How Much Should You Spend on Wedding Rings?
The journey on the way to your happily ever afters comes with a lot of tiny bumps in the road that are normal to any kind of wedding planning whatsoever. Allotting a budget for your wedding and engagement rings is an absolute must, but if you don’t know just how much you should be allotting in the first place, we understand how it can become quite the formidable task when your thoughts and options aren’t streamlined, and not knowing how to budget your rings is a very normal predicament to be in. It’s okay, we get it, which is why we’re here to help! Being able to know just how much you should spend on your rings helps give you a better idea as to how to budget the rest of your journey to your happily ever after, and we’re here to make your journey less bumpy as much as we can.
Average Cost
Wedding ring costs can range from as cheap as $100 to as expensive as $10,000 so there definitely should be a band that fits your ideal price while at the same time being the perfect ring that represents your relationship! The price ranges are definitely quite wide, and average costs throughout the years have fluctuated in huge amounts! In 2018, $7,829 was the average cost of wedding bands amongst couples. By 2019, the wedding ring price had decreased immensely and remained at $510 for males, and $1,100 for women, then shot back up In 2020, amounting to a $3,576.
As you can see, the amount couples are willing to spend on wedding rings greatly vary each year. Considering that the past two years have been greatly affected by the pandemic, it's no surprise that other adjustments in your wedding plans would have to be made, giving you and your spouse the opportunity to spend more on the one ring that signifies your happily ever after.
Wedding ring costs can range from as cheap as $100 to as expensive as $10,000 so there definitely should be a band that fits your ideal price while at the same time being the perfect ring that represents your relationship! The price ranges are definitely quite wide, and average costs throughout the years have fluctuated in huge amounts! In 2018, $7,829 was the average cost of wedding bands amongst couples. By 2019, the wedding ring price had decreased immensely and remained at $510 for males, and $1,100 for women, then shot back up In 2020, amounting to a $3,576.
As you can see, the amount couples are willing to spend on wedding rings greatly vary each year. Considering that the past two years have been greatly affected by the pandemic, it's no surprise that other adjustments in your wedding plans would have to be made, giving you and your spouse the opportunity to spend more on the one ring that signifies your happily ever after.
Things to Consider
Below, we will highlight some things to consider when it comes to figuring out hwo much you want to spend on your wedding and engagement rings. Remember, this is just a rule of thumb and your specific situation will obviously vary.
Financial Situation
Before even thinking about what kind of ring you and your partner have settled on, make sure you’re both aware of your financial situations to help narrow down your options to a specific budget! Average spend for wedding rings is usually 3% of the wedding budget, while average engagement ring cost is higher up at 14%. However, many others highly recommend allotting 2-3 months salary for your wedding rings and engagement rings budget.
Before even thinking about what kind of ring you and your partner have settled on, make sure you’re both aware of your financial situations to help narrow down your options to a specific budget! Average spend for wedding rings is usually 3% of the wedding budget, while average engagement ring cost is higher up at 14%. However, many others highly recommend allotting 2-3 months salary for your wedding rings and engagement rings budget.
Overall Wedding Budget
Will you be having a big wedding with hundreds of guests, or one only exclusive to close friends and family? Perhaps you’d like a small wedding with a more expensive ring, or a big wedding with a fairly simple band. Knowing what your overall wedding budget and what you value will give you the opportunity to gauge just how much of that money can be allotted for your rings.
Will you be having a big wedding with hundreds of guests, or one only exclusive to close friends and family? Perhaps you’d like a small wedding with a more expensive ring, or a big wedding with a fairly simple band. Knowing what your overall wedding budget and what you value will give you the opportunity to gauge just how much of that money can be allotted for your rings.
Will you be having a big wedding with hundreds of guests, or one only exclusive to close friends and family? Perhaps you’d like a small wedding with a more expensive ring, or a big wedding with a fairly simple band. Knowing what your overall wedding budget and what you value will give you the opportunity to gauge just how much of that money can be allotted for your rings.
Expectations
With the kind of budget you have, what are your expectations? The popular option of a diamond ring with a white gold or yellow gold wedding band may be a bit over budget for most, but what are your alternatives? Many precious metals have proven themselves more than worthy of your consideration, especially ones that are a little more merciful on the wallet, but if intricately designed matching wedding rings are precisely the rings you’ve dreamed of, then by all means set your expectations there!
With the kind of budget you have, what are your expectations? The popular option of a diamond ring with a white gold or yellow gold wedding band may be a bit over budget for most, but what are your alternatives? Many precious metals have proven themselves more than worthy of your consideration, especially ones that are a little more merciful on the wallet, but if intricately designed matching wedding rings are precisely the rings you’ve dreamed of, then by all means set your expectations there!
Customization
Customization doesn't always mean expensive, and its no surprise to want your wedding rings to symbolize a love that is truly and uniquely yours, so you might want to consider either a ring that you can entirely customize or engravings that could strengthen and constantly remind you and your partner of the love you share. Choosing a wedding ring metal or a wedding band design that fits your stylistic or personality choices may also be a factor to consider when thinking of an affordable option for an entirely customized wedding ring. Prices may vary depending on the metal, gemstone, color, or style you choose, and it would do absolutely no harm whatsoever to go through the prices of various materials to help you get a rough estimate of how much you would be spending!
Customization doesn't always mean expensive, and its no surprise to want your wedding rings to symbolize a love that is truly and uniquely yours, so you might want to consider either a ring that you can entirely customize or engravings that could strengthen and constantly remind you and your partner of the love you share. Choosing a wedding ring metal or a wedding band design that fits your stylistic or personality choices may also be a factor to consider when thinking of an affordable option for an entirely customized wedding ring. Prices may vary depending on the metal, gemstone, color, or style you choose, and it would do absolutely no harm whatsoever to go through the prices of various materials to help you get a rough estimate of how much you would be spending!
Customization doesn't always mean expensive, and its no surprise to want your wedding rings to symbolize a love that is truly and uniquely yours, so you might want to consider either a ring that you can entirely customize or engravings that could strengthen and constantly remind you and your partner of the love you share. Choosing a wedding ring metal or a wedding band design that fits your stylistic or personality choices may also be a factor to consider when thinking of an affordable option for an entirely customized wedding ring. Prices may vary depending on the metal, gemstone, color, or style you choose, and it would do absolutely no harm whatsoever to go through the prices of various materials to help you get a rough estimate of how much you would be spending!
Meaningfulness
How much would you like this ring to mean to you? Considering that its your wedding ring of all things, we’d assume the rings’ symbolism and meaningfulness is something that is worth your thoughts. If your love language involves putting a lot of careful thought into your gifts, you may want to look into doing a tad bit of research to know exactly what your gemstones and metals have symbolized throughout history. Diamonds aren't the only precious stones that can symbolize a strong bond!
How much would you like this ring to mean to you? Considering that its your wedding ring of all things, we’d assume the rings’ symbolism and meaningfulness is something that is worth your thoughts. If your love language involves putting a lot of careful thought into your gifts, you may want to look into doing a tad bit of research to know exactly what your gemstones and metals have symbolized throughout history. Diamonds aren't the only precious stones that can symbolize a strong bond!
At Patrick Adair Designs we value your individuality and personal styles and we create high quality rings that are as beautiful and as unique as you are. Here are some of our bestselling rings you may want to check out for your wedding!
Sunken Artifact Glowstone Ring
Made with a tungsten-carbide base, our Sunken Artifact Glowstone Ring is an affordable band inlaid with copper pieces and crystals of strontium aluminate, making it possible to shine a bright aqua blue when charged by a UV light. Its comfort fit makes wearing a ring easy and hassle-free, and its durability and scratch resistance gives you the perfect opportunity to flex your marital bond in the everyday.
Made with a tungsten-carbide base, our Sunken Artifact Glowstone Ring is an affordable band inlaid with copper pieces and crystals of strontium aluminate, making it possible to shine a bright aqua blue when charged by a UV light. Its comfort fit makes wearing a ring easy and hassle-free, and its durability and scratch resistance gives you the perfect opportunity to flex your marital bond in the everyday.
Mokume Gane Ring
Our Mokume Gane Ring offers allure and uniqueness for an affordable price. Made with the special Japanese metalworking procedure, the Mokume Gane ring is a ring that beautifully mimics the patterns of wood grains while displaying a wide array of colors. Our Mokume Gane ring ensures a bright polish that lasts years, and will surely represent a love that is distinctly yours!
Our Mokume Gane Ring offers allure and uniqueness for an affordable price. Made with the special Japanese metalworking procedure, the Mokume Gane ring is a ring that beautifully mimics the patterns of wood grains while displaying a wide array of colors. Our Mokume Gane ring ensures a bright polish that lasts years, and will surely represent a love that is distinctly yours!
Our Mokume Gane Ring offers allure and uniqueness for an affordable price. Made with the special Japanese metalworking procedure, the Mokume Gane ring is a ring that beautifully mimics the patterns of wood grains while displaying a wide array of colors. Our Mokume Gane ring ensures a bright polish that lasts years, and will surely represent a love that is distinctly yours!
Meteorite Ring with Real Gold Liner
Carefully handcrafted with authentic muonionalusta meteorite that quite literally are out of this world, our Meteorite Ring with Real Gold Liner guarantees distinction and individuality at its finest. It is available in yellow, rose, and white gold. Each ring produced is original and truly one of a kind, as the pattern it displays is nothing but organized chaos on the oldest known meteorite discovered. Meteorite Engagement Rings have several Pros and Cons and you will want to make sure to review those before purchasing one.
Carefully handcrafted with authentic muonionalusta meteorite that quite literally are out of this world, our Meteorite Ring with Real Gold Liner guarantees distinction and individuality at its finest. It is available in yellow, rose, and white gold. Each ring produced is original and truly one of a kind, as the pattern it displays is nothing but organized chaos on the oldest known meteorite discovered. Meteorite Engagement Rings have several Pros and Cons and you will want to make sure to review those before purchasing one.