What Is A Good Amount To Spend On A Promise Ring

You should spend 2 months salary on an engagement ring.

What is a good amount to spend on a promise ring.

A promise ring is a symbol of commitment and is often seen as a pre engagement ring. Just like with engagement rings and other jewelry there aren t any specific rules explaining how much you should spend on a promise ring. There are no rules or guidelines around how much to spend on promise rings but it s usually significantly less than an engagement ring. Remember often people purchasing promise rings are younger and don t have the financial means to be spending a lot of money mcleskey dolata says.

If you make 30 000 per year spend 5 000. At kay jewelers they range from 199 to 599. The average millennial couple aged 18 34 spends just over 3 000 on an engagement ring while the average couple spends about 2 800 according to a td bank survey of over 1 700 u s. In fact 10 percent of ring shoppers are spending under 1 000.

If you make 60 000 per year spend 10 000 on the engagement ring. Jewelry promise rings typically range from 500 to 2 000. While 5 900 is the national average cost of a ring the spend per couple varies. Our study found that one third of all respondents are spending between 1 000 to 3 000 on their engagement ring.

But your personal budget should depend on your current financial situation.