Engagement Ring Calculator

Ring Budget Calculator

Are you trying to work out how much to spend on her engagement ring? You can use our groundbreaking Engagement Ring Calculator and find out.

Engagement Ring Budget Calculator

Please note: The budget that is generated by the calculator is a suggested projection based on our 30+ years of experience in the market, and is not a definitive amount.

What is the average cost for an engagement ring?

Based on www.theknot.com poll, the average spend for an engagement ring in 2015 was approximately $5,800. The price has probably gone up in 2017 and we estimate that the average is about $6,800.

We believe however, that your budget should not be determined by an average, but rather based on your ability and needs. No one should go into debt in order to pay off their engagement ring.

How much should I spend on an engagement ring?

There are already a few payment systems that are in place that define the “traditional way” that couples decide how much to pay. These systems have been made public by most of the big bloggers and websites that talk about budgeting for your engagement ring.

We’ve incorporated some of the best parts of the existing formats into our calculator calculations above. We also added a lot more factors to make the calculations more accurate and direct.

Our hope is to eliminate the current out-dated budget systems and instead to create a tailor-fitted budget scheme that better fits each couple and their lifestyles.

Here are the popular core existing systems:

• 3 months salary
• 2 months salary
• 1 month salary
• Average cost
• The price of a car

What if I can’t afford to buy a ring?

If you can’t afford to buy a ring, don’t buy a ring. It’s that simple. The engagement ring may be important and a monumental event, but it’s not a good reason to put your self in debt.

If you can’t afford it, wait. If you have excessive debt, wait.

If you can’t afford an expensive ring and only have a limited budget, buy a more affordable ring.

Engagement ring price brackets

Once you have determined your budget, you also need to understand which price bracket your ring falls within. Although there are many formats, below is the price bracket that we’ve categorized.

Click here for engagement rings between $1,000 and $8,000.

Click here for engagement rings between $8,000 and $11,000.

Click here for engagement rings between $11,000 and $15,000.

Click here for engagement rings between $15,000 and $20,000.

Click here for engagement rings above $20,000.

Do you want to add the ring budget calculator to your website? Copy this code:

Add calculator to your website

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