How much to spend on engagement ring

The general guideline is to spend about two to three months’ salary on the engagement ring.

Determining how much to spend on an engagement ring can depend on various factors. While the two to three months’ salary rule is a common benchmark, it’s essential to consider your financial situation and personal priorities. If you’re starting your career and earning a modest salary, overspending just to adhere to this guideline might lead to financial strain. Instead, evaluate what feels comfortable for you, keeping in mind that a ring’s value is not solely measured by its price tag.

Additionally, consider factors such as the couple’s style, lifestyle, and relationship dynamics–some might prefer a smaller, more meaningful ring over an extravagant piece. Opting for a lab-grown diamond or alternative gemstones can also allow for a more budget-friendly yet beautiful choice. Ultimately, the right amount is what resonates with both you and your partner, reflecting your love and commitment without compromising your financial well-being.