How much for an engagement ring…
It’s exciting times… two of my friends will be getting engaged to each other soon! (If all goes as planned, of course.) I’ll have to keep their names from the blog so as not to ruin the surprise.
The reason I mention it here: my friend (the male) asked my opinion on how much to spend on the engagement ring.
Having purchased one myself two years ago, I had to go through this same decision process. And having a engineering background, I had a very exact answer for him.
Minimum Price of Ring = 7,000 + [(2,000p + 100s + 1,000r)(y)(m)] / 3f where r is >= 1.
He didn’t like my answer very much since he was never good at math, but then I explained it to him.
In this day and age, I think $7,000 is the least someone should spend. If you think you should be spending less, then you shouldn’t be asking my opinion on how much to spend. You’re not looking for a real answer, you’re looking for someone to justify your choice to be thrifty.
From here we add on what I call the penalties or rewards for the life you’ve led thus far.
p = number of previous engagements which cost you an extra $2,000 per engagement.
s = your promiscuity scale, i.e. the number people you’ve slept with. This isn’t really a penalty but more of an amusement tax.
r = number of previous SERIOUS relationships. Basically the people you almost asked to marry you or at the very least you still think about when you have “alone time.” If this happens to be zero, then you must put 1 in honor of your mom.
y = number of years you have been dating the girl rounded to the next year. So if you’ve only been dating for 4 months (not sure why you’d get engaged that fast, but…) then you would count that as 1 year. If it’s been 1 year and 2 months, then that’s 2 years, etc.
m = age of guy buying ring
f = age of fiancee to be.
After explaining everything, he seemed to understand the math, but still exclaimed, “Are you fucking kidding me?”
“Nope.” Because it works. Here are some examples:
A “good boy” who has never had sex, no previous engagements, no serious relationships and is so excited to get married that he proposes within the first year and is marrying someone his own age…
Minimum Price of Ring = 7,000 + [(2,000*0 + 100*0 + 1,000*1)(1)(30)] / (3*30)
Minimum Price of Ring = 7,000 + 30,000/90
Minimum Price of Ring = $7,333.
Now let’s say you’re someone like Hugh Hefner marrying one of your ladies…
Let’s make previous engagements 5, past sexual partners 3,000, serious relationships is 1 (for his mom), years dating is 3, his age is 85 and her age is 21.
Minimum Price of Ring = 7,000 + [(2,000*5 + 100*3,000 + 1,000*1)(3)(85)] / (3*21)
Minimum Price of Ring = 7,000 + [311,000 * 255] / 63
Minimum Price of Ring = $1,265,810
How Hugh got away with buying a $90,000 ring is beyond me. It’s probably one of the reasons she called off the wedding.
So now for my friend…
Previous engagements = 0. He’s off to a good start. Sexual partners = 50… not bad but that’s a $5,000 tax. He seems to think it was worth it. Previous serious relationships = 2, which I think is average. Number of years dating fiancee-to-be = 5 which will hurt a bit. When you start to get above 3 years, you’re going to feel it in the wallet. His age = 32 and her age = 28.
Minimum Price of Ring = 7,000 + [(2,000*0 + 100*50 + 1,000*2)(5)(32)] / 3*28
Minimum Price of Ring = 7,000 + [(7,000)(5)(32)] / 84
Minimum Price of Ring = 7,000 + [(7,000)(5)(32)] / 84
Minimum Price of Ring = $20,333
He was expecting something a little cheaper. I told him if hadn’t waited 5 years to propose he could have saved some dough. At 3 years, it would only have cost him $15,076.
Now you’re probably wondering what I spent on my wife’s ring. The answer is NONE OF YOUR BUSINESS. This is my blog – I set the rules. Besides, I don’t need you running reverse calculations to figure out my sordid past. I will tell you this, I spent more than the minimum required according to my calculations… and making Anna happy was worth every cent and more.
