The older I get and the more I learn about the world and other humans…the more convinced that there must be something wrong with me.
Like I still think paying back debt, saving money, and taking advantage of the logic between money and time should be done by everyone. Did you know that the US national savings rate is only 2 to 5% of income?
It’s apparently $32,000 for an average wedding!
When Mr. Hippo (my husband) and I decided to get married, we decided on Jack in the Box burgers for dinner. It was something fast we can pick up on the way home.
Courthouse stuff, get in-get out, go home so we can feed the dog. I like dressing up and looking pretty…but everything else kills the entire experience for me. My dream wedding was pretty much to sit around in a poofy sparkly dress, eat churros, and watch Netflix. So besides the poofy dress, I did get my dream wedding.
Very little people authentically give a fart who you marry unless they’re getting grandchildren out of it.
At that time, my husband and I were worth maybe $650,000 and this was BEFORE we realized that was an odd amount for two 20-something-year-olds. We didn’t know anything about personal finance at the time. Our Jack in the Box wedding wasn’t related to issues of money. Obviously how much you spend on a wedding has nothing to do with the marriage success rate. Technically, it’s one of the more narcissistic events in the human tradition. Who the hell cares about who you’re sleeping with at the end of the day beside you.
Table of Contents
New Kids On The Block
Ayeeee brothers and sisters! We millennials are the new kids on the block, like it or not, and businesses need to start adapting to us!
I remember reading how The De Beers Company is having a hard time selling their age-old marketing strategy to millennials. Goddamn about time. They’re a not-so-moral company with a history of misbehavior. But they’ve been dominating the industry since…before Elizabeth Taylor stepped onto the silver screen.
They created the diamond crave off an extremely effective market campaign that self-propagated for decades. Diamond = girl’s best friend = love = forever = your worth as a human being. It almost rivaled the reaches of the Beanie Baby craze.
(Beanie baby still wins out though, they were literally just plain stuff animals after all.)
But big, BIG kudos to DeBeers marketing department! But the magic is starting to rub off…
1) It could be the student debt load crossing over $1.3 trillion US or
2) It could be because we’re smarter and soberer about how little a ring has to do with fixing up a 50% divorce rate or
3) The fact that people are more aware of where a lot of diamonds actually comes from now and is grossed out or
4) Maybe looking down and seeing something sparkly just isn’t that exciting thanks to the ultra-violent video games we grew up with or
5) Lastly, participation trophies are the only bling we’ll ever need or
6) Maybe it’s something as simple as not liking the feeling of a ring or you (like us) simply don’t give a crap about this tiny, overpriced merchandise telling the world of your business.
OK, deviant opinions aside…I have nothing against fine jewelry in it of itself. I do like sparkly things…because it’s so shiny!!!
It’s the industrial, social, and sales pressure this millennial can’t stand.
Well, actually, I shouldn’t say sales pressure as a millennial. My international Airbnb guest wanted to check out American mall stores so I took her to Macy’s and Tiffany’s. We were followed by the store assistants. They thought we were there to steal something and was very suspicious of every piece we wanted to see out of the case. I guess I shouldn’t have worn normal civilian clothes or looked my age if I wanted them to legally try to rob me at the mall’s jewelry counter.
It doesn’t matter if you can afford it. It’s a waste of money if it’s not something you really, really want. Make it means something to you. Celebrating love and togetherness as a couple can be done in a lot of unique ways.
Their marketing department is making sure the only point that comes across is the message to buy a new piece of shiny from them. You may not have had a chance to think about it all yet, but now you’re interested and that’s why you’re here.
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1. Lab-Grown Diamonds
This is NOT cubic zirconia which is biochemically a slightly different product.
This new lab-grown diamond IS actually a diamond right down to the atoms.
Lab-made diamonds is the industry name for the process of growing a diamond artificially above ground using the science of technology. These synthetic diamonds are the same composition as “real” diamonds below ground except they were grown in a highly-controlled laboratory setting that was designed to simulate the Earth. The results yield real diamonds on the same biochemical makeup but for a better price. The difference is undetectable under a microscope.
That makes diamonds much less special, huh? Did you know that diamonds aren’t even rare? The industry artificially inflates the price to create competition. According to my army veteran friend, Moose, you can find tiny rocks of diamond in the poorest sections of Africa next to bodies of lakes. It’s nothing special there.
You can expect the price of diamonds to drop off soon.
2. Another Gemstone
I took a quiz and it said I needed more this gemstone above^. It looks like something that fell out of my soul.
Now this is the perplexing thing, there are so many stunning gemstones out there that are equally if not more so stunning than a diamond at a fraction of the cost too. These gemstones come with their own history and meaning which adds a level of personalization one does not get with a traditional diamond. You can do birthstones (in the month of the receiving partner) or a stone that pairs well with their chemistry and tone.
As a quick note guide, here’s a list of the most common gems and their symbolism. (There are a lot more minerals and crystals listed here.)
3. Qalo Rings
Qalo is a brand of silicone rings made for athletes with active lifestyles or people with a very hands-on job. I love Qalo because it’s also a cool way to say F.U. to the classic ring industry. The rings are super cool and design-wise, universally appealing.
Qalo’s silicon rings are really affordable coming in at around $25-$35. You can even design a custom one with unique color, print, and words.
Get $5 off your next purchase and free shipping on all orders over $35!
4. Tattoo Rings
Everybody jokes about this one.
“Ohhh, it’s going to be a b**** to remove if you guys broke up.”
Now that is definitely true. It’s not as easy as slipping off a gold loop. But getting a small tattoo done cost less than a wedding ring, compared to an actual ring from the mall and there is a 50/50 shot that there would be NO divorce and everyone lives happily ever after, right?
I’ve thought about getting a ring tattoo before. There are a lot of amazing tattoo artists in Seattle even for a simple design. However, you have to worry about professionalism at the workplace; for my husband especially. I once took a sharpie to both our ring fingers and that worked pretty well too, for a day. Think this one thoroughly!
5. Find an Heirloom
If you’re lucky enough to inherit your grandmother’s ring or have a great aunt somewhere to ask…oh boy am I jealous of you! It’s coming with the family history and I’m guessing probably at a discount if it’s a nice gammy. The biggest downside is probably the resizing, resetting, recut, repair, or an entire redesign that needs to transpire when a ring exchanges hands. Despite all that mess, a piece of history is still my first choice because if you think about it, an ornamental object…at this caliber in price, is highway rip off but it could be meaningful highway rip off. We are nothing without our history.
6. Something Meaningful
A meaningful piece of jewelry requires some planning and communication. Think this through carefully and it will be a huge pay off in the long run with that emotional factor.
Is anyone a Miyazaki fan? One of my favorite Studio Ghibli films is Howl’s Moving Castle.
You know the scene where Howl turns into a giant bird (a swallow?) has a lot of meaning to me. When I was a little girl in China, we had a swallow’s nest right above our red door. The swallow would fly in every year and lay her eggs and raise her babies. She was a fantastic mommy bird and kept her noisy babies well fed.
I grew up as a little girl every day watching that while I played in the backyard. It was a celebration every time this bird came back to our house because it’s considered good luck. It means someone’s protecting the family because swallows are considered to be incredibly brave birds. So in the movie climax, Howl turned into a swallow (symbolizes bravery) to rescue Sophie even though he’s a self-proclaimed coward.
I really like that touch because it connected two beautiful memories I had in my life. You know….what it means to have a family to protect.
Anyway, on Studio Ghibli’s anniversary, they released Howl and Sophie rings (link to eBay) and I thought that was sooooooo cute. But yeah. It’s one of those things that I have a soft spot for and because of that, these two relatively inexpensive anime rings mean a lot more to me than….something from Tiffany’s.
7. Engraved Wallet Cards
I thought this one was adorable. It’s simply a credit card size piece of metal sheet and you can get anything custom engraved on it. It’s a growing and popular product on Etsy. Since everybody still carries a wallet and credit cards around with their phone everywhere. It comes in pretty handy when you’re having an offbeat day to take it out and read it knowing the person you’re going home to loves you no matter what. There are some with a heart shape portion punched out and the punched out piece gets made into a necklace for the gifter. THAT’S SO FREAKIN’ CUTEEEEE.
….I think…I think I just talked myself into a birthday present for my husband this year LOL! That’s not a bad idea! Shhhhhh.
8. Matching Pillow Cases
My college dormmate did actually have one of these Boldloft matching pillowcases. The other half was with her boyfriend who attended another university across the world. As sappy as those two lovebirds were, I was pretty jealous of that pillow. It is such an adorable design and it’s obvious in a way that it’s HALF of a complete design so even if you’re not with that person, anyone else seeing it would know you have someone special in your life.
This was their cheesy design pillowcase. I had to stare at the girl blushing pillow for an entire year. Did I mention I was jealous of them both? Yup, that means it’s an effective and sweet gift.
9. Wedding Ring Necklaces
From a comfort standpoint, a small necklace tends to be less obtrusive than a ring that could snag or chafe. It’s a lot harder to lose too because taking off and putting on a necklace takes half a decade with those tiny hook links. You can get a chain to hook on your favorite rings if you hate wearing traditional rings (like I do.)
10. Fruit Trees
I read about people growing succulents for their partner as gifts but planting a tree together sounds more romantic in the long run 🙂 For my 25th birthday, he bought me a spider plant because I complained about our indoor air quality. He did a little research and learned that spider plants can help purify the air indoors without being harmful to dogs. It was a very sweet gesture and I still love my spider plants 2 years later. It’s a lot better than any ring because he listened and responded to my needs.
If my husband knew me (and he should) he would know to go out and buy a baby avocado tree and a baby lime tree…because those are the two things I complain about buying at the store. They’re a wee bit expensive for the little things that they are…ah, you can’t make good food without fresh lime or real avocados!
11. Recycled Vintage Rings
Disclaimer: I’m a U.S. history freak. If you have anything *aesthetically* belonging from 1920 to early 1950s, I’ll likely love it. Skip the 60s and 70s. But I’m back in the game when we hit glam rock in the 1980s.
(Watch 100 Years of Engagement Rings on YouTube! My favorite is the 1920s, 40s, and 50s.)
Anyway, I believe it was Luxe who told me about Erstwhile. They’re a company based in New York and they specialize in reclaimed vintage rings and diamonds. What attracted me to that website was simply the smell of history behind some of these recycled diamond rings. It’s not a piece of diamond mined yesterday. Recycled and restore, the best part is for the history freaks because some are old enough to have history.
“Choosing to go vintage, you are eliminating the need for more mining and lessening the demand for new diamonds.” – Erstwhile
For $2,000 upwards $25,000 you could own an old diamond designed in art deco style circa 1920. You can’t find that level of detail and craftsmanship at some Kay’s at your local mall.
But buying recycled diamonds is a more conscious choice for the discerning if you wanted to be discerning over diamonds 🙂
12. Handmake Something
I love this option because there’s so much fun to be had for both parties. Maybe it’s your own bounded book or a painting or just a pretty rock. Our dog gives us rocks, acorns, and sticks she likes; we have a box of her gifts. I appreciate her efforts 🙂
Whatever it is, just make sure you get plenty of practice in because if that handmade item looks like a dump, your beloved would be stuck wearing it for the rest of their life. Unless it’s that cute dump look, then they’ll love it because it’s from you.
13. Onion Rings
Lol, wait, hear me out!
I don’t know if people remember this obscure scene from The Simpsons but I do. It’s a flashback episode where Homer and Marge are 2 broke newlyweds and Homer was having trouble finding a well-paying job to support his newly growing family. When they couldn’t pay their bills, the repo men came and repossessed Marge’s wedding ring.
*Cue tears*
Homer feels so ashamed he ran away and promise to not come back until he was a man with a good paying job. Later, Marge found him working as a trainee in a Krusty Burger as a fry cook. She told him it doesn’t matter what ring he gets as long as it’s from him.
*More tears*
And then Homer took an onion ring and put it on Marge’s finger.
LOL!!!! Trollololol.
The early Simpson writers were geniuses. I was a teenager then but I was still balling my eyes out and laughing my head off.
…and thissssssss could be why I subconsciously went to Jack in the Box for our wedding. O_O!!!
14. Feel Free To Do Nothing
Gold is a bad investment. Jewelry, like cars, doesn’t retain their original sales value *unless* you can afford to buy it from Cartier or Tiffany with all proof of purchase and packaging intact (as long as it comes in that pale blue box right…) But even then it could be 20% less of what you got it for after middleman seller fees. Plussss, there’s African cartel blood over most mined diamonds…
Yay greed!
If there was ever a symbol of mankind’s greed and obsession with proving themselves better than someone else, it’s jewelry.
Jewelry financed for a hard market markup to loop it around the person you love. This pricey piece of merchandise that you cannot eat, hide under nor use to nurse your children to sleep at night.
Pure genius!
It’s very avant-garde if you think about it. And this loony alien woman ranting on the Internet wondering who would consider a piece of earthy metal and element as anything over another man’s life, worth, or his purpose.
So I’m just saying, if you want to do nothing, do nothing.
I thought my in-laws were going to rip into me like a monkey on a cupcake when I told them we decided not to do anything. They were disappointed for 5 minutes and moved on. Because they secretly know it themselves: it’s all a big inconvenience.
Do nothing, don’t even read lists like this, you don’t need to prove to anyone how much you love any person except making sure to treat them in kind for the rest of your life.
~
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Accidental FIRE says
Replace onion rings with Funyuns, that’s more American. They have enough preservatives to survive a nuclear war
Lily says
Lol have you had the wasabi Funyuns? They’re disgusting! The only snack food I couldn’t finish in my entire life. It tasted like car tires xD
Olivia says
I used to want a super nice ring because every time someone got married at work there was a huge debate about it. Keeping up with the Joneses and all. Now, I’m not so sure. I mean a nice fake one looks the same, who cares? In 4 decades that ring is going to be worth like 10x the cash I dropped. Might be worth it just to invest it.
Lily says
Oh I forgot to mention the man-made diamonds. Yeah they’re (chemistry wise and everything) is exactly the same. It’s hard to distinguish. I think you’re right. I rather have 10x the cash.
Half Life Theory says
I’m so bummed i didn’t propose with onion rings, or matching pillowcases LOL! Awesome, my wife and I also got married in a courthouse as well…. Maybe we immigrants aren’t as big on the traditional wedding as Americans are. Either way, i have a defense, we were broke AF! lol….
What’s your excuse Lily? You guys were almost millionaires lol. Nice post!
Lily says
I thought everyone had $500k or more in their bank account by the time they’re 30. I thought we were normal!!! :p
Xrayvsn says
I definitely love the way millennials think. Your generation is disrupting the old traditional industries for sure.
Well I sort of fell into the old school trap as I just purchased a pretty extravagant engagement ring not too long ago. When we went shopping for it together her eyes lit up when she tried it on so I guess it was worth it to me because she makes my eyes light up each time.
This will eventually be our 2nd marriage for both so don’t think we are going to have a major event but more intimate setting.
My first wedding was a very pricey one (in laws actually paid for it) thinking it was in the 45k range. Indian weddings tend to be way more over the top than most with large amount of people that you have no clue about invited (400-700 people is norm). The fact that I couldn’t even understand a single thing on the ceremonial verses performed also made it not a special memory for me
Love the alternatives for sure. All that matters is the two people love each other and are compatible. The ornamental stuff is just window dressing
Lily says
Indian weddings are super impressive! They are over the top but I remember my college roommate’s sister had a very big Indian wedding and showed me the photos. It was MAGNIFICENT! Full ornament mode on! Both the families are really rich in India so that makes sense too, they were both still in dental school when they wedded. Is it the groom’s or the bride’s family that pays? I think the American tradition is bride side.
Mr Defined Sight says
I really dig the Qalo rings. If I had to mess around at airports more often, I would definitely get one for knocking around. Lots of neat ideas here Lily, you are so creative! 🙂
Lily says
They look more manly than for girls, i should get my husband one. Just to ward off other females……..yup I”m creative!! Lol.
Joe @ Retire by 40 says
We had a courthouse wedding too. It felt like a shotgun wedding because I wanted Mrs. RB40 to stay. She went off to Peace Corp. for almost 3 years before coming back to the US. I asked her to come live with me and she did. We got married very soon after she moved in. If we didn’t, who knows what would happen.
We thought about having a big wedding, but neither one of us want to plan it. Everyone thought it’s not going to work out, but we proved them wrong. HA! We’ve been married for 19 years now.
Oh, I got her a cheap ring before she went to Peace Corp. I think it cost $300 or something like that. It worked as a wedding ring too. She isn’t into jewelry so this wasn’t a big deal for her. Thank goodness. We don’t wear any ring now. I never liked the feel of it. Who cares what other people think. 🙂
Lily says
“.Everyone thought it’s not going to work out, but we proved them wrong.”
So rude!! Good for you Joe AND Mrs RB40!!! You caught a great dame 🙂
Janet says
I never wanted a diamond ring because I’m always afraid of getting robbed, or that I would misplace it. But I do want a fancy ring (without diamonds). Just a nice gold band.
Lily says
Less snaggy than a diamond poking out!
Angela @ Tread Lightly Retire Early says
Honestly the only reason why I got a (very small) diamond engagement ring is that we got engaged/married at 21, and most people pegged my age for my teens, and I wanted something that obviously looked like a wedding ring so I looked MARRIED. We spent a bit more than you on the wedding, but not much, and that was really for our families and not us. We just wanted to be married 🙂
Lily says
Aww that’s very sweet. I didn’t know you guys tied the knot so young!! Tooooo cute <3
Amy says
When I proposed to my husband I didn’t have a ring. We bought some basic wedding bands for $400. After we’d been married for seven years I’d lost mine. It fell off my finger somewhere and I didn’t notice it. We aren’t fans of jewelry and we decided not to replace it. We sold my husband’s back and used the money to go out to eat with our three children. We had an inexpensive wedding at the local congregation of my Mom’s church because it was important to her and took the 40ish people in attendance to our favorite Chinese restaurant in town, including four random guys who showed up that neither of us knew who they were lol. All together we spent about $1,000. It wasn’t my dream wedding, that was a drive-through wedding chapel in Las Vegas with two Elvis impersonators as witnesses.
Lily says
“We sold my husband’s back and used the money to go out to eat with our three children.”
LOL Amy that’s adorable! That’s exactly what I would have done. Two Elvis impersonators are pretty hard to beat 😉
Dr. McFrugal says
I feel ashamed. I bought my wife an expensive engagement ring (but definitely not 3 month’s salary, that would be A LOT). And we didn’t do a courthouse wedding. Our wedding was almost twice the average cost of the typical wedding.
I know… not very frugal. But it’s all relative right. At least we did one of the alternatives… the matching pillows!!!
Lily says
Your case is special, you should have started the story with “we made more money back in gifts than we spent on the wedding” haha!! Not bad.
Financial Orchid says
Last week a guy at the grocery store with his daughter was crawling all over the floor and everyone was staring. Turns out he lost his wedding ring. Fortunately he found it! Yay
Lily says
LOLOLOL oh my god. This is the best story hahaha!
Will says
Ahhh diamonds, abundant with as much value as the dirt it’s made from; much like cigarettes marketed as sticks of liberty to early era feminists, it can be considered as one of the greatest pieces of marketing in recorded history. (More things to ruin for you ?)
I’d always thought it would be fun to use one of those giant ass candy lollipop rings you get from the sweet shop. ?
I’m with you on Studio Ghibli! I think my favourite would be Grave of the Fireflies, but HMC is a recurring one. Also, quite surprised the rings wouldn’t fit you, the majority of the time they’re tailor made for the Asian audience.
Lily says
Do you mean the ring pops?! Damn it I wish I thought of that! Their new version has a LED light in them so they actually “bling” now. Great way to propose – cause if the girl gets the joke – that’s a good sign x)
I thought the same thing when I saw the sizing! Maybe it’s Japanese sizing or something – but if it is, then it might not fit my Pillsbury dough boy.
Ms. Frugal Asian Finance says
The one thing that bugs me the most about our marriage is the engagement ring that cost us (or Mr. FAF to be exact) about $2,400. It pains me to just look at it now. My $2.4k just sits on my finger depreciating like crazy and earning no interest rate.
Ahhh. I want to sell it so badly. I even went to the jewelry stores at the mall to ask if they’d buy the engagement ring, but they all said they wouldn’t. They suggested a pawn shop or an online store. I know for sure I won’t get even close to the same amount we spent on the ring back.
What were we thinking?! It bothers me almost every day. Maybe I shouldn’t stress about it too much. If I could go back in time, I’d tell Mr. FAF and my self back then not to bother with a diamond ring. It’s a WASTE OF MONEY!
Lily says
Was it from Costco? I think you wrote a post about it a long time ago. What ring is he wearing? Mr. FAF just wanted to impress ya, bless his heart 🙂 🙂 I think a lot of guys are afraid of getting in trouble so they fall into pressure quicker.
Dan says
I don’t really know how this stuff works in the US but in my country, the bigger the wedding, the more money you get out of it. Some people buy houses or apartments from their wedding profits. But then you have to go to everyone who came to you and give them their money back 🙂 It’s some sort of long term loan taken from most of your family members. I hate weddings, so I am pretty undecided if I even want one.
Lily says
Haha, oh yeah, I knew skipping wedding would mean I had to give up on some money and…a couple of toasters haha. Weddings are largely just formalities with mandatory gifts, I think we made the right choice for us not to have one. If you hate them, don’t feel pressured!
Mike Collins - Budget kitty says
As I’m reading this post, the only thing on my mind is onion rings! I’m thinking, no way Lily will say onion rings, I’ll drop that clever response in the comment section. And then BAM, you rolled out the onion rings! Great minds think alike.
Lily says
LOL hahahaha loveeee classic SImpsons <3
freddy smidlap says
mrs. me has an heirloom ring my never-married great aunt bought for herself because she liked it, apparently. we were just looking at it this past weekend and talking about maybe selling it. it’s a pretty big rock and we don’t have any offspring so…. i’ll let you know where all that goes. i have a wedding ring i haven’t worn in ages, like 10 years. my best friend just lost his in the ocean a couple of weeks ago.
Lily says
Ooh a vintage ring with a big rock, that would be of interest to some collectors. Your friend lost his ring in the ocean??!? Wasn’t that a Britney Spears song?!
GYM says
I wasn’t very frugal in this department either and got some traditional rings. But they were bought online so probably saved 30%! I love it and like the shimmer when I’m in an elevator and there are pot lights.
I must be a crow in my past life haha.
Love these ideas though!
Lily says
LOL! No not at all, I like shiny too!!! I mentioned that in the post, I loooveeee shiny. But I will get a lab ring for shiny because it’s cheaper for the same thing if I was getting a ring.
Sarah | Smile & Conquer says
I’m all for this!
When I was younger I always thought I’d want a big fat diamond on my finger to announce my engagement but the longer I go without getting married the less I want that. I would still like a ring but I’d prefer something smaller and much more affordable. I’ve looked at some alternative rings on Etsy that are so unique and fit my style way more than a big diamond. It’s funny, there’s this one ring (it’s a moonstone) that keeps popping up on my instagram feed and I love it! I clicked on it thinking it would actually be a perfect engagement ring and it was $40. I had to laugh, I’m good with a bargain but that probably won’t last a month!
Lily says
I think I know the one you’re talking about! Ugh fast fashion rings have nice designs but I wish they came with quality. Such a waste of design.
Drew says
I have a Qalo ring (because I lost my actual wedding ring – ouch!) and it is really comfortable. I wish I’d read this before we got engaged. I would have gone the recycled diamond/vintage route. I hated buying the ring. it felt so forced. She talked about it for a couple months and never mentions it anymore. Shocker.
Gabrielle says
Well, actually, how much you spend on your wedding does correlate to how successful (read: not divorced) your marriage will be… except it’s inverse correlation. Being cheap on your wedding is correlated to longer lasting marriages. Same with rings.
Lily says
Woah really?! Ironic!
Soi Nguyen says
I am a man, and although I am not Irish, (Mostly English) I wear one. I purchased it for a film role, and decided I liked it. I currently wear it on my right hand, heart out. I am single.
Ian says
hey! awesome to see you think much like me! my wife and i recently got married and are having the same thoughts. i saw you mention financial freedom in your intro and that is exactly our goal as well 🙂 cheers to escaping the rat race and living life how it is meant to be, and helping everyone to do the same along the way!!!
Scott Gilbertson says
My wife is frugal as well. She didn’t want an engagement ring. We talked about it and decided to prioritize things that are more important. As long as couples love each other, I think that’s what matters most.