How much should you spend on an engagement ring?

Poll of the Day

rjsilverthorn posted...
I'm not really sure how well that holds up today. In the past it probably made sense since you would be taking on supporting your wife and would generally end up having kids shortly after, but now most couples are both working and already living together before they get married so it doesn't really make any major change in finances.

I don't think it really ever made sense to drop three months of salary on a ring unless you were still living with parents or something.

I'm reasonably well off but three months of salary would definitely take me over a year to put away. It would be a devastating expense to spend that on something like a ring when it inevitably should be used to pay for the expensive infrequent things in life, like a new furnace, a new roof, or a new vehicle.
-- Defeating the Running Man of Ocarina of Time in a race since 01/17/2009. --