How Much Should You Spend on a Wedding Ring?

Posted on Oct 14 2013 - 12:26pm by Susan Bewley

This is a sponsored post provided by our sponsor, Shane & Co. to benefit our readers who are getting married in the near future.

Are you and your significant other thinking about making the jump and entering into the bonds of marriage? If you are, there’s probably one thing on your mind if you are guy, the cost of the engagement ring. Often, finances determine a couple’s ability and desire to get married. If you’ve ever wondered how much you should spend on your significant other’s engagement ring, or if you are a woman, how much you should put down on a wedding band for your man, this quick guide from the Shane Co. jewelry store, will help you realize that you don’t have to spend a fortune on the ring you purchase for your partner.

For Men

A beautiful sparkling ring studded with diamonds is what the majority of woman picture when they think of getting engaged. If you can afford giving your future fiancée the ring of her dreams, do it. If you can’t, don’t let it hinder you from popping the question. There is an old rule that states that what a man spends on an engagement ring should be equal to what he makes in two months. This rule emerged in a post-World War II campaign by a jewelry store in order to convince returning soldiers to purchase rings with lasting value. However, times have changed and for most men, this just can’t be done.

What you spend on your fiancée’s engagement ring is up to you. If you can’t afford to fork over several thousand dollars for a ring with a huge diamond, don’t do it if it will mean going into significant debt or incur financial distress. Select a ring that you can afford, that your future spouse will like, and one that will have meaning to both you and your spouse for years to come.


For Women

Since so much hype is made over the engagement ring a women receives when she gets engaged, how much to spend on men’s wedding rings is often lost in the shuffle. Just like the engagement ring that a man gives to his future bride, there is no rule regarding what should be spent on the wedding band for the groom. However, women can typically expect to spend anywhere from $100 to $2,000 purchasing a wedding band for their future husband. The reason for this wide price range is due to the fact that men’s wedding bands are made out of a variety of different materials.

One popular material for men’s wedding bands is titanium. This material is extremely durable and relatively inexpensive. If you want to purchase a titanium ring for your future husband, you can expect to pay less for a ring that is made out this material and more for one that is made out of platinum or white gold and set with an array of precious stones. You may also find that your future husband will get as much satisfaction out of a less expensive ring that is made out of titanium compared with one littered with diamonds out of a high-end metal like white gold or silver.  Keep this in mind when you are out shopping for a wedding band for the man that you are going to marry.


Disclosure: Budget Earth received monetary compensation for this review via Shane & Co. All of the opinions on this article and blog are the opinions of said Shane & co and these opinions may differ from your own.

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Susan Bewley is a professional writer who has been writing content online & in print format for over 10 years. As well, she is an alumni of the University of Louisville with a Masters Degree in Special Education. When not working as an online business consultant or ghost writing, she can be found writing on Budget Earth, on her own novel, or working with various entities in the pet industry.

9 Comments so far. Feel free to join this conversation.

  1. lisa October 14, 2013 at 1:03 pm - Reply

    When we first got engaged money was tight. What we did is trade up. I think it was our 10th ann. with some prompting from me, was trade in my one carat for a ring with a center stone of a little over two.

  2. Maria Iemma October 15, 2013 at 2:11 pm - Reply

    We have 14K gold chain wedding bands that we loved and purchased over 35 years ago. My husband is now gone but I still cherish and wear my band with love and honor. We did not pay a lot of money for them but they were right for us.

  3. Holly October 15, 2013 at 5:38 pm - Reply

    I have talked with my friends who are now married about this. They all wanted rings that were about $1000 or more, one friend has one that is $5000 and is custom made. For me I think it's the thought more then the ring. If all they can afford is $100 – $300 well, then at least I'm getting something they hopefully put some thought into.

    Personally I would be to worried about losing a ring that cost any more then that!

    • Susan Bewley October 15, 2013 at 5:41 pm - Reply

      That is how I feel too Holly. I think my husband my rings both came to under $150 combined. They aren’t cheap rings, but made from tungsten rather than more expensive materials. Its our hope to later on get nicer, more expensive rings, but $1,000 + seems like it should be going in savings, not a ring!

  4. Renee Ashley Hanna October 15, 2013 at 9:48 pm - Reply

    I'm not married yet but this is a great subject for me. We are getting married. We already got his ring and it came from Shane Co. He likes it no matter the price. It's about the love you share and not how much your ring is!!

  5. Deanna Williams October 16, 2013 at 9:00 am - Reply

    Well, I for one don't care about the size of the stone (I do care about if it's silver or gold, etc due to sensitive skin) nor the price of the ring. Knowing my fiance is willing to marry me & the love he has for me, that's all that matters. Money can't be me love/happiness.

  6. Stacey Roberson October 16, 2013 at 10:37 pm - Reply

    My husband's ring looks almost identical to the one pictured above. I, personally, rather not have a high dollar ring on my finger. I would be afraid to wear it out in public or that I would lose it. Something simple, yet classy, is my style.

  7. Beanybopp October 17, 2013 at 1:19 pm - Reply

    I picked out my engagement ring and since I wanted the little bit bigger stone, I paid for the difference. Luckily, we had good credit and were able to pay it off with no interest for a year. Once it was time for wedding rings, we had more credit at the jewelery store and we both spent $500 on our rings. I went with the matching one with my engagement ring and he got the one that would not scratch and all but was able to be cut off (because of his job). Will upgrade to a bigger stone? who knows….we have been married for 7 1/2 years now, so we have plently of time before the big 10 🙂

  8. Jessie Brown September 8, 2014 at 8:03 am - Reply

    I am not married or engage but I think spending too much with a ring is too much. I mean we all lose something even if we took care of it. It’s better to be practical than be sorry. Amoro

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