How Much Should I Be Spending On An Engagement Ring?
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- čas přidán 13. 06. 2019
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*“They say 3 years salary”*
-Michael Scott
Hahahaha I forgot about that.
Lol was just thinking that
😂😂😂
That's the first thing I thought about when I saw this headline LOL
🤣😂
They say you spend two months salary on an engagement ring. I chose the two months I was unemployed lol.
Hiram Bright genius!
As a rule of thumb, I have DECIDED to NOT spend anything over one monthly income on anything other than a house or Gob forbid, a medical emergency. In other words, if I make 60K a year, which comes down to 5k a month, I wouldn't buy anything over 5K (including car). That's just my formula and it seems to work well so far. As for an engagement ring, I wouldn't work a week for an engagement ring, in other words, with the same 60k a year , I wouldn't buying anything over 1200. Even that's a stretch , mine cost me less than $500 and I still think it was a stupid spend!
TheLastSamurai you sound like not much fun
@@caelenow2829 Depends on what you call fun. I am involved in local community, lead a tech meetup group in my city, play volleyball and spend quality time with my kids. I have traveled to the US, Africa and Asia (...already this year, before the lockdowns, I have been to Nepal, Malaysia, & the Philippines) . I have what I need in life. Live rent free, work from home, with a decent salary...and have a year of living expenses saved. I mean, I could have more fun (we never have enough of it) but I feel more at ease with this sort of safety net than any adrenaline inducing 'fun'.
You’re still overpaying
I bought my wife’s ring for about $1,200. I made about $70,000 a year at the time. It’s about 3/4 of a karat. I told her the plan is to buy a larger ring at our 10 or 15 or 20 year anniversary (we’re at 15 years now). My wife said “no way, you gave me this one and I love this one”. She still feels that way today even when she’s around other women with like 3 karat diamonds on their finger. I’ll never let her go!
@@RJ12347 *Keep her
*update*
They divorced 😔
My wife and I are coming up on our 20th, and she wants something new. Went through the jewelry she inherited from her mother and found a large, nearly perfect diamond in an "meh" setting - recycling diamonds is the way to go.
Kal El, you have a keeper in your wife. Sounds like she isn't materialistic, which is a great sign. Your very lucky.
@@k-mart7475 how do you know?
Brace yourselves for the comments full of people saying their ring is a piece of thread and they have been happily married for 80 years.
Been married 10
First ring was 150
Second one was 350
Big Picture Thinking
😂😂
Haha. It’s true though, isn’t it? The more someone cares about the price and prestige of a ring, the less likely that they care as much about the person they’re marrying...
😂 you are right the comment section is flooded
The studies do reflect this.
My cousin's wife makes 415k. He makes 380k. He paid 2k for the ring. It's worked out great.
JJ What do they do
Yes please tell
Alex Wright what do they do?
Score! 😂
I want to be like your cousin, teach me how to pull in 380k mate.
To the ladies out there. Do not pressure a man to buy you an expensive ring. When you two get married his debt (the ring) becomes your debt. Therefore you will be paying for your own ring. Let him get you what he can afford or is comfortable with paying. It's just jewelry.
Wish everyone knew this lol
deadass
Any woman who pressures you for anything expensive is not worth marrying
Thank you for saying that
I knew my wife was my soul mate when she said she considers expensive jewlry and and expensive wedding a waste of money. She said to just save the money. We have been married 13 years and are on the cusp of $1 million net worth.
clericstorm2009 smart!!
Stay blessed you two!!! 💚🙏🙌
Beautiful 🙏🏾🙏🏾 I love it!
Congrats!
Haha, that sounds like my wife and I. We're doing great, and I hope that we're doing as well as you two are in 13 years time!
Ask HER what she wants in a ring. When my now husband popped the question, he asked me to go ring shopping with him. He had just bought me a pretty turquoise Navaho ring. I said let's call that the engagement ring. We had matching plain sterling silver wedding rings. We are closing in on 45 years. She might prefer a ruby, or not really care.
I agree!!
Exactly because she might not even want a 2-3k ring. I know a lot of people who got rings under 1k and some even for a few hundred because they didn't want their husbands blowing thousands on a ring. One of them that got a $200 ring plan to upgrade it in the future but didn't want to waste so much money when they were in their 20's.
This is true. I told my boyfriend I want to wear my grandmother's engagement ring. She is a role model for me and had an incredibly loving, strong, and long-lasting marriage to my grandfather.
It may be a modest ring, but the meaning is very valuable to me. I would prefer that over a brand new $3k ring. (As a bonus it also costs us nothing!)
The wedding ring does not make the marriage!
Miranda Holley too bad most women don't think that way.
What type of women are y’all dating?
Good women who value physical & mental love instead of materialistic things. Most women like to boast and brag about a nice & expensive rings. But aren't happy with the person that they're marrying.
It’s about what the ring symbolizes not what the ring is made of or how much it cost
Queen Me ones that I’ll never marry
My husband’s dad gave him the advice that if you can’t pay cash for it, don’t get it. I’ll never understand why people go into debt for a ring...it’s not worth it!
I was able to afford my ring in cash, but I paid with a rewards Visa, then paid that off! Still 0% interest, except you get a few extra bucks on the side. But, I get what you meant - don't get into debt for a ring.
Mario N. Ooh! I like your system.
You already know the answer, you just don’t realize it. The answer is: people are stupid and irresponsible, and are too concerned about impressing people.
truew ive known people who had to give it back for lack of payment after. Thats so much worse that the girl wears this ring shows it off and then has to give it back
I want to know why it's the man buying these silly baubles. Waaayyy too much investment from one party.
Dave's advice is so uniquely spot on and slices through all of the societal advice that leaves you dead broke. I've always been told 3 months pay, which is criminal. Save up for a house!
I would be terrified to even wear a ring worth that much.
That three month salary "guideline" was made up by the DeBeers thugs, not some independent standard.
It's absolutely insane right. People will pay 10 grand plus for a ring 40 grand on a wedding but not have a down payment for a house. It's insane.
@Khemra I think it is engagement......the wedding band is just a band......the ring with the diamond is usually the expensive one.
No, this is terrible advice. If you cant buy a new car until you are a millionaire, you shouldn't be able to spend a month salary on a ring until you are the same.
Just bought my girlfriend of 4 years a diamond ring for $2000. I’m 23 and currently making $70,000. Hearing Dave say this gave me a sigh of relief because I’ve never spent that much on a person but she deserves it all!!
Good on you bro
Dang I'd love to invent a pointless luxury item and then convince literally everyone that they *must* spend 2-3 months' income on it.
Basically follow the DeBeers mining company model then: have a monopoly on the item and then artificially inflate the prices and then run a huge campaign telling people to save several months worth of their income on this supposedly rare (but in reality, not rare) item.
You can, you American men are so easy to fool nowadays!
Welcome to the dream, always in debt for pointless reasons
iPhone 12?
@@onin-zh2wm exactly or the newest gaming system but a ring…whoooi Nelly that’s nutz. 🤣
Engagement rings are artificially inflated in price, as they control the supply stream.
waste of money.
I saw a documentary about diamonds a few years ago. Do not have the specific reference.
It was historical and informative.
Basically clever marketing people made them valuable. They are not rare or difficult to mine but the western world bought into it and has not woken up to it.
Diamonds can and are made in labs for industrial tools like cutting stone.
They are definitely a rip off for jewelry.
They make for a better cutting tool
Diamonds point blank. Sell gold jewelry back, you only lose the price of craftsmanship. Sell diamonds back, they'll laugh at you. Hours after "educating" you on their value.
The result of women being manipulated by the diamond industry.
Jay Snevets ABSOLUTELY diamonds man made in a lab! Public manipulation as usual
MrSmallANDLoud Of course, but you tell all of this to a woman and she will say you're a cheap man who doesn't care about her. As men, we have to so it. Regrettably....
My wedding ring cost $138 on sale at JC Penny’s!! We were broke and in love! Fast forward 15yrs and I have the same ring! I could have upgraded it ONE MILLION TIMES by now but 1. I love it cuz it reminds me of where we were and 2. Diamonds are man made in a lab and are pushed on the masses as a precious stone when it is not!! We need to wake up people! Everything is a 💰grab!!!
Not only that but like actor Lenorado Dicapiro said in the movie Blood Diamond, "I will never wear a ring on my finger that cost someone else their hands." There is no conflict associated with gold, that's what i wear, and we bought it right here in CA from an old family business that started during the gold rush. No pain and suffering associated with it.
Mine was $20 at an antique store and she picked it out herself
Eye Am Coa not all diamonds r man made lol
Ryan M and lol if you think there are mined diamonds On sale to the public lol lol
lol i want a walmart ring
"Diamonds are intrinsically worthless" - DeBeers Chairman Nicky Oppenheimer 1999
They work great on diamond drill bits. Otherwise there is no reason to buy one
Diamonds are anything but intrinsically worthless. As jewelry they are intrinsically worthless.
There's demand for them, therefore there's value.
Hey man, so is a $100 bill.
They are great on a grinding wheel.
The ring is a symbol of your love; not a symbol of your wealth.
My engagement ring was $137 and I love it and cannot think of a more precious thing! My husband gets embarrassed when I tell people the price but I don’t think there could be anything more perfect. And I don’t think I would want to upgrade anytime soon. Maybe have a necklace that goes with it but we are both proud that we were able to cashflow our wedding and honeymoon while paying extra on his home.
You’re a keeper
Yay!!! :)
If your husband gets embarrassed when you tell people then why do you tell people
@@michaelryan2208bingo.
I'd be proud of the $137 💍. That's such a cool story!!!
I'd say at a minimum, all of your retirement money.
You'll give that in the divorce.
Lol behave😂
😅😅😅
Sounds like good advice to me
Nice one bro 😂😂😂😂
I saved and spent 3 months salary on my wife's engagement ring. It'll be with her forever, looking at it all day every day for life... don't skimp out. It's just one of the only things that's worth the extra cost imo. If you go and change the ring later, it muddles the visual reminder of the most exciting moment of the girl's life. Just my view on it.
3 months salary sounds ludicrous lol
No it depends on the woman and how much the man makes. If my husband bought me a ring 3times his monthly salary I wouldn't even want to wear it except for special occasions. I'd prefer a simple band.
Matt McLoughlin it does not matter how much you spend on your wife’s ring it comes off just as easy with soap and water as a cheap ring haha
@@trustthe_process4371 It has nothing to do with "American culture" actually --- in fact, the "three-month rule" for engagement rings originated from campaign ads by DeBeers, the British diamond mining company that still has a monopoly on diamonds and therefore artificially inflates the prices for this not-so-rare, overpriced rock....
Ur good man, a lot of cheap guys in this chat. I think spending 10k on a ring is fine. It's your wife already all and she ain't worth $1000
When I got married, my engagement ring was $200. It’s made with gold and had 7 tiny diamonds. I wear it till today. 10 years from then, we are doing better and my husband wants to upgrade my ring. We’ll spend $8000. He desires to do this and I’m happy to allow him to. Point being, you don’t have to begin a marriage with an expensive ring. Work together to build financial freedom and then, if you like, buy some nice things for yourself and the person you love.
Lol
8k ring
Smh
@@RJ12347 price of my amazing car yikes
Exactly my thought too. I'm currently looking to get her a $200 ring. It shouldn't be the ring that holds us but the love. So if she wants a more expensive ring then she's definitely not in love with me and can go find someone else that will take a loan for her. Lol
My late husband wasn't the cleverest at finances when we met. His buddy offered to sell him the [very modest] engagement ring he had from a failed relationship, and even let him take it before it was totally paid. We had some rough years, but I never forgot that when we met, my husband got THAT ring because he didn't want to wait to propose.
I got my engagement ring for $600. I was upset I couldn't get it for $500.
Ok, you are just cheap.
Good for you! Haha I agree. You can get the same quality if you go moissanite for a giant drop in price. People who call you cheap are just materialistic...
The 3 months salary thing is literally nothing but a marketing campaign from a diamond company. It's proof that if you say something over and over and over that people think it's true.
Plot twist his gf watches dave Ramsey
😂🤣😂💍Good plot
@@GottuboiBeachVolleyball haha
He said 1-2 years. It will still be a surprise.
It could save him from her having the expectation of 3 months salary or whatever the jewelry stores propagandize.
😂
“If the size/price of the ring matters then there is something else wrong”- Dave
I bought a $130 with life time warranty + tax included on my wife wedding ring 10 years ago, the ring is still on her finger and in good shape and we are having a very blessed life together. I love you my Lena 🌹🌹🌹
"She's wearing a headlight on her hand", too funny. "1/4 carat and it worked just fine" too funny. Good call. Informative, great humor thrown in, too.
Love this. This is so funny too! “There is no correlation between the size of the Diamond and the success of the marriage” 😂
People are too cheap nowadays , if you have the money; nothing is wrong getting a great valuable ring for your soon to be wife. She’s worth that & more
Hope you'll do the same for your husband or future husband as being worthy goes both ways. If you want a 15k ring you should be able to afford the same for him. Too many women demand too much these days and bring very little to the table. It's easy to test someone by buying them an average to see if the person is actually into you or your finances
If you feel like you need to test them, you probably shouldn’t be proposing.
I guess is agree with you. If you have the money, why not.
"You know what they say 3 years salary"- Michael Scott
I make monthly $3200 take home pay, my fiancé around $2000. Our engagement ring cost $2200 total with tax. Decided to get a man-made diamond. You can get a higher quality and bigger diamond for less money that way. The only difference is the resale value, but as Dave said 1) it’s like furniture anyway and 2) I don’t care about that bc it’s a ring I hope to have forever symbolic of our marriage, not an investment. 💍 💎 ♥️
Zero correlation with the size of the diamond and length of marriage. Very true
Don't do what my ex did: Got his mom's engagement ring from her first (of three) husbands. I didn't care what it looks like or what it costs, but it was from a woman who hated me, and from one of her divorces. The thought behind that ring was so shallow. He went to mommy & asked for a ring. I'd have been happy with nothing over that ring. Guys: Don't spend a ton of money. Your girl will be happy with something small & you can upsize later when you've got more money. If she whines, she's a princess. You can do better.
My husband spent a few hundred on my engagement/wedding ring it's diamond with Sapphire, my birth stone . 10 years later a friend got engaged and he spent $2500.00 on a Big Diamond ring and the marriage lasted 18 months, were going strong still 25 this year. I didn't need a huge ring, and I still love it to this day :) Yes, he's gotten me rings , over the years but my wedding is the one I cherish the most.
one of the best advice from my favorite financial advisor :) . Blessings to you Ramsey!
Pretty poor advise actually. Years ago he used to recommend two months salary for a ring, glad to see he’s come down a month but that’s still too much.
Can I also say, you CAN get an engagement ring for under $1000. Mine cost $500, and as Dave says, it makes me smile. The cost wasn’t the key to making me smile - the fact that it’s tailored to me is. I didn’t want a diamond, I wanted a unique design, and I wanted something I could actually wear every day and not snag on every other thing I touched. I ended up with a garnet set into a gold and white gold puzzle ring, and I ADORE it. Don’t fall for ‘traditional’ designs just because that’s what’s recognized as an engagement ring. Just buy a ring she’ll love and will want to wear on her left ring finger.
CJ Willis I would love to see your ring! It sounds so unique!
Good point. I have a friend with a lovely pearl engagement ring. She adores it! It cost a few hundred dollars and they have been married almost 20 years.
Guys, it's also fine to talk to your fiance about what they want before buying a ring. Even just managing expectations is helpful. I talked to my husband about how much I thought we should spend on wedding rings. Like the caller, my spouse makes a modest salary and it just doesn't make sense to spend more than a months salary on one ring. Even if it is an engagement ring. It's not romantic to go into debt before that marriage has started.
My fiancé bought me an $8k ring on a teachers salary. I’m a nurse and together we have 200k in savings for the house we’re looking to buy in the next 6 months. our only debt being the 10k I owe on my car. And we live in NJ, it can be done with lots of hard work and being frugal. We pay ourselves first
Go for it.
Congratulations, May God continue to bless you and your family
Sell the car.
@@realtonysolo lol I own it now 😘
How many years did it take for you to save up the $200k
I love the advice, it is so practical. My boyfriend asked me to go shopping with him to give him an idea of what kind of ring to get. I am really hoping whatever he gets isn't super expensive since it just doesn't make sense to me, but also I want a precocious stone not a diamond lol.
Before I watch. The answer is, whatever you can afford.
I took my fiancé to the jewelry store and let her choose. It was on sale to begin with. When I bought it I was able to get her engagement ring, wedding band, and my ring for 1,200. So, deals are out there.
Lol. He tells a 21 year old he's ready to get married before even talking to him.
He wasn't asked about martiage, he was asked about a ring
Most helpful video on the subject ive found👍
Costco has good deals on diamonds.
Also good place for his or hers wedding bands. With or without diamonds...
Clark Howard bought his wife a lovely diamond ring at Costco - he shared the receipt with the 20k ring plus white tube socks 🎉
Kathleen DiGregorio - yep. That was funny.
Wonder if it was a blood diamond...?
Yup. Got our wedding bands here. Nice quality for the best price
Costco sells everything from baby food to caskets. They get you coming in and going out.
I love how everyone has an opinion on not getting married or spending a lot on an
engagement ring... wonder how many actually follow it.... 🤔
Ladies love their rings
Would a woman is happy it makes the guy happy
I hate jewelry actually
That's why my engagement ring was plastic and my wedding ring is made of my birth stone but it's pretty cheap. I think it's pointless and not even a store of value like gold or silver most of the time. I don't see the value in it.
Seen plenty of terrific wedding rings from $900 to $1500 online. Just got to figure out her ring size, sometimes specific to that website/brand.
Great question and (as always)-- great advice.
Yessssss I’ve said that about pawn shops! I got a stunning set from there!
My advice is definitely to use a local jeweler. They will give you a much better price and service. I got about twice the ring for the same amount of money.
My ring is a cluster diamond, so it's made up of multiple smaller diamonds instead of one stone. It's 0.33 carats in total, but it looks like one big diamond on the finger & still has all the sparkle. Great option if you want the look of an expensive rock at a fraction of the price. I could have replaced it 10x over but I love the memories attached with it!
Thanks I been wondering this 👍
Litrally the advice i was needing!
Don’t buy pawn shop rings. As a woman I would not feel comfortable wearing someone else’s ring. I don’t need a big expensive ring, but I don’t want a ring that has someone else’s baggage attached to it.
It gets another life! That's beautiful to me.
You realize that inanimate object aren't imbued with mojo?
WhatShipsAreBuiltFor then melt it down and make it into a new ring.
Get a moissanite ring!! They're a really good substitute and they look like diamonds and they're waaaay cheaper! You could get like a 3 carat moissanite for one months salary of that guy.
I think they look even better actually! Shinier.
Why pay so much money for something that’s made in a lab? You can get a great natural ruby/sapphire/emerald for that price
I'm happy that my now fiancé is never the flashy type for jewelry. While we were dating before we got engaged, she even said don't spend more than $1,000 on a ring. I was fortunate to find a moissanite dimond bridal set for $900. She was happy about it.
Just got remarried at 68 years of age. Since we have prenups I wanted a ring. Glad to hear your "rule of thumb" as the ring was probably less than one month of his previous salary. But he made a lot. Regardless, although I am not a jewelry person normally, this was important to me. Particularly since we shopped loose stones and designed the setting for over a year and got it all for at least 25% less, and potentially half. Not many can or want to do that, but we are both happy.
“Now the woman wears a headlight on her hand” lol hilarious😂😂😂😂
Mine was 120€ (around $128), and I am happy with that. It means more money for other things.
Who cares about how much it was? Why care about that? It's not the point, the point is getting engaged with the person you love. I didn't even care about the ring, I cared about him proposing to me, was not thinking about the price!
I love the advise.
Good info because I'm going to start shopping for an engagement ring 💍 as well and I had no idea where or how to start
1 week is good enough for a ring. Save your money for a down payment on a house.
A house is a much better gift!
The wifey likes when you spent money on them. It’s worth it cause it makes them smile for years to come. It’s a one time purchase don’t be cheap.
@@MichaelSmith-fh2nu the ring or the house?
Godless Melanisia smart
@@MichaelSmith-fh2nu
Another man can make them smile also. Stay woke
"If she requires 3 carrots she's probably not a keeper."
wfangnxd117 She may be a bunny. 🐰
🥕🥕🥕 = 🙅♂
I gave my wife 10 carrots for our 20th anniversary. She loves the idea.
There are a lot of second hand online stores out there. Idonowidont and haveyouseenthering. I bought a D color ring, .70 carats for $1600. Great deals.
3:00 "just a bunch of garbage" Hahaha I could not agree more.
Spend what you could afford without having to get a loan for a ring. In my case, it was 3k.
.23 ct is the Canardly series of diamonds. Canardly see it at all.
My son was getting married. I had a 70 year old antique ring from my grandmother when she passed away in 1989. It's been in sitting in my jewelry box. I never wore it, I guess it was waiting for my daughter in law! I had it cleaned and appraised. It was worth $2500, art deco. After I got it cleaned I thought, why have I never ever worn this, it's so pretty! My daughter in law loves it and it meant a lot to her because it was a family heirloom! Sometimes this is worth a lot more than going out and buying a ring!
I was blessed with my husband’s grandmother’s heirloom diamonds. 1 1-carat and 2 2/3-carat. Old-fashioned brilliant cut. We spent less than a $1k on the setting. Perhaps one day, I’ll give them to my son to give to the right girl.
Ask your girlfriend, diamonds aren’t the choice now a days, my mother’s ring is emerald, my aunts is a ruby-just another way to safe money
Dave, I don't understand how you calculate folks' take home pay... It seems like you aren't used to most people taking a standard deduction and paying typical 25% federal and 5%+ state income taxes. How can his take home pay be $3800 with a 55k salary. My math says 3800 x 12 = 45600 which is 17%. this is also before deducting for health care, dental, 401(K) etc that comes out of pay. I think its more reasonable to think his take home pay is closer to $3000.
I completely agree and thought this.
Well my fiance did not have much money( he is just starting out as an Electrician) and I guess to not complex things, we look at rings together that was in his price range, so I could give him an idea. When I tell you, he became so relax when I was telling him rings that I like/dislike that was in his budget lol I love the ring because I know he picked it out just for me :) and layer on, we could always upgrade the ring. The wedding is the costly part lol
Might I recommend morganites? Beautiful clear light reflecting stones that give off a bit more sparkle than diamonds and cost significantly less :) it’s also and actual precious stone so it’s not like buying a fake diamond.
You mean Moissanite?...Morganites are the pink stones.
A friend of mine is a former auctioneer. She once told me not to waste my money at a Jewelers. Buy a ring at a estate auction. Jewelry for pennies on the dollar.
I purchased the stone for my fiancées ring from a supplier and same with the metal and in total spent about $2k. I designed and made the ring myself. I didn’t buy a diamond I bought a colorless Sapphire and it’s a 2.48 kt. The ring is roughly worth between $5-$10k.
Cheat codes for real
It doesn’t hold value tbh. I saw some ppl bought it from a luxury brand with around $45k and after 10 years they sell it with $20k. 😅 I want a nice ring too but if they price drop that much, it’s not a good investment then.
If she has a problem with how much the ring costs that says something about her.
Oh it says a WHOLE lot. More than you know...
That can be your litmus test to see if it's worth letting her hitch her trailer to your vehicle.
True! If she loves you, she’d be contented with just less than $500 ring.
U speak fax so true i started off small now my wife have a 1.5k ring
My engagement ring was $300 and my wedding ring was $300. They are both CZ. My wedding and dress combined were probably about $600.
We are happily married, but I won't lie, I wish I had a nicer ring and wedding. We plan to upgrade on our 25th anniversary.
Thanks for sharing. Why not upgrade now instead of putting up with a ring you don't like for 20+ years? Smart saving on the wedding it's just one day.
🛣
I hope Mrs. Ramsey’s 0.23 karat ring has been included as a part of the upgraded ring(s).
great video and solid sounding advice. I hope things worked out for Grant and his fiance back 4 yrs ago when this vid was made
I hope that pawn shop 💍 comes with the Receipt from KAY'S 😂
Have her watch the documentary Blood Diamonds and tell her that you care too much about child slaves to participate in that market by buying a diamond. THINK OF THE CHILDREN!!!!
Excellent comment.
Dave Ramsey should no better as he is a self proclaimed Christian
There better be a couple people that died if I’m paying so much
TIA
I bet you all have iPhones though
Double standards
Then get her a lab grown diamond. Most importantly, ASK her what she'd like. Establish a budget beforehand, and take her shopping with you. After all, she's the one who's going to be wearing it.
An alternative to diamond is moissanite. It’s cheaper and is rated a 9 out of 10 on the diamond scale. Remember: it’s not a diamond but it is a unique gemstone. With a moissanite you can get your fiancé a 3 carat ring for about 3,000 to 5,000 and it’s still beautiful. Think more about the marriage: a house, kids, a saving fund, etc. My mom always say it’s two people who make up a holy union and marriage, nothing else.
My fiancé designed my engagement ring and his dad made it. I absolutely love my moissy ring!
Mohs Scale
Great advice Dave I buy precious metals and bullion and coins I buy them using stock market value of the precious metal. and a lot of people come to me thinking they're going to get the price they paid or more . they could have had spent $1,000 but in metal weight the piece of jewelry it might only be worth a hundred bucks and they say I got it appraised and I got to explain that is retail price not total value of the medals or even the diamond I try to stay away from buying diamonds because people come in there with a $3,000 diamond ring and I might only worth be a couple hundred
The ring represents commitment and love. It can be a juice cap ring at summer and still would be amazing 💚
We got my ring at a local jewelry store. Walked in with cash and they gave a 3% discount. Also the same ring at Kay's was double, dave is right you're paying for the ad!! Plus the ring doesn't define the marriage
My ring was 25k and a very good quality diamond. We make enough money, we could easily afford it. Not planning to buy another ring.
25k or 2.5k? You talk about 25k like it’s nothing haha
@@carryg580 25k = $25 000
@@carryg580 it's not nothing, it is a lot of money but we decided to pass it on our child in the furniture for his/her engagement and then they have to give it to ther kid etc. We wanted to have a ring which will stay in the family for generations.
@@vla179 that’s cool! May I ask what the ring is? Like cut and karat and if it’s just diamond or something else with it? I love jewelry so I’m just curious haha
Dave’s advice is right: $60K income, I just bought a $3600 ring ($900 band - $2700 Lab Grown Diamond) 1.84 Ct oval. With great features & cuts. Slightly less quality grading in color/clarity, but to the human eye, there is no difference. Proposing in 3 days. Felt amazing to pay in cash.
Congrats my bf makes 50k n I told him 1200$ diamond ring..so I think im not over demanding....
Also, there’s smaller diamond stores that don’t mark up the price like bigger franchises do! Definitely go to different stores and shop around!
My Fiance is a Goth, blessing and a curse, the ring had to be custom made and shipped halfway around the world, but was actually pretty cheap because it's Black Sapphire not Diamond. With skulls, obviously.
Obviously
💀☠️💀☠️
I spent 1.5 months on my wife’s ring. I felt comfortable spending this as I had no debt
I had a custom ring made and went with a salt and pepper diamond with commercial grade emeralds. It was not cheap but it looks way more expensive than what I spent for it. And there is not another like it in the world.
Looking back over the decades, my wife and I agree that a nitrided titanium ring with
a cubic zerconia stone would have been a better deal. The mark-up is 5x on jewelry.
I'd have to disagree with you on the cubic zirconia, cubics can look a lot like diamonds BUT they need to be replaced every so often because they become dull and lose their sparkle.
Diamonds are not even rare. The supply is hoarded on purpose. It's like oxygen was on the Lorax
When we got engaged, he had me to go with him to pick out a ring. I don't like diamonds, so I picked out a morganite ring with a rose gold band. It was $1200 and sale for $900. I asked if there was anyway we can get it cheaper, and they gave it to us for $700. That's includes a lifetime of inspections and anything that needs to be fixed. We were thrilled! More than what I wanted him to spend, but it was the only one that truly made me smile. Its been 3 years and I still get many compliments.
...what did you do to make it that much cheaper!?
@@analan3966 I jokingly asked the salesperson and she asked the manager. The manager said we could get $200 off the sale price. Prices for jewelry can sometimes be talked down. I did that a couple times.
All the rules for engagment rings can go out the window if you find the right person who doesn't care for ourside appearances. I bought my wife a ring right in the middle quality .74 karat at a local shop who owned the diamonds. When you go to these other shops they very often dont need to compete but local shops will work with you.
Headlight on her hand ..I'm dead...😆
Some of these questions...Dave, should I use Charmin or Quilted Northern?
L L I suspect the answer is to buy what's on sale. :)
Part 2 "Should I Wipe Up or Down'
I’m all about financial literacy, but when it comes to a ring I for sure wouldn’t buy one used. You really only plan to buy one once in your life so I would buy a nice one especially because you love this person
Totally agree! Life is too long to save money, one doesnt have to be frugal all the time.
Nice advice. Remember all of the friends and family will be grabbing her hand and heavily scrutinizing your choice. No pressure kiddo! 😂🤣 Don’t spend more than 4K. Also if you know someone who has a business and can go to “Market” wit the wholesalers who meet s couple of times a year I believe, that’s a way to get something nice even cheaper.
Wasn't there a study that mapped average length of wedding vs how much was spent on an engagement ring? It was entertaining the pattern of it was not the cheapest rings that had the longest length but the second cheapest. A little bit of value counts but far less than a month's salary.