| Author | Topic: Spending Guidelines |
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Looking rough rock Posts: 4 |
posted 06-29-2001 11:39 AM
I have heard over and over again about the "two month salary" guideline for purchasing a diamond. Is this a good rule to go by, is this what most people use? I hate to sound like I want to "keep up with the Joneses" but most of my friends have bought rings that I know are way in excess of two months salary. On the DeBeers site they have a calculator where you plug in your yearly salary and then they come up with a number. I did that and that way it came out to like 4 months salary. |
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lawmax cut rock Posts: 281 |
posted 06-29-2001 12:15 PM
That's marketing hype...spend what is comfortable for you.  |
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oldminer cut rock Posts: 77 |
posted 06-29-2001 12:58 PM
I imagine that about two months salary is probably a researched average range of what people do spend on engagement rings. There is no reason to overdo the spending,but you want to give a gift that will be appreciated and appropriate. If you research the kinds and sizes of diamonds that will make her happy, then calculate with PriceScope what kind of job you need to find to spend only two months salary. Go get the new job and do the deed. Couldn't be simpler, could it? ------------------ |
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Cut Nut cut rock Posts: 157 |
posted 07-01-2001 02:50 AM
I like that Dave. But who will pay me 6 million a year? |
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oldminer cut rock Posts: 77 |
posted 07-01-2001 07:17 AM
Garry; If you can earn 12 million a year for me, I'd be pleased to hire you for a 6 million figure ------------------ |
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Cut Nut cut rock Posts: 157 |
posted 07-01-2001 07:51 AM
then i could afford 2 wives? I will gladly pay you 6M Dave if you can earn me 12m. One condition, i just keep Drena, could not handle another. PS Definition of wealthy man.... . . . |
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Cut Nut cut rock Posts: 157 |
posted 07-01-2001 07:54 AM
PS the De Beers advice was based on a bit of logical greed. The survey's found avg spending was about 1X months salary - so they reasoned - tell'm 2 and they will spend more. Personally i find the concept offensive. Spend as much as you want, or buy the diamond your lady wants, or compromise in between, its your lives |
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lawmax cut rock Posts: 281 |
posted 07-01-2001 08:02 AM
Garry!
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sma1213 rough rock Posts: 2 |
posted 07-02-2001 01:53 AM
LOL, Cut Nut! Two months salary is crap - get the best you can with what you can afford to spend. What good is it to have a huge, expensive rock if you are stressed beyond belief trying to pay for the thing? ------------------ |
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