<prompt> Human: I started thinking about this a couple weeks ago after my friend got engaged. Im 23 and dont plan on getting married for at least 8-10 years or so, but I have a girlfriend who I love very much and see myself with. Regardless of what happens with us, I was thinking about starting a ring fund now so that I have plenty of time to save up and get a nice one, when and if I do get married to someone. Anyone have any suggestions about how much to save a month? Also does this seems like enough of a long-term goal to put it into an index fund? I make about 63k a year btw and have no debt.Edit: After reading the comments, Im thinking the smart thing to do is to start a general wedding fund. Then when the time comes I can decide how much to allocate to a ring, and how much to wedding, honeymoon, etc.Assistant: bruh, dont get sold a bill of goods. if you are contemplating saving for 8 years for a ring, youre probably going to overspend on a ring. the year you consider proposing, start setting money aside. between now and then, start your retirement nest egg, house downpayment funds, and travel. Human: I see your point. Just for some more info, I save about 25 of my income a month for retirement, and have a six month emergency fund saved up that I plan to continue growing. House is pretty far from my mind right now, but I think I could afford to set aside 50 or so a month and still start a fund for a house payment.  <response>: Jesus dude, well done.Dont make the ring fund a priority or anything, but if you can safely stash 50 bucks a month away, why not? As much as you shouldnt overspend on a ring, culture teaches us to want diamonds, and a ring is one of those things where you cant make a purely financial decision. Only you know your gf, and she may expect a decent diamond. Doesnt make her a bad person, even though diamonds are overpriced. 