How much should you spend on an engagement ring?

Poll of the Day

rjsilverthorn posted...
This. My wife ended up picking out her ring while we were wandering through a store on vacation. No diamond, not gold, and only a couple hundred bucks but it was the ring she wanted. The whole concept that there is some appropriate amount of money to spend for an engagement ring was conceived by the people trying to sell you engagement rings and my general take is any person shallow enough to *demand* a ring over a certain cost is probably someone you shouldn't be marrying.

Right? If a guy gives me a 30k ring I'm not impressed if it isn't something I wanted. It shouldn't be about the value but the sentimentality for the person receiving the ring.