<prompt> Human: Heres the situation, I would like to get a 10k ring and have a few options of how to go about it. We currently live 1,200 miles apart due to graduate school and what not. I can easily save up this amount, but it would take longer than I would ideally like close to a year or slightly more based on current expensesbudget. I would prefer to get something closer to October or November of this year, rather than next summer.Here is my situation: I currently have no debts other than student loans, pay my own rent and utilities, and have my current car paid off.I was thinking of selling my current car for roughly 11,000 the price its worth for a more economical car in terms of gas mileage and insurance rates. If I do, I can easily finance one of the same price or less that is better for gas and insurance.My thought process is I could put a 2-3k down payment on the new car, finance the rest for X months, and use the extra money from selling my car towards engagement so that I can quicken the process.Thoughtsconcernsam I stupid?EDIT:Thank you all for putting it more into perspective for me, I think what Im going to do is save as I originally planned and will look for a good ring third party for half the cost that some place would sell it for while still hitting my original goal. I guess I was a bit optimistic at 10,000 : Weve been together for 4 years so I wanted to get her something good, but I guess I hadnt done proper research yet.Thanks utraken, upolyscifail, uERBackw, and others for bringing me back down to Earth :  <response>: Personally, I wouldnt spend 10K on a ring unless you have the cash on hand. If would have sold my car to buy a 10K ring for my wife when we were dating, she probably wouldnt have married me and she would have been right. Assuming you plan to make a lot more money when you graduate, buy her something you can afford now, 1000 2000 if you have that much cash. Tell her youll get her a Proper ring for your first anniversary, after youre out of school. You might even be able to get a ring that can be added onto. Get something with a small diamond in it now, and add a second small diamond a huge rock later. That way, what you give her doesnt feel temporary. If she really expects a 10K ring, you have a lot more questions to answer. For the record, I proposed without a ring, and we picked one together about 6 months later. There was no way I was going to spend thousands of dollars on something I didnt know if she would like or not. 