<prompt> Human: Hello, Im new to rpersonalfinance, so pardon me if I miss something important.I am going to be graduation college this year and am thinking about becoming engaged to my current girlfriend. My problem is I have no idea how much I should pay for the ring.I make about 800 a month, and my only expenses are paying off my credit card currently has 800 and 400 in rent a month. I currently have little to no savings, as I always have to drain them for school.Any suggestions for helping me figure out a budget to start saving, how much I should save for the ring, and how much I should add into an emergency fund a month?  <response>: Youre graduating soon and have no emergency fund? No money for firstlast months rent on an apartment? That stuff comes first.Have you guys been talking about marriage? If so, talk to her about rings. Maybe she wants a family heirloom, maybe she loves colored stones and thinks the diamond industry is evil this is pretty common. Maybe she thinks planning for a secure financial life now matters more short term and well happily delay a fancy ring for later. Our shes a total princess who doesnt care if you go way in debt for a piece of jewelry. You shouldnt go into debt for a ring. Period. If thats what she expects youve got a financial battle for the rest of your life. 