Quote:
Originally posted by yotta
This "Rule of thumb" was created by the diamond industry, and spread around via viral marketing.
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Two months salary is an outrageous sum for any peice of jewelry in my opinion. Lets face it, when most people are in the market for an engagement ring, they are usually just starting out in life or at least are not that established. To take on a debt of that magnatude for a bobble is asinine. I know I couldn't slap that kind of cash down for a ring without financing it, which means I would end up paying much more for the ring than it was valued at in the first place. Think what other uses you could have for money like that. Down payments for a house, a car, retirement, investing, the list goes on and on. Sure, if you have money out the ying yang and two months salary isn't going to do you any damage, then by all means, do whatever you feel, but don't let that rediculous "rule of thumb" put you in a financial bind that isn't necessary. After all, the significance of the ring isn't in its value, its in meaning; "I commit myself to you."