The amount you should spend on an engagement ring ultimately depends on your personal financial situation and priorities. Traditionally, it was suggested to spend the equivalent of two to three months' salary on an engagement ring. However, this is a silly perpetuated by the jewelry industry to get you to spend as much as possible on their products. You can find much cheaper alternatives by picking a ring that is affordable and a symbol of your commitment regardless of the price.
Consider your overall financial goals and priorities, as well as your partner's expectations and desires for an engagement ring. Ultimately, the value of the ring should be determined by what it means to you and your partner, rather than solely its cost.
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