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Saving Advice
Saving Advice
Dave Ramsey

Dave Says: There’s Nothing Wrong with an Inexpensive Starter Ring

Dave Ramsey

Dear Dave,
I’m 24, and I would like to buy an engagement ring. I plan on asking my girlfriend to marry me within a month, and I was wondering how much I should spend on the ring. I make $85,000 a year, and I have no debt. In terms of savings and retirement, I’ve got about $40,000 in a high-yield account, plus $10,000 in a 401(k).
Hayden

Dear Hayden,
That’s awesome! You’ve got a great start in life too based on the figures you gave me. Congratulations on all your success.

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