Here’s The Right Amount to Spend on an Engagement Ring
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iStock/Thinkstock(ATLANTA) — Guys who don’t go overboard when it comes to spending money on an engagement ring may be doing their future wives a favor.
Economic professors at Emory University say that by keeping their budget for a ring between $500 and $2,000, men and women improve their chances for a stronger marriage.
Without getting too much into the reasons why, men who pay between $2,000 and $4,000 for an engagement ring increased their chances of a broken marriage by 1.3 times.
However, going super cheap is not helpful either. The risk of divorce also rose when the ring cost under $500.
As for the price of the wedding itself, couples spending more than $20,000 were 3.5 times more likely to head for divorce court than people who came in at between $5,000 and $10,000.
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