How much you should spend on an Engagement Ring?

This might be the question that a lot of the grooms to be are having difficulty with. The most popular answer to this question might be two months of your salary. If you wish to stay with it that’s fine, but the question is do you feel comfortable with it? For me, you should certainly not spending whatever amount you do not feel comfortable with, regardless if you can afford it or not. In the end, the cost of an engagement ring does not measure the love you have for her.


To dig a little deeper to the whole reason for an engagement ring, in ancient time, it really meant that this woman is taken- no more no less! But of course these days it is simply a gift to signify your commitment to take the relationship to the next level. There’s definitely no monetizing value to it when you think about it.

When determining on the spending of an engagement ring, we should not merely concentrating on one’s salary, but we must consider one’s financial situation all together.

A person can have a high pay job but at the same time deep indebted. In this case, I think it’s completely wrong to consider spending 2 months of the person’s salary for an engagement ring.

The age of the couple is also another consideration when looking for engagement ring. If it is a young couple just starting out, they would possibly have student loans to be repaid or other bills to be paid. If spending on an engagement ring means delaying the plan of buying a house, then it is obviously not the way to go.

At the end, if your spending on an engagement ring is affect your living standard, then you should really consider if the amount you wish to spend is appropriate. Don’t get too hung up on the cost; I have seen a case when a guy spent a considerable amount of cash on a Tiffany engagement ring without knowing his fiancé completely hates Tiffany. That really put her in a tough situation where she either ask him to return the ring or accept the ring she doesn’t like; either way nobody is happy.

Therefore, it is clever to take notice on your fiancé’s preferences on jewelry such as color of metal, shape of the stone, type of ring settings, etc. After all, it is better to buy her something she likes rather than concentrating too much on the price. After all, the love you have for each other is invaluable!

If you wish to learn more about different styles of engagement rings or things to look for when choosing a diamond for your engagement ring, please check out my blog, My Simple Engagement Ring to find out.