<prompt> Human: How much should I save for an engagement ring? I make about 42k a year. Live with my girlfriend who works part time atm, so I pay for the majority of expenses. In the last year I was able to put about 2k in my savings account. Edit: wow. Ive been busy at work and did not expect this many responses. It looks like there is a lot of sound advice here. Thank you everyone!  <response>: I got a beautiful ring on etsy for far less than comparable weights at a brick-and-mortar jewelry store. Given the saving power you have right now, I would recommend no more than 700 on your ring. Pay cash, dont let them trick you into financing it. 