This year alone about 2 million Americans will be tying the knot. That's a whole lot of ring and wedding planning and a whopping 72 billion dollars spent on weddings. But before planning the wedding, the biggest question that comes to mind is this, "How much should I spend on an engagement ring?" Through the years we have heard a lot of rules including but not limited to spending three months' worth of your salary and other myths brought about by diamond companies. The truth