What Is A Good Amount To Spend On A Promise 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.

What is a good amount to spend on a promise 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. If you make 30 000 per year spend 5 000. In fact 10 percent of ring shoppers are spending under 1 000. At kay jewelers they range from 199 to 599.

There are no rules or guidelines around how much to spend on promise rings but it s usually significantly less than an engagement ring. But your personal budget should depend on your current financial situation. Promise rings can range in price from just a few hundred dollars for a simple elegant ring made from gold or sterling silver to several thousand dollars for a promise ring that features diamonds and or other gemstones. Jewelry promise rings typically range from 500 to 2 000.

You should spend 2 months salary on an engagement ring. If you make 60 000 per year spend 10 000 on the engagement ring. Our study found that one third of all respondents are spending between 1 000 to 3 000 on their 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.

A promise ring is a symbol of commitment and is often seen as a pre engagement ring.