How Much Should Spend On Wedding Ring

It s no news that engagement rings are pricier than wedding bands.

How much should spend on wedding ring. If you want to spend 50 000 on a ring and you can afford it also great. So the answer to the question of how much you should spend on a wedding ring really comes down to personal preference and budget. Instead opting for a more reasonable amount or even using an heirloom ring are more preferable options.

The average wedding ring cost is 6 351 the average diamond size for engagement rings is 1 0 carat in the uk couples spend around 2500 for their engagement ring japanese women prefer smaller diamonds 30 carats. But the wedding ring also packs some costs. 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.

Don t be pressured into a ring you can t afford. See below on how we debunk this theory. Average engagement ring cost.

How much should you spend on a wedding ring. A 1 carat engagement ring costs an average of 5 500 and that s before you spend more than 1 000 on average for her wedding band. According to the knot 2018 real weddings survey the average amount many couples spend on an engagement ring is more than 5 600.

You should spend at least 2 months salary on the engagement ring. I know a guy who spent 300 and i know a guy who spent 100 000 on his engagement ring. In fact 10 percent of ring shoppers are spending under 1 000.

Ignore the two months salary rule and set a budget for a ring that she ll love. Yes the old rule is to spend two months salary but that s just not very realistic for a lot of people nowadays. And it will save money.