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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.

Handbag and jewelry haul puts Malaysia's former first lady in spotlight

KUALA LUMPUR (Reuters) - In early 2015, as Malaysians were protesting over government plans to introduce a consumption tax, the then first lady was complaining about the rising costs of her hairdresser. Rosmah Mansor lamented in a speech at a public forum ...

Published:  Sat, 19 May 2018 19:39:00 GMT



John Varvatos to Offer Jewelry for First Time

John Varvatos is going into the jewelry business - and not in a small way. Through a licensing deal with Gurhan Orhan, the designer has created his first signature jewelry collection, which will consist of more than 100 pieces of bracelets, cuff links ...

Published:  Sun, 20 May 2018 10:00:00 GMT



Police investigating jewelry store robbery at Rolling Oaks Mall

SAN ANTONIO - Police said there was a smash-and-grab robbery at the Adorn Jewelry store in Rolling Oaks Mall on Saturday afternoon. Authorities have made an arrest in possible connection to the robbery. Authorities said the person went into the store with ...

Published:  Sat, 19 May 2018 20:21:00 GMT



Hundreds of designer handbags, jewelry, cash seized from former Malaysian PM's condo

The items were carted out of a luxury condominium during pre-dawn hours, and included "jewelry, watches and other valuables", police said. "Exactly how much jewelry, I would not be able to say, because we know that we confiscated bags containing jewelry ...

Published:  Fri, 18 May 2018 20:48:00 GMT



All About the Gorgeous Jewelry Meghan Markle Wore for the Royal Wedding

Meghan Markle didn't skimp on the gorgeous jewels she wore to tie the knot to Prince Harry at the royal wedding at Windsor Castle Saturday. Meghan walked down the aisle in boatneck Givenchy off-the-shoulder gown and accessorized with plenty of stunning ...

Published:  Sat, 19 May 2018 04:59:28 GMT



Ex-Malaysia PM to face graft probe as police seize jewelry, handbags

KUALA LUMPUR (Reuters) - Ousted Malaysian Prime Minister Najib Razak has been summoned by the anti-graft agency amid a probe into troubled state fund 1MDB, sources said on Friday, after police launched pre-dawn raids on premises linked to Najib and ...

Published:  Fri, 18 May 2018 09:52:00 GMT



Meghan Markle's Wedding Jewelry Was So Perfect, It Left Us in Awe

As soon as Meghan Markle stepped out of the car, she took our breath away. On May 19, the former Suits actress married Prince Harry in a stunning gown designed by Clare Waight Keller for Givenchy, which she wore with an embroidered, cathedral length veil ...

Published:  Sat, 19 May 2018 06:19:00 GMT



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