Rule of thumb: Spend 2 months of your income on an engagement ring. Therefore, if you are making $1000 per month, spend $2000 on an.
Here's a guide to the new rule for engagement ring buying. 40-50 years after my marriage), it was worth the money and well above the 1/10th rule of thumb.
You've probably heard the "one month's salary" rule, which says you should spend one month's gross income on an engagement ring. Few people realize that.
And does this engagement ring rule of thumb consider total compensation? What if there's an additional 10% bonus earned that year?.
Read on for our guide to the average cost of an engagement ring and This is more a rule of thumb, however, and if the person buying the ring.