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Relationship Discussion (non-explicit)
Reply to "How Much To Spend on Engagement Ring?"
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[quote=Anonymous]The two months salary is just an advertising campaign by the diamond industry, so I would disregard that right away. I would make sure you can pay for it without going into debt (are you comfortable putting it on a credit card and paying off the bill at the end of the month) or without setting back your other financial goals (are you already paying off your cc bill monthly and saving for retirement/downpayment/e-fund etc). Also, I would discuss with your intended, both as to size (some women don't want to wear a giant ring daily) and financial priorities (you need to be on the same page generally for the future and whether to spend 5k or 20k for for a ring definitely deserves some discussion).[/quote]
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