Engagement Ring & Wedding Expenses on the Rise: The Knot Survey

Couples now reported spending an average of $5,855 on an engagement ring, a 5% increase from 2013. Over 16,000 newlywed couples weighed in on a wedding survey by The Knot, a multi-media content site catered to wedding planning and newlywed life.

Overall wedding budgets are also on the rise: the average total comes in at $31,213, increasing from $29,858 in 2013. The lion’s share of the budget is (more…)

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