How Much to Spend on an Engagement Ring: Real Women Weigh In

The Ultimate Guide to Engagement Ring Etiquette

When it comes to planning a wedding, one of the most pressing questions on every couple’s mind is: how much should I spend on an engagement ring? The answer, it turns out, is not a one-size-fits-all solution.

A Personal Perspective

As someone who’s given thought to their own dream wedding, I believe that the amount spent on an engagement ring should depend entirely on the couple’s values and financial situation. After all, it’s a symbol of love and commitment, not a status symbol.

Real Women Share Their Thoughts

I asked nine women to share their thoughts on what they’d want their partner to spend on an engagement ring. Here’s what they had to say:

Quality Over Quantity

Raquel, 24, emphasizes the importance of finding a balance between quality and affordability. “I’d like it to be pretty and simple, while still being nice and high-quality because I am going to have to wear that thing, well, hopefully, until I’m dead.”

The One-Month Salary Rule

Kristina, 26, suggests that one month’s gross salary is a reasonable amount to spend on an engagement ring, as long as the couple is debt-free and prioritizing their financial goals.

It’s About What You Can Afford

Mary, 28, takes a pragmatic approach, saying that the amount spent should depend on her partner’s income and financial situation. “I’m not going to expect a Harry Winston ring if he makes $40,000 – $45,000 per year.”

A Nice Rock, Please

Mohini, 44, who’s been married before, wants a nice engagement ring, but is willing to compromise on other wedding expenses. “When you’re at a certain age, you lose interest in inviting everyone and shelling out a lot for people to watch you say your vows.”

Frugal and Proud

Sara, 21, is adamant that she doesn’t want an expensive ring, preferring to allocate funds to more meaningful experiences. “If the guy buys me a ring for more than $1,000-$2,000, he doesn’t know me at all and we shouldn’t be getting married.”

Finding a Middle Ground

Kamyla, 24, suggests that finding a middle ground between quality and affordability is key. “I’d rather have us spend less on the wedding to make up for the ring, though, of course, we shouldn’t be spending a down payment on a house on that ring either.”

The Romantic Alternative

Catherine, 23, has strong opinions about the diamond industry and would prefer a vintage or non-traditional ring that holds sentimental value. “The ring should represent me and how well he knows me. That’s what I find romantic.”

Communication is Key

Tracy, 25, emphasizes the importance of open communication when it comes to setting a budget for the engagement ring. “I think, for me, I would want to decide together on the price beforehand (or at least decide on a price range).”

The Perfect Balance

Ava, 23, wants a conservative ring that fits within a reasonable budget. “Of course, he shouldn’t be spending more than $5,000, in my opinion, but if he had the choice between going for the perfect ring, and choosing the option that was $1,000 less, I’d hope he would choose the one he knew I’d love.”

Ultimately, the amount spent on an engagement ring is a personal decision that depends on individual circumstances and priorities. What matters most is finding a ring that symbolizes love, commitment, and a deep understanding of each other’s values and goals.

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