Wedding Tips & Advice

How to Afford the Wedding Ring You Want

Photo of bride & groom under wedding veil by Seattle wedding photographer Luma Weddings

Everyone understands that weddings are expensive, but there are other costs to getting married that can be equally pricey. The entire process – from the engagement to the honeymoon –  is an expensive endeavor that can really add up if you aren’t careful. The major expenses all start at step one with your engagement ring and wedding ring. Having an amazing ring at your wedding and on your finger for the rest of your life is important, but so is finding a way to keep costs reasonable. Here are a few tips that you can use to afford the wedding ring you want.

Plan and Save Ahead of Time

The first thing that you can do to afford the wedding ring you want is to plan and save ahead of time. If you know that you want a nice, large wedding ring, then you know well ahead of time that it is going to be expensive. Use that foresight to your advantage and start saving for your ring now. The earlier ahead you plan and start to save, the easier it will be to get the wedding ring of your dreams later down the line. Financial preparedness is always about planning ahead, and wedding ring costs are no exception.

Look into Financing

Another option you have to help you afford the wedding ring that you want is to look into your financing options. Many jewelers will offer you a payment plan or financing options so that you can pay for your wedding ring overtime with monthly payments rather than having to do it all upfront. This works in the same way that a home mortgage or a car loan works. Keep in mind however this plan works better if you have better credit. You’ll probably pay a higher interest rate if you have bad credit. But if you have good credit, financing your ring can help you get the ring you want.

Shop Around

The final tip that will help you to afford the wedding ring you want is to shop around a bit. While you may have your heart set on a particular brand, if you open yourself up to independent jewelers and non-branded rings, you will find you can get a larger, nicer diamond for a much lower price. If you care most about the qualities of the ring itself: the material, the cut, and clarity, etc. then shopping around can score you a great deal.

A wedding ring is no small expense. But with the right tips and tricks, you don’t have to go broke for the perfect ring. Make sure that you are using these three tips, and you can get the wedding ring of your dreams without financial worries.

Check out this article for tips on choosing the perfect wedding venue!