The rule of thumb for engagement rings
The right price for an engagement ring naturally depends on your own ideas. Some couples prefer it simple and easy, while other couples prefer it extravagant and flashy. The costs therefore vary with the subjective wishes of the customer. As a general guideline for spending, however, there are also certain rules of thumb that are intended to provide information about the appropriateness of prices. In America, for example, it is said that men should invest around three months’ wages in an engagement ring. The Germans are a little more economical in this regard. In this country, an amount between half a month and a full month’s salary is considered appropriate. The traditional guideline values therefore vary greatly depending on the person and country.
How much is really spent on engagement rings?
The actual numbers on engagement ring spending should be disappointing for those with high expectations. Instead of three monthly salaries, significantly less is paid. A representative study by the experience provider mydays found that 34 percent of men spent between 101 and 500 euros on an engagement ring. Only 13 percent of those surveyed are willing to pay a price of 500 to 1,000 euros. On the other hand, 10 percent leave it at an investment of 100 euros and a full 23 percent would not even buy a ring at all for their loved one. Only two percent and thus the absolute minority of the men surveyed are willing to spend over 2,000 euros on the piece of jewelry. The reality looks a little different than the rules of thumb above suggest. Few of them turn over a full month’s salary for an engagement ring.
Women prefer simple engagement
However, it is by no means the case that an inexpensive ring does not meet the expectations of a woman. As the study by mydays also found out, the majority of women are not at all interested in an elaborate and pompous application. A proud 78 percent of women want the marriage proposal to come from the heart and take place at the right moment. On the other hand, only two percent value extensive staging. In addition, 95 percent of women would rather be asked by their partner alone than in public or in front of an audience. In this way, the ladies fully meet their partners. According to mydays, 38 percent of German men find it difficult (or would find it difficult) to plan and carry out a marriage proposal. The study shows that when it comes to rings and engagements, less is often more and expectations are not too high. However, one thing is certain for the majority of all respondents: the application should definitely come from the man.
Finanzen.net editorial team
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