How Much Money Should You Spend On A Wedding Ring?

how much money should you spend on a wedding ring

Assuming that the engagement ring has already be purchased and the recipient is happily wearing it, you find yourself now facing the task all over again and asking yourself how much money should you spend on a wedding ring?

You will already have navigated through the process of choosing the right engagement ring and you will be very aware of the level of cost involved and the daunting amount of variety and style that jewellery representing the uniting of couples provides. However, as the happy days draws nearer, you need to work through that tick list and get the wedding bands bought. There may be other questions as well such as who buys the wedding rings? How much does a wedding ring cost? And what style or profile would be best? And all these questions will need to be looked at before you come to the conclusion about how much money should you spend on a wedding ring.

Why We Wear Wedding Rings

But perhaps first it might be worth understanding why we wear wedding bands which might help you decide how much money should you spend on a wedding ring. The wearing of wedding rings is highly symbolic. In fact, the giving and receiving of wedding tokens has been going on since time began. As soon as early man discovered how to craft things from the raw materials he found amongst his habitat, symbolic gifts and tokens were exchanged between betrothed couples. The wedding ring itself, most likely started as a bangle or bracelet. These would have been simple straw, hemp or leather bands that were braided or wound into circle shapes to fit around the wrist of a loved one.

The bracelet eventually morphed into a smaller band that fitted on a finger. It is actually the shape of the bracelet or ring that was most relevant. It was thought that circle with no beginning and no end was represented the union of two people and that the space in the middle of the ring or bracelet created by its continuous curve suggested the united couple journey in the future together. Now, as in years gone by, we have the tradition of exchanging and wearing rings to symbolise the love and commitment to our chosen life partners so choosing the right ring is important as it not only plays a large part in the wedding ceremony but also will be worn everyday thereafter. An important reminder of you vows and duty!

how much money should you spend on a wedding ring

To Decide How Much Money Should You Spend On A Wedding Ring, You Need To Look At The Wedding Budget

So, the excitement of the engagement is over, your life has turned into a whirlwind of wedding planning and the budget is spiralling out of control as caterers, bands and floral arrangements are booked into your bulging spreadsheet. Quite often the wedding rings themselves, although the most symbolic items of the whole day, are almost forgotten until the wedding preparations are on the home stretch. Remember that the wedding ceremony whether religious, spiritual or plain practical really does centre around the giving and receiving of rings and you’ll be wearing your wedding ring every day as a reminder of your love and commitment. Leaving it all to the last minute might result in scraping the bottom of the budget barrel to find adequate funds for your precious purchase. To avoid pending purchasing panic it’s important to know a few facts so you can allocate propriate funds to the wedding budget and be comfortable budgeting around the query, how much money should you spend on a wedding ring so you can be prepared.

Firstly, it might be worth considering how much you spent on the engagement ring. If you pulled out all the stops and spent near to a small fortune choosing the perfect engagement ring for your new fiancé , it may be worth spending slightly less on simpler wedding rings for you both. It also depends on how much you can afford – so make sure you buy within your budget.

Unlike the engagement ring however, the styling and buying of these rings are something that you can do together. And therefore, the two of you can work out a budget based on the overall cost of the wedding you are organising and how much to attribute to the cost of your rings so it can be based on your budget and how much the overall wedding is costing itself.

how much money should you spend on a wedding ring

There is no right or wrong answer to who buys the wedding rings as it is dependent on so many variants such as budget, faith, culture. It may be down to how much budget the couple soon to be married have or parents might step in and pay for the rings. It might seem sensible for both parties to split the cost of the rings, or if you feel that as you will be wearing the wedding ring for evermore that it needs to be a gift from one to the other.

Who Decides How Much Money Should You Spend On A Wedding Ring?

Traditionally, the groom buys both the engagement ring and the wedding ring for the bride and she, in turn, would buy a wedding band for her husband-to-be. With the secrecy of the engagement ring buying and giving out of the way the buying of wedding rings is something that you can enjoy doing together. An after a bit or research and a few discussions around styling you can produce a budget that sits comfortably not only with you wedding budget but also with your expectations of what your wedding rings will look and feel like. Marriage is about union after all, so it makes sense that you find the answer to how much money should you spend on a wedding ring, together.

How Much Do Wedding Rings Cost?

This is a bit like the old proverbial “How long is a piece of string?” question.  It really  depends on what you are buying. Wedding rings can come in an array of different metals ranging from silver at the cheaper end right up to Platinum the King of  precious metals. Of course, nowadays, simple metals band of betrothal can be studded with diamond or other gems stones which will increase the price of the ring further.  So, before you come to decide on how much money should you spend on a wedding ring it might be best to do a bit of research into the different types of metals that wedding rings are available and the cost of them.

HIZ Wedding Rings

Here at HIZ we not only have the precious metal that you are mostly familiar with but also work extensively with Zirconium. This versatile metal sits perfectly with the more traditional metals and gives the HIZ wedding ring a totally unique and modern look.

how much money should you spend on a wedding ring

We have all black rings such as Zacharias, a sleek black Zirconium ring available in polished or Matt finish with a silver inner for under £200.00 or at the opposite end Bruce, a chunky Platinum and Back zirconium ring with a number of intricate design details and a black inner. We also have the more traditional looks with a plain band available in three weights, two profiles, three widths. These simple yet stunning rings come in Gold, Rose Gold and Platinum all with a handsome black polished interior ranging from £170- £350, so I think you’ll agree we’ve covered all the bases.

HIZ Top Tips

We hope we have given you some food for thought so you can come to your own conclusion regarding the question “How much money should you spend on a wedding ring”? There isn’t actually a set amount when it comes to the cost of a wedding ring, so it really is up to you and your taste, budget and what emotional emphasis you put on the giving and wearing of a wedding band. However, here’s a few tip tips to help you find the perfect ring or rings.

1.Set a budget and make sure it sits well within the overall wedding budget

2. Don’t leave it to the last minute and panic buy.

3.Do some research and see what is available or what you like – this will help you set a budget.

4.Make the buying of rings something you and your partner do together as they pay such a symbolic part in your ceremony.

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