Rule Of Thumb For Engagement Ring Cost. While 5500 is the national. Rule of thumb. If youre deciding how much to spend on an engagement ring there are several factors to consider. According to a 2019 survey from The Knot the average engagement ring cost is actually somewhere around 5900 and a good number of survey.
Driving a 70k car and not buying a 30k ring does not make me selfish. But how much should you spend. Spend 2 months of your income on an engagement ring. 1 The Three Months Gross Salary Rule This rule stipulates that if a man makes 80000 a year he should spend 20000 on an engagement ring. In fact for the average american it s close. An engagement ring should cost the buyer two-months salary.
And obviously its different for every guy.
In 2016 the average amount spent on an engagement ring in the UK is 573. Sounds simple but the old 2-month rule of thumb is a BAD idea. Agreeing to a lifetime of monogamy however comes not with a prize but with a price tag. If for example you are making 60000 per year you should spend 10000 on the engagement ring. Rule of thumb. But as priorities shift that.