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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.

Trump Tower Residents Robbed of $350K in Jewelry: NYPD

Two Trump Tower residents were allegedly robbed of more than $350,000 in jewelry, the NYPD said. Police say one woman who lives at the building on Fifth Avenue discovered she was missing $236,000 ...

Published:  Sun, 22 Sep 2019 15:07:00 GMT



Trump Tower Theft: $353,000 in Jewelry Reported Stolen

Two residents of Trump Tower in Manhattan reported the thefts of jewelry encrusted with diamonds, emeralds and sapphires from their apartments in the building where President Trump also lives when in ...

Published:  Sun, 22 Sep 2019 15:41:00 GMT



New York police investigating alleged Trump Tower jewelry thefts

A guard stands outside of Trump Tower on Fifth Avenue in Manhattan in 2018. President Trump had better keep an eye on his valuables when he visits New York for the UN General Assembly this week. NYPD ...

Published:  Sun, 22 Sep 2019 16:01:00 GMT



The 3 Best Ultrasonic Jewelry Cleaners

When your jewelry requires a serious cleaning, using one of the best ultrasonic jewelry cleaners can help. These powerful devices can easily lift away dirt, grime, oil, and even mold from most jewelry ...

Published:  Sun, 22 Sep 2019 14:03:00 GMT



6 Spring 2020 Jewelry Trends You're About to See Everywhere

Fashion Week has brought us fresh Spring trends aplenty, from the dresses, tops, and shorts that will soon be everywhere to the new bags and shoes we can't wait to wear. While wearable clothing trends ...

Published:  Fri, 20 Sep 2019 08:01:00 GMT



NYPD investigating alleged Trump Tower jewelry thefts

President Trump had better keep an eye on his valuables when he visits New York for the UN General Assembly this week. NYPD detectives are investigating the alleged thefts of more than $350,000 ...

Published:  Sun, 22 Sep 2019 02:22:00 GMT



Man Accused Of Stealing $7K Bracelet From Brooklyn Jewelry Store

NEW YORK (CBSNewYork) - Police are trying to identify a man accused of stealing a bracelet worth thousands of dollars from a Brooklyn jewelry store. Police are trying to identify a man accused ...

Published:  Sat, 21 Sep 2019 06:44:00 GMT



Here's Why You Should Go See Sotheby's Jewelry Collaboration With Dover Street Market

Dover Street Market's 1-year-old Downtown Los Angeles annex-with its radical mix of high fashion labels, coveted sneakers and contemporary art-may not be the most obvious place to find a ...

Published:  Sat, 21 Sep 2019 16:05:00 GMT



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