How Much Should Be Spent on Engagement Rings?

Diamonds are a traditional feature of engagement rings.

Traditional Costs

Traditionally, we have been told that a man should spend two to three months' salary on an engagement ring. Dr. Gad Saad, a psychologist, speculates that this "heavy financial burden...serves as an honest signal of a man's commitment to his prospective wife."

Modern Brides Have New Ideas

More and more couples share their finances and may want to spend their money on something the two of them can enjoy together. As "Miss Penguin" from the romance website Datingish put it, "Why should I need expensive jewelry to feel loved?"

Bottom Line

It can be meaningful to spend a lot of money on an engagement ring, but what really matters is that the symbol is important to both parties in the relationship.

References

• Psychology Today: How Much Should One Spend on an Engagement Ring?
• Datingish: I Don't Really Want a Diamond Engagement Ring

Resources

• Slate: Diamonds are a Girl's Worst Friend
• The Knot: Wedding Rings 10 Commandments
• Your Engagement 101: World's Most Expensive Engagement Rings
• Moneyning: Two Months Salary? Not on Engagement Rings