Who Pays for Wedding Rings?

As couples transition into the next chapter of their lives, perhaps one of the most pressing matters is how to divide the wedding expenses and define who is responsible for which of the costs. With a wedding - where traditions and finances are often intertwined - a common question that arises between couples is who pays for the Wedding Rings?

To answer this, we must look at the many complexities of managing finances depending on tradition, different generations, cultures, incomes and financial perspectives. This article provides insights into navigating finances between couples, addressing both wedding traditions, practicalities and other aspects of money and relationships. And ultimately - to find out who pays for the Wedding Rings.

Tradtion and Etiquette (Paying for each other's rings)

Looking back at age-old wedding traditions, it’s customary for the couple to pay for each other’s wedding rings. The romantic idea is that the groom would pay for his bride's wedding ring and the bride to pay for his wedding band.

Many couples today embrace the tradition and choose to purchase each other’s wedding rings.
It’s a gesture that adds a beautiful layer of romance to the commitment they’re making, reflecting a mutual investment in their shared future acting as an expression of unity.

In this scenario it’s essential to assess your financial situation and be respectful of each person's individual finances. Maintaining open communication - especially when finances are involved - is vital in any long-term relationship and is the foundation for any great marriage.

See more: What Hand & Finger Does a Wedding Ring Go On?

Contributing Together (Equally contributing to the cost)

A popular way for couples to pay for their wedding rings is to equally contribute to the cost. This can be split any number of ways and will often look different for everyone. It may look like paying directly from a shared savings account, through joining finances before the wedding day. It could also look like the bride and groom both agreeing to pay towards a final credit card bill at the end of each month.

What we do know is that more and more couples are choosing to split the cost of the wedding rings. The key is for the bride and groom to contribute what they can without feeling overwhelmed or indebted to the other - and for them both to end up with the wedding ring of their dreams!

Combining finances and splitting costs as a couple isn’t always straightforward, so it's important to have clear and open discussions about money when navigating wedding expenses. Having both the bride and groom pay for what they can reasonably afford and being transparent about shared financial goals is crucial for all couples. It may be that they each go 50/50 on the total cost of the wedding rings. Or, if one earns more than the other, they may both contribute a percentage based on their income.

The Highest Earner in the Relationship

Health, career, success and income levels can vary over time between partners. One partner may have accumulated more wealth whilst the other may still be establishing financial stability. The bride or groom may not be earning an income whilst they study, have fallen ill or take on responsibility as a caretaker. The couple may have an arrangement where one within the relationship takes the role of the homemaker and focuses on raising children and is out of the workplace for an extended period of time.

If the bride or groom far out-earns the other, it’s not uncommon that they would take on the expense of the Wedding Rings. Often when there is a large income disparity, the higher earner will take on more financial responsibilities of the relationship, and cover the associated expenses of the wedding.

It’s essential to create a financial plan that reflects both your life stages and income levels to set realistic expectations towards who pays (or doesn’t pay) for the Wedding Rings. Communication is at the core of any relationship - and building mutual respect towards managing finances together will not only strengthen your relationship, it also prevents any future misunderstandings.

See More: Wedding Ring Inspiration - Styles for every Bride 

Gift from Family

In certain cultures, the tradition of families paying for the wedding rings stems from a long standing custom that they cover the entire cost of the wedding. This practice often symbolises a family's commitment to supporting the couple. Historically, a wedding is seen as a family affair with parents taking on financial responsibility as a way to demonstrate their love and support.

Although it’s not as typical today, the bride or the groom's family paying for the wedding rings remains a cherished part of the wedding process for some.

The importance of this arrangement is that both partners should feel comfortable, valued and understood. Actively understanding each other's views on tradition and reinforcing the family bond and involvement in the journey.

Wedding Rings, Finances and Relationships

The cost of Wedding Rings and wedding expenses can be divided in many ways. Before tying the knot, finding a common ground and honouring each other's finances and traditions is key to building a strong partnership. Managing differences in incomes, spending habits and financial responsibilities becomes essential when preparing your Wedding Ring budget.

A shared mindset allows the couple to be involved outlining each other's financial responsibilities and understand each partner’s financial goals. Defining early on roles in the wedding planning process and establishing who and how to pay for the Wedding Rings will make sure you’re in alignment for the future.

Dealing with the intricacies of relationships and finances is never an easy task, yet having open communications will ensure you navigate your marital finances with respect and grace.


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