How much should I spend on an engagement ring?
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 engagement ring.
If you’re making $2500 per month, spend $5000.
How do you know how much to spend on an engagement ring?
General Rule: You should spend at least 2 months salary on the engagement ring. If, for example, you are making $60,000 per year, you should spend $10,000 on the engagement ring.
What kind of engagement ring can you get for $5000?
The Best Engagement Rings Under $5000 (Make Her Say Yes!)
- #3 – Floral Halo Diamond Engagement Ring For Less Than 5K.
- #4 – Heart Shaped Halo Engagement Ring in 14k Rose Gold.
- #5 – Petite Vintage Pavé Leaf Diamond Engagement Ring.
- #6 – Hand-Engraved Micropavé Diamond Engagement Ring For $5000.
How many carats should an engagement ring be?
According to The Knot, the average engagement ring had a center gem of 1.2 carats in 2017. If the ring had more than one gem, the average total carat weight was 1.8 carats. Keep in mind, this is only the average – not the expectation.