Calculate how much your engagement ring could COST

13 Feb 2020

Did you or your partner underspend or overspend on your engagement ring? 

Financial comparison website money.co.uk has launched an engagement ring cost calculator, where users can find out exactly how much they can afford to spend when popping the question. 

While the tradition is to spend three times your salary on an engagement ring - a rule conceived by De Beers Jewelers in 1940, this can cause large debts which is not ideal when beginning to plan and budget for a wedding.

A recent study conducted by money.co.uk found that half of people who proposed got into debt when buying an engagement ring. In response to this statistic, the engagement ring cost calculator has been introduced to help people better manage their money. 

Set up by the financial experts behind money.co.uk and Dr David Homes - psychologist at the University of Manchester, the calculator takes into account several factors which will influence what you can afford to pay.

Spending habits and disposable income have been found to be the two most important lifestyle influences in the budgeting process, with other factors including how long you and your partner have been together and whether you believe in love at first sight.

Whether you are still shopping for an engagement ring or are simply interested in what you could afford, give the engagement ring cost calculator a go. 

Related content

supplier finder

Get a quote

Looking for that perfect local supplier?
Let us know what you need and we’ll start looking for you.

supplier finder

Find a supplier

Search over 200,000 Suppliers in the UK.

or

bride

Everything for your wedding

A nature themed vow renewal in Portugal

Roselyn Silva and Blackson Afonso celebrated their anniversary with a vow renewal in Lisb...

21 ballgown wedding dresses from 2021 collections

Feel like the ultimate princess with these big and beautiful ballgowns from 2021 collecti...

Top 10 tips for an eco wedding

As weddings return to 'almost-normal' - here's how to help the environment on your big da...

Läken & Blake launches virtual wedding ring try-on experience

Diamond experts, Läken & Blake, adds extra sparkle to diamond ring buying using ...

Wedding Photo of the Week: Cat Stephens Photography

Each week we’re inviting all wedding photographers to submit their images to be Bri...

Looking for that perfect local supplier?
Let us know what you need and we’ll start looking for you.

the wedding show