How Much Should I Spend On An Engagement Ring?

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What is the traditional amount to spend on an engagement ring? I love my girlfriend so much and I’d like to propose. I am very traditional and want to do everything right. She says she’d be happy with a gold band, but I want to give her more than that. How much should I spend on a ring?

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Kimberly Alt (Admin)
First of all, congratulations! We are so excited for you and please let us know if we can help you learn more about anything ring related!

Traditionally it was 1-3 months salary. So if you make $2,000/month you would spend $2,000-$6,000 on an engagement ring. Many couples have thrown this rule out; however, it’s up to each individual on how much they’d like to spend. 🙂