What did you spend on your engagement ring?

We, and I say we because we share money and bills...all finances, spent $6,750. That is less than one month of his gross salary. We felt that the two months salary idea was ridiculous, spend only what you feel is appropriate for what you like. We are older (both in our 40's) and not a first marriage. We have a little more money to spend now than when I was 20 and getting married. Then, my ring was literally $600 and I still wear it on my right hand and am still very fond of it. Spend only what you can afford and what you like. There is no reason to follow that silly rule. If you like a $200 ring or a $15,000 , then so be it, but don't go broke over it.

Wayyyy less than two month's salary. I know because we talked about a budget together.

That formula was invented by the jewelry industry to make you spend more on jewelry. Think about it. Let's say a person makes $60k per year for easy math (so, $5,000 per month). That person's supposed to spend $10,000 on an engagement ring? People spend less on their entire wedding and honeymoon! Now imagine a person who makes $120k. That person's supposed to spend $20k on a ring that could fall off and get lost down a sewer drain.

The formula also doesn't account for lifestyle/debt issues. That person who makes $60k might be debt free and in a position to spend way more on a ring. The person who makes $120k might be sacking half of that salary to student loans and credit card debt. It's a stupid rule that only benefits one person: the jeweler.

Spend what you all can afford and get a ring you like. Don't rely on a bullshit standard that doesn't have your best interest at heart.

10 pence... i used a haribo one

My first months pay.