Are you married? Did you skip out on the engagement ring? Many younger couples, and even some couples on their second or third marriages are doing just that.
Rebecca Vipond-Brink had a $6,000 ring on her hand for her first marriage. She says that they were struggling financially at one point during their engagement and marriage, and she thought it was silly to be walking around with $6k on her hand but having trouble paying bills. Her second marriage, she opted for a bare-finger, saying the money can be better spent on the wedding, honeymoon, or other necessary things.
Rebecca says her financial priorities changed for her second marriage, adding that the ring, while a seemingly traditional and necessary splurge, when you think of it costing 6% of her student load debt or 15% of her yearly salary, it sort of put things into perspective for her. Everything-wedding-and-marriage blog The Knot found that the average cost for engagement rings in 2016 was $6,163. The findings also suggest that the new “commitment marker” these days is just living together. One third more couples live together, compared to about 9 years ago.
Another couple opted to get matching tattoos on their ring fingers after a spontaneous camping-trip proposal. Three lines on hers, two lines on his.