May want to rethink that massive rock you just pinned.
By Nicole Weaver — Written on Oct 09, 2014
Oh, engagement rings … there's a lot of thought and money that goes into them. Money especially, since jewelers advise men to save three months of their salary for a ring. Now, there's surprising new research that might get some ladies to rethink their dream of a massive Tiffany's diamond ring they posted on Pinterest—and let men relax a little more about money.
Emory University surveyed 3,000 U.S. adults who have been married at some point and found that people who put down a lot of money on a ring were also the ones more likely to get divorced.
So what's the magic amount to be in the marital safe zone? The answer is between $500 and $2000. Men who splurged between $2,000 and $4,000 were 1.3 times more likely to divorce. When it comes to engagement rings the saying, "more money, more problems" is true.
It's not just the engagement ring cost that can be a red flag. Turns out, you should also try to keep the cost down on your wedding. The same study found that women who spent $20,000 or more on the big day were 3.5 times more likely to see their marriage end. In order to be safe, you should stay within $5,000 and $10,000.
Researchers believe that the correlation between these expensive things and divorce is related to couples failing because of financial stress. And, if you're splurging on the engagement ring and the wedding, chances are you'd overspend on other things, too. Money is certainly a factor in divorce, and starting off by being too liberal with your money can definitely give a marriage a rocky start.
What do you think about this study? Tell us in the comments below.
