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Category: Rules of Thumb

How Much Should You Spend on Her Engagement Ring?

How Much Should You Spend on Her Engagement Ring?

Have you ever heard that an engagement ring is supposed to cost 2-3 months salary? That number seems crazy to me, and I’d like to give you a better rule of thumb. Congrats on your impending engagement by the way! Now if you are the analytical type, you may ask if this 2-3 month’s salary is gross or net income and I would answer: does it even matter?! Either way, we are talking about a $12,800 ring for a dude making 100k (that…

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