How much do American men spend on their favorite wedding rings
'08.10.2018'
Source: Grow
They do not spare money on wedding rings. Take Celebrities - Justin Bieber is said to have spent $ 2 million on a ring for model Hailey Baldwin, comedian Pete Davidson bought a ring for Ariana Grande for $ 93, and Joe Jonas is rumored to have paid $ 150 for a Game of Thrones star engagement ring Sophie Turner. And how much do ordinary Americans spend on rings?
Observing old-fashioned etiquette, you could spend on the ring the equivalent of three average salaries for home-based work. But the Knot survey of 2017 for the year shows that last year the average American received a ring worth $ 6,351, writes Grow.
Many women (both engaged and married, as well as those awaiting or expecting an offer) secretly reported that they would be interested to know how the groom plans and chooses the ring. Including, from the point of view of finance - after all, money issues in the family are not in the last place.
Let's look at the choice of a ring from the point of view of a man. What questions does he ask himself?
What is my financial situation?
Given that money is one of the biggest stressors in relationships, it’s best to apply the rule of thumb of the 21st century: do what works best for your financial situation. If a man is constantly struggling with credit card debt or does not have a solid fund for a rainy day, starting a relationship with serious debt, which is formed only for the sake of impressions, is not the best way to enter family life.
It is quite possible that he is not making an offer so far, since he is busy forming the appropriate monetary fund. This is quite a serious approach of an adult person who solves his tasks in advance in order to create a solid foundation for the start of marriage.
Do I have to pay in cash?
Ideally, the man pays for the ring in cash, but this is not always possible. A good option is to open a credit card store with promotional rates, which are often offered by jewelers. But it is worth thinking carefully before agreeing to this venture.
For example, in Zales, you can buy a ring on favorable terms in a limited time using the card, but you have to pay a huge 30% on top. Finding a card with a suitable rate in the bank, where you can have time to pay off the loan before the engagement, is not a bad idea.
Can I go beyond the generally accepted framework?
Another important conclusion from the study of The Knot is that the average cost of a wedding in the United States is more than 35 thousand dollars. Therefore, it is not surprising that more and more couples are moving away from traditional lush festivals and are arranging a romantic escape away from all this fuss and huge expenses.
It is best (and this applies to both men and women) to talk openly and honestly with a partner about the long-term goals of the family, besides engagement and wedding. Remember: this is your experience, which means that you can adapt it in any way that suits you.
This may mean choosing an inexpensive ring - perhaps with the help of not the most valuable, but still beautiful and dear to the heart of the stone (for example, morganite is considered an alternative to a diamond), or wait until a man is financially ready to purchase exactly the same, expensive and a luxurious ring that his lady dreams of. Or maybe it's worth giving up rings altogether and putting money into a fund that will become an investment in your common future.
