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How Much Should You Spend on a Wedding Ring?

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How Much Should You Spend on a Wedding Ring?

Are you thinking about getting married? If so, congratulations! However, whether youíve already popped the question or are just thinking about it, thereís a lot of things to consider. You have to find a venue, a band, book a caterer, get a cake. The list goes on and on. In all the hubbub though, donít forget to get your wedding rings!

Out of your entire wedding budget, you should spend about 3-5% on your wedding bands. This will ensure you get nice, matching bands that donít break the bank but still look lovely for the both of you.

About Engagement Rings

When youíre asking yourself how much should you spend on a wedding ring, however, youíre more often than not thinking about engagement rings. Engagement rings tend to be quite a bit more expensive and extravagant. That being said, just because there are certain ďrulesĒ or averages quoted on wedding websites doesnít mean you have to stick to them. What follows is just a guide of what is currently considered the ďnormĒ in terms of cost of engagement and wedding rings.

You might have heard this one: an engagement ring should cost as much as two months of your salary. Yes, that is the old ďruleĒ when it comes to determining your budget for the ring but donít let this hold you down. If this is just too much for your budget (and donít worry, it is for many people) donít feel pressured to buy outside of your means. Instead, opt for a ring that fits more within your budget. The engagement ring is just one part of what youíll be spending soon. Weddings themselves are quite expensive, so please try to keep that in mind.

Buying Options

If you have money saved up for a ring, that is the ideal situation. You see, if you buy a ring on credit, youíll be paying that off for several months. This means itís highly likely that youíll be married and your incomes will be combined before that debt is paid off. This creates the very real possibility that the recipient of the ring will be helping to pay off that debt, which doesnít seem right.

The less debt you accrue, the better, when it comes to wedding planning and starting out your lives together. Do you really want to begin your married lives buried in debt?

So, the answer to the question of how much you should spend on a wedding ring really comes down to personal preference and budget. Yes, the old rule is to spend two monthsí salary but thatís just not very realistic for a lot of people nowadays. Instead, opting for a more reasonable amount or even using an heirloom ring are more preferable options.

Additionally, itís important to differentiate between a wedding ring and engagement ring. Typically, youíll spend less on wedding bands than you would on an engagement ring but itís up to you. Remember: this is your big day weíre talking about. Do what feels right for your situation.

'Tis The Season For Jewelry Stores To Shine And Build Business For Next Year

The December holiday shopping blitz is just about in full gear. December is the month when jewelry retailers can be expected to make some 20% of annual sales , about as much as they make during the entire first (21%), second (23%) or third quarter (20% ...

Published:  Mon, 20 Nov 2017 00:23:00 GMT



Queen Elizabeth Opens Jewelry Vault For Meghan Markle

Meghan Markle and Prince Harry have yet to announce their engagement, but the "Suits" star has already received a gift from Queen Elizabeth. Queen Elizabeth is very generous to open her jewelry vault for Prince Harry's soon-to-be bride. According to Yes To ...

Published:  Sun, 19 Nov 2017 19:55:00 GMT



These celebs are sporting Alex Woo jewelry

The New York Yankees may have lost to the Houston Astros in the baseball playoffs, but "Made in New York" jewelry designer Alex Woo has the bases loaded with bold-face names wearing her bling. Just before supermodel Kate Upton married Astros pitcher ...

Published:  Sun, 19 Nov 2017 08:27:00 GMT



Gift for Her / Jewelry Dish / Date and Initials / Wedding Gift / Personalized Gift / Personalized / Engagement Gift / Bridesmaids

Back in 2014 I wanted to create something that was personal, affordable, and totally unique. I designed these jewelry dishes to be elegant, minimalist, and carry individual meaning for whomever orders one. Since then, various people have started creating ...

Published:  Sun, 19 Nov 2017 13:18:00 GMT



Classic Hollywood Jewelry Up for Auction

The glamour of Hollywood's Golden Age is hitting the auction block Saturday in Los Angeles as Julien's Auctions offers over 500 pieces of on-screen costume jewelry by Joseff of Hollywood. Founded in the late Twenties by Chicago-born businessman Eugene ...

Published:  Mon, 20 Nov 2017 00:24:00 GMT



Sand jewelry brings back those summertime memories

As the days get colder, memories return of lazy, sun-drenched days relaxing on a favorite beach. Wouldn't it be nice if you could carry a piece of that memory around with you all the time Pay a visit to Kate Clark, who makes jewelry out of beach sand at ...

Published:  Sun, 19 Nov 2017 01:24:00 GMT



Inside the 'Beauty and the Beast' style wedding of Serena Williams and Alexis Ohanian, where the bride wore $3.5 million worth of jewelry

Tennis superstar Serena Williams and Reddit cofounder Alexis Ohanian wed on November 16, 2017. The couple met about two years ago and have a two-month-old daughter. The wedding was spectacular - from the guest list (Beyonce and Ciara were in attendance ...

Published:  Sat, 18 Nov 2017 11:59:00 GMT



Comprehensive Report on Jewelry Manufacturing Market by Transparency Market Research 2016 - 2024

Transparency Market Research has announced the addition of the "Comprehensive Report on Jewelry Manufacturing Market by Transparency Market Research 2016 - 2024" report to their offering. The demand for jewelry is mainly dependent on the disposable ...

Published:  Sun, 19 Nov 2017 23:14:00 GMT



10 Pieces of Cute Running Jewelry

Runner's World editors independently select the products we feature. If you choose to purchase a product from one of our affiliate partners, we earn a commission from the sale, which helps fund all the other work we do. There are plenty of ways to spot a ...

Published:  Mon, 20 Nov 2017 00:06:00 GMT



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