<prompt> Human: Im about to take the next step in my life and propose to my girlfriend. However, I owe roughly 7000.00 on my car at 3.5. I probably plan on spending that on the ring itself. Would you recommend I pay off the loan or keep it and pay cash for the ring. Im leaning towards the second option just because of the interest rate. I have enough emergency savings to take out bot however I like keeping 6 months of expenses. Sigh of relief I suppose. Edit to include more information.I apologize for format. on my cellphoneI honestly dont stick to a strict budget but always save money month over month. Salary 60kNet around 3k15 percent to 401k3 percent to ESPP100 allotment every check to emergency savings. 26 pay periodsEmergency savings 16kIndividual stock account 5k between ESPP and what my company gives meExpenses Mortgage 800Auto loan 389 payment is 279 set up on auto draft at 389Car Insurance 130Storage unit 45 plan on getting rid of this in the near future Cell phone 51.25Internet 42Apple music 15Gas 120Groceries 300Power 115Water 30For spending I just always have the mindset of being broke so I dont spend a lot most of the time outside of thatHer salary around 60k as well.She wants solitaire gold band. Im honestly thinking the size that I dont want to be tiny. Close friends just got engaged and they gross less than 90k and spent 12 k. She knows there is no way Im for that. She did mention it would be nice to have at least 1ct.BackstoryHonestly before her people use to say when you know you know about finding the one. I would always say they were full of it until I met her. Anymore questions and I will update this post again. I appreciate the responses for sure. Im not sensitive or take anything personally.  <response>: I mean, I would pay off the loan because of the interest... Does your girlfriend require a 7000 ring? I would be pissed if my hubby had spent that much. That could be a hell of a vacation, honeymoon, wedding costs, good start on a house... why are you spending it on a ring? I mean if she really wants you to and you have 7k to throw away then go for it, but I would still pay the loan off first. 