19
Dec
3 Months Pay Engagement Ring. If you make 200000 the ring clocks in at 500000. Lets say you make 50k a year this rule tells you to spend around 8000 on a diamond but is your income really 8000 in two months. It was a promise ring. This is more a rule of thumb however and if the person buying the ring is heavily in debt or concerned about job security he or she might want to scale back a bit.
Spending two months salary on an engagement ring is frequently repeated as an unwritten rule of buying one but have you ever wondered where that old adage originated. Japan remains one of the leading markets for diamond jewellery. Should I Spend 3 Months Salary. Worth three months salary ran one of the adverts in the 1970s. However if you dont qualify for either of those optionsdue to a poor credit score poor financial history or some. If you make 200000 the ring clocks in at 500000.
When he gave me my first ring.
Lets say you make 50k a year this rule tells you to spend around 8000 on a diamond but is your income really 8000 in two months. There are taxes bills loans insurance etc. When financing an engagement ring taking out a personal loan should be your last resort. Three months salary looks very different for different people. Calculate Your Budget Salary Rule. If you have to ask the question then you shouldnt really pay three months salary for an engagement ring.