Buying Engagement Ring - financial advice?

question of SoonToBeMarried : Buying Engagement Ring - Financial Consulting Hi - I'm currently saving up for an engagement ring and did some general financial advice about my 401k?. I am currently investing 5% and I know I should be maxing it out, considering my employer is 50% up to a total of $ 7,500 per year. I make about $ 165,000 / year (gross) and my monthly expenses are about $ 2,500 / month. The problem is I need the money to buy the ring and then save for the wedding, a house, etc. What should I do about the investment at this point, if any? Maybe keep my 401k as it is, to I can invest a large amount of comfortable Best Answer: Wed reply jhostman I
of the decision on a ring that you feel comfortable buying begin would - remember that larger and more visible is not necessarily better, and a lower ring doesn 't that you do not worry weniger.Dann figure your budget so that you can maintain your current standard of living, and calculate what you need for a payment on a house, and the ring they have chosen and have to save some money for a wedding. (Traditionally, the parents will pay for your wedding, but your situation may be where this is not really possible, so ... you have to judge what you have to save). Even married, if you a combined income to draw on those developed for things like your retirement account (which, if you get 50% match, you may want to get out of your pay) and have a house. While it is too could do quite chivalrous, pay for everything myself, be with the state of the economy and the cost of housing, the second source of income, which takes him to achieve all your dreams. Take one step at a time, and remember, your fiance a partner in your financial decisions. :) Good luck and I hope this helps!

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