How much should a man spend on an engagement ring?

Anonymous
I know it is usually the 2 month rule, but if not taking that into consideration, what is a decent amount to spend? How much do most average workers pay? How much did you pay and how much do you make?
Updates
+1 y
Just wondering because my boyfriend and I went to pick out a ring yesterday and it is costing him 3k. I told him I would be fine with a less expensive one, but he said he wanted to get me something I really like and that had insurance on it for life.
How much should a man spend on an engagement ring?
7 Opinion