<prompt> Human: Time to start thinking about a ring. Financially pretty healthy. Just purchased a 450k home with 20 down have no debt and about 15k cash left in emergency fund. Take home is 115k for last year and expecting a 20 increase this year. Other major purchase this year will be purchasing a vehicle at end of lease for 14k. I have also just wrapped up the major repairs on the house so barring any big emergencies, should be ok for the next 12 months.Based off my numbers what is the responsible amount to budget for a ring?  <response>: Saving for an engagement ring is like any other short-term savings-- it all depends on how much you can set aside in your budget every month to do that with. If you really want to buy a 20,000 engagement ring, as long as youre investing in your future properly and continuing to pay down your debts, thats not a big deal. Id personally never spend more than 1000 on an engagement ring, but thats just me. 