HOW MUCH ARE YOU SUPPOSED TO SPEND ON AN ENGAGEMENT RING?

THE ANSWER

There's no rule. The "three months' salary" myth was invented by De Beers marketing in the 1930s. It's advertising, not tradition. Spend what makes sense for your finances. Some couples put money toward a house deposit instead. Others prioritise the ring. The average spend is around $1,500 to $2,000 AUD. But averages mean nothing for your situation. A ring you can afford without debt is the right ring. Lab-grown diamonds offer the same beauty at lower cost. That's expanded options for every budget. Your partner wants to marry you, not a price tag.

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