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As an almost broke student getting a $1k engagement ring for my fiancee (now wife), looking back, it was one of the worst financial decisions we've made.

After being married for 10 year or so, it doesn't even matter what the ring was or the type of stone or how much it cost.

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I was in a similar boat (student, spent $1500 on a ring). I think the ring meant more to me than to her (she wanted a small stone). I decided to spend more on the ring than I did on my most prized possession, my laptop (a Macbook Pro). At the time it was the largest single purchase I had ever made.

I don't regret it. The symbolism behind the purchase makes it more meaningful. It set a tone in our marriage of placing each other first, above anything else we have.

Some people might find getting a $1000 engagement ring a bad decision because they would get it thrown back in their face. :) Just kidding, but this is very subjective.

Hopefully they'd consider this a blessing for uncovering what would surely be a miserable long-term partner.

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