Some people may view it as the man investing a substantial amount of money into a ring to show how significant his lady is to him while the woman doesn't spend any money on the engagement. However, I believe money is not a factor. Being engaged is about the commitment and the ring is way for other people to know that this person is taken. When men see women who are engaged, they are less likely to flirt with her as they see she's in a very serious relationship. A woman will only know that a man is engaged if he tells her. So for the bold women that hit on men, there's no indication that this man is in such a relationship.
Of course a committed man will inform these women that he's engaged but the man that is planning for an engagement over several years or desires a lifelong engagement, he may be doing the pursuing or will allow these women to pursue him. It may seem like a ring on a man's finger won't make much of a difference in his intentions but we've seen how men have taken off their wedding rings, placed them on different fingers or simply just don't wear them.
For some relationships, the engagement is a step to get the woman to believe she will get married someday while the man has no intention of getting married. He's making her his permanent girlfriend. There may have even been infidelity issues and getting engaged is a way to show that he is able to commit to her but what good is that if he still cheats on her? It's as if he's put this woman on hold for him so that nobody else will even consider pursuing her.
I'm not saying that the way engagements are executed are not effective for both sides of relationships and neither am I saying that if a man is wearing an engagement ring that it will stop men from misleading women in defining their relationship. I simply believe that if women are presented with a ring to show they are committed to a single man that she will one day marry, then that same man should wear a ring to symbolize this same commitment.
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