How Much Should I Pay for an Engagement Ring?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 11 July 2022

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, and George Kamel. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Ramsey Call of the Day, part of the Ramsey Network.
0:10.8	Joining me today is Ramsey Personality, Dr. John Deloney.
0:15.6	Andrew's going to start off this hour in Milwaukee.
0:18.5	Hey, Andrew, what's up?
0:20.3	Hi, Dave. Thank you for taking my call. Pleasure speaking with you. You too, Andrew, what's up? Hi, Dave.
0:20.9	Thank you for taking my call.
0:22.4	Pleasure speaking with you.
0:23.6	You too, sir.
0:24.6	How can we help?
0:25.7	So my question is, I'm in the middle of my baby step two.
0:30.2	I'm hitting it with gazelle intensity.
0:32.9	However, I'm also in about one and a half years into my relationship.
0:38.0	Both of us are, we know we want to get married.
0:41.0	It's going to happen this year.
0:42.4	My question is essentially, how much should I be budgeting for the engagement ring?
0:47.2	And when do I buy the ring?
0:49.9	Is it my next paycheck?
0:51.2	All of that goes to the ring?
0:53.0	Or is that a sinking fund sometime
0:55.5	within this year?
0:57.1	The question about how much to budget, I'm basically asking because I know you typically
1:01.7	say one month's pay.
	...

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