Two months’ salary showed the future Mrs Smith what the future would be like.”
Is 5000 too much for an engagement ring?
Although the average amount spent is over $5,000, most millennials spend an average of $3,000 for an engagement ring. Although these figures can be useful as a ballpark range, we don’t recommend setting a budget for your fiancé-to-be’s engagement ring by looking at what other people spend.
What is a reasonable price for an engagement ring?
Washington spends the most on engagement rings with an average of $10,109, while California comes in second at $9,482….Average Cost of Engagement Ring by State.
| State | Average Engagement Ring Cost |
|---|---|
| Arizona | $6,684 |
| California | $9,482 |
| Colorado | $5,858 |
| Connecticut | $4,261 |
What’s a reasonable price for an engagement ring?
How much should you spend on an engagement ring?
1) The Three Months Gross Salary Rule. This rule stipulates that if a man makes $80,000 a year, he should spend $20,000 on an engagement ring! What kind of nut came up with that idea? There’s really no rhyme or reason why a man should spend 3 months of his gross salary on an engagement ring, let alone 2 months.
What’s the car rule for engagement ring buying?
It is called: The Car Rule For Engagement Ring Buying. The Car Rule For Engagement Ring Buying simply states that a man should spend up to, but no more than the initial purchase price of his car! Most guys like cars. The more obsessed he is about cars, the bigger and better your potential ring.
Where did the three month rule come from?
The three-month rule stems from a marketing campaign the De Beers diamond company ran in the 1930s that sold the idea that true love and commitment could only be shown if a man spent a month’s salary on his wife’s ring.
What should I Buy my Man for an engagement ring?
Blow up his finances with glee! Conversely, if your man is fortunate enough to make $300,000 a year, but drives a 10 year old Honda Civic he bought for $3,000 8 years ago, then all you can really hope for is that he buys you a nice 0.25 carat, H color, VS2 ring from a generic store.