The Ring

How Much Should You Spend on Wedding Rings?

How Much Should You Spend on Wedding Rings?

There are more than one million Facebook users whose status shows that they are engaged, with another one million whose status shows they are in a relationship. That is a vast number of people who are committed to having a wedding anytime soon, and people who may also be looking to getting engaged sometime in the future. However, most of these people share a common question; how much they should spend on their wedding rings? Here are some guidelines to help you make that decision.

  • Account for what you spent on the engagement ring. You are already engaged, and now you are wondering on the amount you should pay for the wedding rings. One of the best places to start to come up with a definite and satisfying answer is by considering the context through which you bought the engagement ring. The traditional way of buying an engagement ring is by choosing a ring that is worth between your 1 – 3 months wages. However, it is also worth noting that this method of choosing it has lost its touch. Nowadays, many couples prefer to choose the engagement ring according to the set budget. Therefore, if you spent a fortune buying the engagement ring, you might want to go for a simple wedding ring. This is especially true if your spouse will wear both the engagement and the wedding rings, at the same time.
  • Consider your budget. You should make sure you go for a wedding ring that you can afford. This is very important because you will be able to ensure that you do not blow a hole in your budget while shopping for the ring. The last thing you want to happen to your wedding is a deficit in the budget because you spent more than you had planned to buy a wedding ring. This ring is essential for any wedding, but you should make sure the amount you spend buying it does not impact your budget negatively.
  • Bride’s expectations. One of the things that you should know as a groom is that the wedding ring is an important aspect of your wedding and it matters to your bride. Therefore, you might be financially pressed, but you should still give it your best, to ensure you get a ring that impresses your bride. Always remember that a wedding ring is a symbol of your commitment and your love to your bride. What you spend on it reflects your investment in your future together.
  • Split the cost. The three-month salary mentioned earlier might not work for you, no matter how hard you try. You can always sit down with your bride and come to a consensus. You might not be in a financial position to buy the ring of her dreams by yourself. Splitting the cost for both the rings can play a big role in getting you the rings you desire, at an affordable price. This is a good option if you are looking at spending a small fortune, without messing your budget.