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How much to spend for engagement ring?

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  • DigForVictory
    DigForVictory Posts: 12,062 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Buy all means buy the expensive ring. After you have checked their returns policy & are certain of a 100% refund if she doesn't like it.

    (Your in-laws-to-be may love it, the photographer may love it, the whole family may think it's utterly gorgeous but who will be wearing it? She will. Or not.)

    The 2 months idea is a De Beers advertising notion. Other cultures demonstrate value in other ways & if she has said Not, I'd listen! She may be wanting to make some major points to her family in her choice of groom, of ring etc - move carefully!

    Leave yourself elbow room to reverse gracefully, & whisk her off to a jeweller that will listen to *her*.
  • Gloomendoom
    Gloomendoom Posts: 16,551 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    She might say no.

    It must happen.
  • d70cw6
    d70cw6 Posts: 784 Forumite
    dont forget: the more you spend the more you love her, and the more she'll love you.

    spend it all!
  • tea_lover
    tea_lover Posts: 8,261 Forumite
    Webb172 wrote: »
    Should I spend $3000 for the engagement ring?

    My engagement ceremony is in August. It's a small ceremony followed by lunch, with close family and friends. I make the ring a surprise for her. I'm planning to get a diamond ring in a budget of $3000. But she has been telling me don't make it too expensive. Wouldn't girls love expensive jewelry?

    What do you think?

    Forget about rings and engagement ceremonies. Your first priority needs to be learning that your partner is an individual person with her own opinions, interests, etc - not an interchangeable 'girl'.
  • HappyMJ
    HappyMJ Posts: 21,115 Forumite
    10,000 Posts Combo Breaker
    If my OH spent two months wages on a ring I would be furious because if he's done that then the mortgage wouldn't have got paid...unless you're filthy stinking rich why spend so much?

    I think the only way to pay 2 months wages is by living with mum and dad and having them pay all the bills for 2 months.

    Anyone on any level of wage would find 2 months wages a lot of money. Even if you earn £120,000/year 2 months wages would be £20,000....A lot of money.

    2 months wages to someone on minimum wages (£7.20/37.5 hours/week) would be £2,340...which is still a lot of money for a ring.
    :footie:
    :p Regular savers earn 6% interest (HSBC, First Direct, M&S) :p Loans cost 2.9% per year (Nationwide) = FREE money. :p
  • Gloomendoom
    Gloomendoom Posts: 16,551 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    The daft thing is that, as soon as you step outside the jewellers, the £2k ring is likely to worth less than £1k.
  • pigpen
    pigpen Posts: 41,152 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I'd be happy with a haribo ring or a ring pull.. it is what it symbolises that is important not the price.Choose something she will like not something that is the upper limit of what you can afford.

    The price isn't relevant.. we aren't all gold-diggers.
    LB moment 10/06 Debt Free date 6/6/14
    Hope to be debt free until the day I die
    Mortgage-free Wannabee (05/08/30)
    6/6/14 £72,454.65 (5.65% int.)
    08/12/2023 £33602.00 (4.81% int.)
  • DD265
    DD265 Posts: 2,223 Forumite
    Part of the Furniture 1,000 Posts Homepage Hero Name Dropper
    My ring was less than 1/4 of my fiance's take home pay (not that he earns loads) and I love it. I didn't want big, I didn't want expensive and I'd discussed that with him in advance. The ring that he chose wouldn't have had a bearing on my answer, but I wouldn't have been as happy wearing something expensive that I might lose. I have had nothing but compliments; nobody has asked me how much it cost, or asked whether it's a diamond or how big or what are the specs.

    I know expensive is all a relative term, but theoretically my ring could easily be saved up for again and replaced within a few months should something happen to it that wasn't covered by insurance.
  • 74jax
    74jax Posts: 7,930 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I don't think she should know how much the ring is worth, find a ring you like (and you think she will like too) and go from there. If you want her to chose the ring then I would ask her to pic some photos out etc. Buying a ring and telling her it cost xyz isn't classy to me.


    I find it odd when females tell their friends 'oooo my ring cost so much', why on earth would you say....
    Forty and fabulous, well that's what my cards say....
  • TBagpuss
    TBagpuss Posts: 11,236 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Webb172 wrote: »
    Should I spend $3000 for the engagement ring?

    My engagement ceremony is in August. It's a small ceremony followed by lunch, with close family and friends. I make the ring a surprise for her. I'm planning to get a diamond ring in a budget of $3000. But she has been telling me don't make it too expensive. Wouldn't girls love expensive jewelry?

    What do you think?

    AS others have said, talk to your fiancee to be. Find out what *she8 would like.

    Some women like expensive jewellry, some don't. Some like diamonds, others have other preferences.
    Your partner may prefer a less expensive risg because she feels there are better uses for the mony, or because she doesn't want to have the responsibility of something expensive on her finger the whole time, or any one of a number of other reasons.

    think about her as an idividual, what she likes, what she has said, and go from there.

    Personally, I wouldn't want a $3,000 diamond ring. I'm not ken on diamonds.

    I wouldn't want my (hypothetical) faince to get into debt to buy a ring.

    I would want hom to listen to anthing I'd said about rings or engagements and act accordingly .
    All posts are my personal opinion, not formal advice Always get proper, professional advice (particularly about anything legal!)
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