yeah, people spending 50k+.... wow. crazy. For mine... the ring was around 2k, and the whole wedding/honeymoon was under 10k, without a doubt. As a result, we were able to pay off both cars, have a baby, and move into a much larger home inside our first 2 years of marriage without any debt.
When I looked at rings, the 20k ones were beautiful, i mean just plain gorgeous. But as I did the math in my head of how many months it would take to pay for one, I just couldn't go near them.