Wedding Ring Financing
Wedding Ring Financing
Your wedding planning days have begun and the game is finally afoot! You and your partner have been planning your budgets, but you’re not entirely sure how much of your wedding budget should go where. A good chunk of your budget will unsurprisingly be going to your wedding ring and with a purchase so large, you’re looking for other purchase options you can potentially take to settle your payments in other, less expensive, and more convenient ways. There's definitely a lot to consider when making one of the biggest purchases of your life, and one that represents your forever at that. Do you make a full payment or monthly payment in cash, use a credit card, or get a personal loan? We're here to explain what wedding ring financing is and how it works!
How Much Should You Spend on a Wedding Ring?
The general and most popular recommendation for this is to spend at least 2-3 months worth of your salary on your wedding or engagement ring. This rule has been tried and tested, and many bridal stores, wedding planners and experts would highly recommend sticking to this rule. However, every person will be different and will value a wedding ring differently. Take this as a rule of thumb but don't feel pressured to follow it.
Surveys show that the average amount spent on wedding rings in 2021 sits at a whopping $5,900, with a quarter of survey respondents spending around $1000-$3000, so the three month rule definitely comes in quite handy for those aiming for a really impressive wedding band! However, considering the amount of jewelry stores that produce wedding and engagement rings made out of alternative, yet equally beautiful and durable materials, wedding rings need not be as pricey as what they commonly were. The cost of wedding bands with alternative metals have become quite affordable and so more and more people are moving on from the “three month salary” rule, and are quite happy with their purchases!
At the end of the day, how much you spend on your wedding ring will be entirely up to you and your significant other!
The general and most popular recommendation for this is to spend at least 2-3 months worth of your salary on your wedding or engagement ring. This rule has been tried and tested, and many bridal stores, wedding planners and experts would highly recommend sticking to this rule. However, every person will be different and will value a wedding ring differently. Take this as a rule of thumb but don't feel pressured to follow it.
Surveys show that the average amount spent on wedding rings in 2021 sits at a whopping $5,900, with a quarter of survey respondents spending around $1000-$3000, so the three month rule definitely comes in quite handy for those aiming for a really impressive wedding band! However, considering the amount of jewelry stores that produce wedding and engagement rings made out of alternative, yet equally beautiful and durable materials, wedding rings need not be as pricey as what they commonly were. The cost of wedding bands with alternative metals have become quite affordable and so more and more people are moving on from the “three month salary” rule, and are quite happy with their purchases!
At the end of the day, how much you spend on your wedding ring will be entirely up to you and your significant other!
Can You Finance a Wedding Ring?
Of course you can! While it is highly recommended that you pay cash with major purchases such as wedding rings, sometimes this simply isn’t an option whether it be due to budget constraints or if you choose an online retailer to purchase your ring from which mostly handles their payments online. If that’s the case, then financing alternatives for your wedding ring is certainly an option you can take! Financing your wedding ring can come in many different ways: some people tend to make personal loans, while others are paired with trusted payment providers or financial institutions that help make purchasing momentous items like these more convenient to fit your lifestyle! Please note if you do finance your wedding ring with a financial institution, you will likely be subject to a credit approval and will need to make minimum payments with interest dependent on your credit score.
Of course you can! While it is highly recommended that you pay cash with major purchases such as wedding rings, sometimes this simply isn’t an option whether it be due to budget constraints or if you choose an online retailer to purchase your ring from which mostly handles their payments online. If that’s the case, then financing alternatives for your wedding ring is certainly an option you can take! Financing your wedding ring can come in many different ways: some people tend to make personal loans, while others are paired with trusted payment providers or financial institutions that help make purchasing momentous items like these more convenient to fit your lifestyle! Please note if you do finance your wedding ring with a financial institution, you will likely be subject to a credit approval and will need to make minimum payments with interest dependent on your credit score.
Of course you can! While it is highly recommended that you pay cash with major purchases such as wedding rings, sometimes this simply isn’t an option whether it be due to budget constraints or if you choose an online retailer to purchase your ring from which mostly handles their payments online. If that’s the case, then financing alternatives for your wedding ring is certainly an option you can take! Financing your wedding ring can come in many different ways: some people tend to make personal loans, while others are paired with trusted payment providers or financial institutions that help make purchasing momentous items like these more convenient to fit your lifestyle! Please note if you do finance your wedding ring with a financial institution, you will likely be subject to a credit approval and will need to make minimum payments with interest dependent on your credit score.
Wedding Ring Financing Options
Point-of-sale financing has been becoming an increasingly popular option for eligible online jewelers. Payment providers or finance companies are often paired with jewelry stores and offer services that help alleviate your budget worries by allowing you to settle via layaway payments or payments in installments interest free! Here are the wedding ring financing options available at Patrick Adair Designs:
Klarna
Financing your wedding ring through Klarna is one of the easiest and hassle-free way to handle your wedding ring budget needs. We are pleased to offer their a payment plan on all our rings with no minimum purchase through their “Pay Later in 4 Installments”, a 4 Interest-free payments plan! With no interest and no extra finance charges, Klarna truly does alleviate payment worries in the most convenient of ways! All it really takes is to select Klarna financing at checkout, and you’re good to go!
Financing your wedding ring through Klarna is one of the easiest and hassle-free way to handle your wedding ring budget needs. We are pleased to offer their a payment plan on all our rings with no minimum purchase through their “Pay Later in 4 Installments”, a 4 Interest-free payments plan! With no interest and no extra finance charges, Klarna truly does alleviate payment worries in the most convenient of ways! All it really takes is to select Klarna financing at checkout, and you’re good to go!
Shop Pay
You may also choose to finance your wedding ring via Shop Pay, serviced by Affirm! Shop Pay offers flexible installment plans fitting for big purchases that let you pay in equal amounts biweekly. To qualify, all you’d really need to do is to sign up for Shop Pay, include all necessary information to your account, and have yourself approved for eligibility by Affirm! With other simple requirements, your interest-free installment plan with Shop Pay will surely lessen the blow on your bank account!
For more information on how both Klarna and Shop Pay work with products from our store, we highly encourage you to check out our Financing Options, and read the guidelines thoroughly!
Budget Wedding Rings
Pure Carbon Fiber Ring
The ring that started it all, our Pure Carbon Fiber Ring is a budget wedding ring made out of luxury grade carbon fiber that is both durable and scratch resistant, made especially for everyday wear! Simple and cool, the Pure Carbon Fiber Ring would make for a wonderful addition to any jewelry collection, sporting a subtle, linear pattern carefully handmade to perfection, fitting for just about any kind of outfit for any kind of occasion!
The ring that started it all, our Pure Carbon Fiber Ring is a budget wedding ring made out of luxury grade carbon fiber that is both durable and scratch resistant, made especially for everyday wear! Simple and cool, the Pure Carbon Fiber Ring would make for a wonderful addition to any jewelry collection, sporting a subtle, linear pattern carefully handmade to perfection, fitting for just about any kind of outfit for any kind of occasion!
Obsidian Carbon Fiber Ring
Our Obsidian Carbon Fiber Ring is equal parts handsome, durable, and affordable. Made out of aerospace grade carbon fiber, the ring both possesses an extreme durability and scratch resistance made to combat the everyday threats of wear and tear. It’s surface displays a multi-faceted finish inspired by traditional obsidian jewelry, that helps maintain its polish and luster over time.
Our Obsidian Carbon Fiber Ring is equal parts handsome, durable, and affordable. Made out of aerospace grade carbon fiber, the ring both possesses an extreme durability and scratch resistance made to combat the everyday threats of wear and tear. It’s surface displays a multi-faceted finish inspired by traditional obsidian jewelry, that helps maintain its polish and luster over time.
Our Obsidian Carbon Fiber Ring is equal parts handsome, durable, and affordable. Made out of aerospace grade carbon fiber, the ring both possesses an extreme durability and scratch resistance made to combat the everyday threats of wear and tear. It’s surface displays a multi-faceted finish inspired by traditional obsidian jewelry, that helps maintain its polish and luster over time.
Blackout Ring
You can never go wrong with smooth and sleek, and our Blackout Ring is made especially to exude that aesthetic. Featuring a beautiful and durable tungsten-carbide setting, the Blackout Ring also houses striking black glowstone and authentic Muonionalusta meteorite pieces that make for a perfect light to dark contrast. The ring itself is of exquisite durability and is scratch resistant, and provides the wearer with a heft that is both welcome and comfortable.
You can never go wrong with smooth and sleek, and our Blackout Ring is made especially to exude that aesthetic. Featuring a beautiful and durable tungsten-carbide setting, the Blackout Ring also houses striking black glowstone and authentic Muonionalusta meteorite pieces that make for a perfect light to dark contrast. The ring itself is of exquisite durability and is scratch resistant, and provides the wearer with a heft that is both welcome and comfortable.
