Wedding Ring Salary

In ebates 2017 wedding survey 45 percent of the men and women interviewed say they d expect to spend between 1 000 and 5 000 on an engagement ring.

Wedding ring salary. 1 the three months gross salary rule. Our study found that one third of all respondents are spending between 1 000 to 3 000 on their engagement ring. But your personal budget should depend on your current financial situation.

For some these numbers might happen to follow the rule but for others it makes little financial sense. Weddingwire s newlywed survey foundthat the average engagement ring cost 5 000. So the answer to the question of how much you should spend on a wedding ring really comes down to personal preference and budget.

Yes the old rule is to spend two months salary but that s just not very realistic for a lot of people nowadays. This rule stipulates that if a man makes 80 000 a year he should spend 20 000 on an engagement ring. The knot reportedan average of 6 351 in.

In fact 10 percent of ring shoppers are spending under 1 000. Our estimate is lower than some others the wedding industry has offered. 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. According to the knot 2016 real weddings study the national average cost of an engagement ring is 6 163. 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.

This does not yet include a wedding band not to be confused with music entertainers that costs an average of 455. You should spend at least 2 months salary on the engagement ring. For a more manageable salary metric paddock advises his clients to spend no more than 5 of your salary on an engagement ring for those earning 61 937 the u s.