Engagement Ring Budget Calculator

An engagement ring budget is subtraction rather than a formula: the money you will have, minus everything the same money is already promised to. Enter your savings, what you can set aside each month, and your share of the wedding, the honeymoon, a deposit, debt and an emergency fund, and this returns what is actually left. A second action works out how many months until you reach a price you have chosen yourself, and what a shorter deadline would cost each month. No price is suggested anywhere on this page, because the two months' salary rule was written by the advertising agency that marketed diamonds for De Beers from 1938 and rests on nothing else.

Calculator Type

Savings You Could Put Toward a Ring ($) *

What You Can Set Aside Each Month ($)

Months Before You Want to Buy

Your Share of the Wedding ($)

Whatever you personally expect to put in, including a deposit already paid.

Honeymoon or Trip ($)

Home Deposit, Moving or Furnishing ($)

Debt You Want Cleared First ($)

Emergency Fund You Will Not Touch ($)

Anything Else the Same Money Owes ($)

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