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Getting an engagement ring is such an important point in everyone’s life that not surprisingly, there are a ton of questions surrounding this topic.

How Much Should You Spend on an Engagement Ring?

The answer used to be…

You should spend at least 2 months’ salary on the engagement ring. If, for example, you are making $100,000 per year, you should spend $16,000 on the engagement ring.

But that has been dismissed and it is more open to what you are comfortable with and what she wants. There are a ton of ways to save money on your engagement ring, such as going with a lab-created stone, or choosing sterling silver over gold or platinum, or going with a solitaire style where most of your budget goes to the Diamond. With so many choices out there now, you should have more problems finding an engagement ring to fit your budget.

In 2020 for example, even with the many issues going on within the world, the average amount spent on an engagement ring was $5,000. Now according to jewelers though, the average cost for a good engagement ring is $6,000. So does that mean most people are walking around with less than average engagement rings? Who knows!

What Hand Does the Engagement Ring go on?

The traditional hand is the left hand. The ring is put on the 4th finger. It is believed this hand and finger is the “vein of love”, which came from the ancient Romans. This is for the USA though. Some other countries like Germany, Spain, and Norway choose to put the engagement ring on their right hand.

When making the proposal to become engaged, it is customary to place the ring on the same finger that she is going to wear, namely the fourth finger of the left hand. Sometimes though, due to the surprise of this happening and not being totally prepared, the ring won’t properly fit on that finger. In that case, pick the index finger or the pinky until you can ask your local jeweler to resize the ring to the correct size for the correct finger.

Do Men Wear Engagement Rings?

Traditionally, only women wear engagement rings. Men tend to just wear the wedding ring/band given to them on the wedding day. In the past few years though, many men have now been wearing engagement rings as well to show their commitment to their wives. It is still a very low number, but it has been growing. At least 5% of men are now wearing men’s engagement rings, and the trend is catching on rapidly, especially in 2020. What about before getting married? Yes, you guys can do whatever you want! They are just rings! Of course, if you are wearing wedding bands, then people will probably assume you are already married. … I have a friend who wears a ring on her left-hand ring finger sometimes and she isn’t married or engaged.

There you have it, the top three questions about engagement rings. With this information, you should be ready to buy that engagement ring, be ready to propose, and feel confident doing both!