How Much Should Someone Spend On A Wedding Ring

However if you are someone who is living month to month on your salary or already suffering under the burden of significant student loan or credit card debt this may not be the most feasible or sensible option.

How much should someone spend on a wedding ring. You always have the option of presenting your potential fiancé with this information and suggesting he or she spend the average amount. If you want to spend 50 000 on a ring and you can afford it also great. Some people prefer a ring that was passed down from their mother.

No one should go into debt in order to pay off their engagement ring. According to the knot 2018 real weddings survey the average amount many couples spend on an engagement ring is more than 5 600. Your financial means should determine your budget rather than a worldwide average.

Ignore the two months salary rule and set a budget for a ring that she ll love. If you want your wedding to happen sooner rather than later keep in mind that on average couples spend more than 30 000 to tie the knot. In fact 10 percent of ring shoppers are spending under 1 000.

Instead opting for a more reasonable amount or even using an heirloom ring are more preferable options. So the answer to the question of how much you should spend on a wedding ring really comes down to personal preference and budget. It s also observed women preferred white gold while men opted for tungsten metal wedding ring style.

But does that make sense. Yes the old rule is to spend two months salary but that s just not very realistic for a lot of people nowadays. While 5 900 is the national average cost of a ring the spend per couple varies.

It s no news that engagement rings are pricier than wedding bands. Others prefer an ultra modern ring or a heritage design or an oval shape. Don t be pressured into a ring you can t afford.