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How much to spend on engagement ring?

Updated: 8/16/2019
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13y ago

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Most people say an engagement ring should cost 3 months of salary but I don't really agree with this, I really think it depends on what kind of setting and diamond you or your significant other wants and how much you have in your budget. That being said, I think it's much more worthwhile to buy an engagement ring online merely for the fact that those rings are usually as much as 50 percent cheaper than ones you buy in the store. You also save on other costs. My site of choice is James Allen, because besides being cheaper than other jewelry stores (though still high-quality), they also include resizing for free and you get it delivered to your front door.

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13y ago
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Bellas engagement ring belonged to Edwards mother.


How much should a guy spend on diamond engagement rings?

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The suggested rule of thumb on how much to spend on an engagement ring is said to be equal to two-months’ salary. This is a highly personal decision, however, and a figure that’s appropriate should be reflective of the ring’s importance but be comfortable to manage. Therefore, when deciding on how much to spend on an engagement ring you may wish to use the two-months salary guideline and either augment or tailor it to fit your specific situation.


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It is entirely up to the couple as to how much they wish to spend on rings. You will most often hear the ludicrous phrase claiming a man should "spend two months of salary on an engagement ring" which is of course promoted by the jewelry industry. Your financial situation and desires are what matters, not an idea promoted by commercial interests.


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This depends on who broke the engagement. If the woman breaks the engagement, she has to return the ring. If a man breaks the engagement, she gets to keep the ring.