Here's an interesting topic. Say 1.5 years into law school it's time to "pop the question." If you don't know what "the question" is, then this probably isn't a good topic for you to chime in on. I believe the "suggested" amount is about two months salary. Now as a grad student do I consider two months salary for what I was making before graduate school, two months salary of what I'm expecting to make when I graduate, or maybe buy something small and simple with the promise that once I have the first paycheck we'll go together to buy something. There's a big part of me that doesn't like that last choice and would rather take a loan out to buy "the ring." What do you guys think?
dude.. wtf.. you're talking about 1.5 years from now!the only thing worthy of consideration that far in advance is the bachelor party
Thanks for the defense lincolnsgrandson, but I didn't put much stock into upNdown's comment as I am a card carrying member of the real world and actually have 6 figures in my savings account (not including my IRAs and 401K). OP, Knowing the info that u do have money in the bank, the info regarding what ure family and her family are probably expecting, and the info u provided on your girlfriend, it is easier to give u better feedback. In your unique situation, it sounds to me that you will probably want to buy the real ring u want her to have, not a smaller one or something to upgrade later. i was under the impression that you were surviving on loans for law school because u had to and taking a loan out through some chain store with high interest rates,etc. while in school was not the best idea. If you ahve the money in savings, get what u want to get her. Just curious, if u do have $$$ in ure savings already, then why are you even concerned about this? I mean, in my husband's situation, we were both in school and depending solely on loans for school and living expenses with no other financial cushion at the time. There was no option but to get something small or just wait. Your situation is different. You have the money, it won't put u in a financial bind, and you have plenty of time on ure side to get the ring. Get her what you want to get her (the big rock) and enjoy life:)