The New Rule For Engagement Ring Buying

To all the ladies in the house, you’re in for a real treat! To all the fellas thinking about proposing, maybe not! It all depends on how materialistic you are in the first place. Even if you are already married ladies, point your hubby to this article and you might just get a ring upgrade!

So what’s the new rule for engagement ring buying you ask? Well before we get into the most obvious new engagement buying rule all of society should follow, let’s discuss some of the current ridiculous rules that must be thrown out the window!

CURRENT ENGAGEMENT RING BUYING RULES

1) The Three Months Gross Salary Rule. This rule stipulates that if a man makes $80,000 a year, he should spend $20,000 on an engagement ring!  What kind of nut came up with that idea? There’s really no rhyme or reason why a man should spend 3 months of his gross salary on an engagement ring, let alone 2 months. After taxes, 3 months gross is equivalent to 1/3rd his take home pay. Imagine if the man makes $400,000 a year.  Is he supposed to buy her a $100,000 Harry Winston pink diamond?  Ridiculous.

1b) The Three Months Net Salary Rule. Crazy!

1c) The Two Months Gross or Net Salary Rule. Nuts!

1d) The 1 Month Gross or Net Salary Rule. OK, not so bad as it’s under 1/10th a man’s annual gross or net income. Again, here we go with the 1/10th rule for car buying, which hints at something beautiful.

2) The Age Rule. Another crazy rule is for the man to buy a quality ring whose size is equivalent to the age of the woman. For example, if the man proposes to a 32 year old woman, he should buy a 3.2 carat diamond engagement ring! Wow! Even if he gets em young at 18, that’s still 1.8 carats! What if you’re a late bloomer, or are simply into older women? Is a man supposed to buy a 50 year old vixen a 5.0 carat ring? Forget it! A very rich woman told this rule to me with a straight face at a bar one day. She showed me her 3 carat, E color, VVS1 yellow diamond as proof. Poor guy.

3) The Hotness Rule. This could be the most dangerous rule for men as it is all or none. Essentially, every man before proposing will say how beautiful his girlfriend is. The problem with showering her with praise such as, “You are the most beautiful woman in the world,” or “Your beauty makes the stars look dim” is that you are setting expectations incredibly high!  Your fiance will rightly think that if she really is the most beautiful woman in the world, she better get the biggest, most beautiful rock in the world! If I am a 10/10, then you better give me the most luxurious engagement ring among all my girlfriends. Women will pretend to tell you they don’t care what ring you get, but don’t listen, not for one second, unless you want to start sleeping on the coach for no good reason.

THE SOLUTION: THE CAR RULE FOR ENGAGEMENT RING BUYING

Now that you understand what silly rules there are for guys to follow when spending money on an engagement ring, you’ll now realize the absolute beauty of The Car Rule For Engagement Ring BuyingThe Car Rule simply states that a man should spend up to, but no more than the initial purchase price of his car!

Most guys like cars. The more obsessed he is about cars, the bigger and better your potential ring. We all realize that buying a car hurts our finances because it’s a depreciating asset. Yet, guys still overspend anyway, and in a big way. If a guy making $80,000 a year is dumb enough to buy a $50,000 Cadillac Escalade (78% of his net after tax income) you should most definitely demand he spend $50,000 on a 2 carat, Tiffany Novo ring that is an E color with VVS1 clarity! Blow up his finances with glee!

Conversely, if your man is fortunate enough to make $300,000 a year like Lyndon, but drives a 10 year old Honda Civic he bought for $3,000 8 years ago, then all you can really hope for is that he buys you a nice 0.25 carat, H color, VS2 ring from Jarrod’s. Unless you live in New York City, Boston, or Los Angeles where the average carat size is 1.8-2.0, the national average carat size is only 0.4, so stop being greedy!

Finally, if the man so happens to be the biggest nature lover on earth and takes the bus and rides his bike, well, you’re out of luck! There is no way you can demand anything more than a Push Pop ring from Topps!

CONCLUSION

Cars are to men what engagement rings and are to women. If your man can’t spend as much money for a ring as he does on his car, you’ve got a problem. He is being completely self-centered and selfish if he hints to you that spending money on a nice engagement ring is a waste of money. This is especially true if he’s sporting anything MORE than a $20,000 Honda Civic in his garage!

If a man follows the 1/10th rule for car buying, he’ll never be stuck in this engagement buying predicament. Of course, the woman can be incredibly gracious and tell him only love matters. But we all know you’re just being nice!

For those serious about growing their wealth please read, The Average Net Worth For The Above Average Married Couple.

Regards,

Sam @ Financial Samurai – “Slicing Through Money’s Mysteries”

 

Sam started Financial Samurai in 2009 during the depths of the financial crisis as a way to make sense of chaos. After 13 years working on Wall Street, Sam decided to retire in 2012 to utilize everything he learned in business school to focus on online entrepreneurship.

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Comments

  1. Tina says

    I completely agree, complete BS. If you are obsessed with getting a huge diamond engagement ring, then there are so many ways you can buy a ring for much less than 3 months wages! Personally I didn’t mind my husband buying me a used engagement ring, we got it from haveyouseenthering.com at low discount diamond prices. I am happy with it and so was my husband.

  2. Ann says

    I had a good laugh at this article. As a 20 something year old female whose friends are getting married/engaged left and right, I don’t get the entire buying a diamond because size does matter. I’ve noticed that whenever someone gets engaged, the first thing they’re asked is their ring. Wouldn’t it be better to spend the money on say a down payment for a house or car (lol) instead since they’re more practical items?
    Personally, it seems crazy to me that people go into debt planning weddings, getting rings, honeymoons when marriage is a long road ahead (if it’s done right) fraught with financial decisions.

  3. Alex says

    I’m a 30-something gay man thinking of proposing to my boyfriend in the next year or two. Since we have a healthy relationship and communicate, he jokingly passed this article on to me. My simple conclusion?

    Whoever wrote that article is a materialistic, sexist piece of junk. Women wonder why some men condescend them when it comes to finances and jewelry? Here’s an example of why:

    “If your man can’t spend as much money for a ring as he does on his car, you’ve got a problem.”

    Are you serious? A car is a tool – it’s a necessity required to go to work every day and get back. You spend hours a day in it, so comfort is important, as are things like reliability, resale value, and economy. A ring is JEWELRY. It has no function. It is not necessary. You would be just as engaged (or married) without a ring at all (or with a plastic cracker jack ring) as you would with a $100,000 ring. You would love your partner just as much (or in the case of this article, as little) regardless.

    Placing the value this joker places on jewelry should make any thinking person ashamed. But then, I guess the author doesn’t fall into that category, considering his/her posts in this thread.

    Unless Poe’s Law, in which case, DOH!

    • says

      Alex, you misinterpret the article, but I love your response anyway. The article actually serves to earn men of wasting so much money on a car that depreciates in value and also makes fun of the outrageous prices people spend on engagement rings.

      Go easy on your partner OK? Or sell your car quick and buy a bicycle instead!!

  4. Guy that can do math says

    What the hell? Its ridiculous to spend 20k on an engagement ring with the 3 month rule but you want people to spend as much on the initial purchase of their car? A decent new car is easily 20-30k? Stupid Rules same outcome.

    This article is trash.

  5. Jon says

    Most things that I read on the internet don’t usually bother me, but this article actually makes me angry that someone so utterly retarded exists in society. Let me get this straight, if I make 90000 a year and buy a new toyota, that I plan to keep for 15 years, that cost 30k then I’m supposed to buy a 30000 dollar ring? What if I work in construction making 80k a year, but buy a 40000 diesel truck, required for my job, then I’m supposed to spend roughly 90% of my annual take home? Truck drivers (owner/operators) often pay 150-200k for their rig, make 80-100k and are expected to spend 150k on a ring? The author of this article cannot possibly be a self-supporting adult, because there’s no way someone so stupid would survive, even in our world of govt handouts.

  6. jon says

    Yeah, dipshit. I read your other shitty article and heroin addicts are more financially savvy than you. Last time I checked a fucking Prius couldn’t pull a 20,000 pound trailer with construction equipment to Maine! Moreover, my last vehicle was a tacoma purchased new for 30k. I’ve done all my own maintenance (literally nothing but oil and filter every 5k) and it’s in perfect condition. Show me a 3000$ civic (it’ll have about 250,000 miles on it) that will reliably go an additional 250,000 miles without serious repairs.

  7. metal says

    What happens when the groom’s parent has bought him a car every couple of years, So hence, over the years he has spend 0 on cars?

    He bought me a nice big brilliant rock anyway, but I insisted for our upgrade that I trade-in at least 4 rings that I had sitting around. I don’t want him to pay more than he has to, so we trading in my 4 rings, and got up 4 grand toward the upgrade. But still, some guys have parents who do buy them cars like mine. We have no car payments whatsoever, so he can afford to get me a really nice ring anyway – which he did! He says “I deserve to wear a nice rock like this!” Just my kind of man. We’ve been married for over 25 years too!

    • says

      Not sure I know of any cases where a grown man’s parents still buy him a car every couple years. Maybe have the groom’s parents buy the bride the ring then?

      I guess this article is targeted towards folks who pay their own way.

  8. stan lee says

    I am not sure I get this at all. Someone making $200,000 should be buying a car at about 20k. That makes zero sense. 200k is a great living. No way that person is driving a 20k$ car. I personally make about 300k and I drive a 60k car, easy. I save a good amount of money and I own my condo with over a 1/3 put down into the deposit. I wear watches that can cost up to 20k. I just bought a ring. I spent 24k on a nearly perfect diamond that is 1.64 and is in a platinum setting. I think the article comes from a good place, but the logic is way flawed. I don’t know one person spending 1/10 their income on a car.

  9. joel says

    Are you out of your mind? What exactly does the chick bring to the table? The pleasure of her company? Rules like this are antiquated and need to be stopped – we’ve outgrown them as a society. Plus, that money is, in effect, coming out of both spouse’s pockets so time to access where it’s really needed.

  10. Steve says

    What about pegging it to your own jewelry?

    I own two cars, both Mercedes Benzes. One was $47,000 and the other $55,000. Do I go with the cheapest or most expensive or split the difference and go with the average? If it’s the latter, I’m buying an old $500 beater to statistically lower the average!

    What about pegging it to your own jewelry? I have a $15,000 Rolex. I always figured what’s good enough for me, in terms of my absolute best of piece of jewelry, is fair for an engagement ring.

    I think that’s a better financial investment comparison than one’s car. I always figured that if I ever bought an engagement ring, I’d like for something is neighborhood of my watch like $12,000 – $20,000.

    Honestly, is there a noticeable difference to the average person between a $20,000 diamond and $50,000 one.

    • says

      I think you’ve got to buy a $102,000 ring since $47,000 + $55,000 = $102,000. If you buy her a cheaper ring, what does that say about your love for her vs. the love of cars?

  11. James says

    Ok so according to this article, you are supposed to spend 1/10th of what you spent on a vehicle. I’ve spent $600 on a vehicle and $12,000 on a vehicle. Add them up and you get $12,600. So 1/10th of that is $1,260. So are you saying I’m supposed to spend $1,260 on a ring? My vehicles aren’t Mercedes, or BMW, or Hummers or anything like that. They are simple vehicles to get me from point A to point B. I don’t have a love for vehicles like some guys do. As long as it runs and gets me to where I need to go, I’m fine. Does this make me cheap? Am I supposed to spend more? And why is everybody worried about how much you spend and how on earth does it relate to the type of love you show for a woman? This is ridiculous in my opinion. Your love shouldn’t be dependent on the jewelery you buy her. I think its all about commercialism and how its warped their fragile little minds. (Goes along with the whole Valentines Day thing)

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