Traditionally, it's suggested to spend around two to three months' salary on an engagement ring, but this is just a guideline and not a strict rule.
Ultimately, the most important thing is to choose a ring that fits within your budget and is meaningful to you and your partner. You can find beautiful and meaningful engagement rings at various price points, so take the time to explore different options and choose what feels right for you. Remember, the value of the ring is not solely determined by its price tag, but by the love and commitment it symbolizes.