What Is A Good Amount To Spend On A Promise Ring

While 5 900 is the national average cost of a ring the spend per couple varies.

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

If you make 30 000 per year spend 5 000. Our study found that one third of all respondents are spending between 1 000 to 3 000 on their engagement ring. However it can be given for many different reasons as a symbol of chastity loyalty monogamy friendship or even a promise to oneself to stay clean and sober. Jewelry promise rings typically range from 500 to 2 000.

Just like with engagement rings and other jewelry there aren t any specific rules explaining how much you should spend on a promise ring. In fact 10 percent of ring shoppers are spending under 1 000. You should spend 2 months salary on an engagement ring. At kay jewelers they range from 199 to 599.

But your personal budget should depend on your current financial situation. If you make 60 000 per year spend 10 000 on the engagement ring. 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. How much should a promise ring cost.

There are no rules or guidelines around how much to spend on promise rings but it s usually significantly less than an engagement ring.