Closing the month with the theme of “Bridezilla Month”…
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As Dolla Thug commenter “SO” mentioned on last Monday’s posting, and from what I’ve heard, the general rule of thumb is the price a man should save up to pay for his lady’s wedding ring should equal approximately 2-3 months’ worth of his monthly take home income. That’s a LOT of money. That’s easily a 3-month emergency fund!
So a man making my salary would expect to spend approx $8,000 on a ring (using 2.5 months’ salary as a guideline). I guess that sounds about right.
But…being the Dolla Thug that you’re all growing to know and love me to be, I might negotiate with him on some…“How about you spend $3,000 on my ring and I’ll use the remaining $5,000 to pay down my student loan debt and/or put toward the down payment on our first home together…That way we can enter this marriage on the most financially stable foundation we can manage – TOGETHER!”
Now isn’t that more beneficial for a long-lasting future with the one you love than demanding “You need to be spending AT LEAST $27,582.66 on my Harry Winston ring if you even want me to consider marrying you!”
Sigh…that is all.
COMMENT…you know you want to…
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You think $27,582.66 is bad? Let’s just say I decided to marry a lawyer. A FIRST year associate at a large law firm makes 160k plus bonus. Under the 3-month salary rule, my wedding ring should cost ~$40k…that’s just ridiculous
@SO – Well… $27,582.66 rounds to $30,000. Yes, I think that’s rather excessive IMHO. Even if I was dating someone making $160K+, I’d probably opt for the lower cost ring and use extra funds for something more meaningful to my life (even charities). I just personally don’t see the point in spending so much on a ring, regardless of income.
Right
Yeah, I agree- (I’m a girl) and I think dropping over 10K on a ring is excessive.
Spend that money on the wedding. If a girl is demanding you spend that much money (unless it’s a polar bear diamond and is ethically mined or something) than she ain’t worth it.
Unless she looks like Beyonce, I suppose lol!
I think it is finding the balance. You want to give your woman something that is symbolic and will leave her happy.
But…not go deep into debt and add another significant layer of debt to the couple.
@youngandthrifty – Thanks for your perspective! I had to google “polar bear diamond” lol but at least I learned something new.
@ Elliott – Thanks for giving your perspective. I actually like the idea of the ring being a “symbolic offering of love” from the man to the woman, but I do agree – as long as it is something he can truly afford without incurring unnecessary debt.