IMHO, if a man can't step up and buy some kind of (even inexpensive) engagement ring... If he can't even manage to find a way to 'afford' that... Then, obviously, he can't 'afford' what it takes to be married and support a wife and family.
Any man who wants me to give and to commit my whole being to him, and he specifically asks me to do it now, basicly 'for free'.....
I wouldn't do it either.
Too many men want it all for free.
Any man asks me to marry him and commit to him and serve him 'without a ring'...
He would get a definite 'no'.
Flame Suit ON......
I don't know if the OP's friend is looking for that HUGE rock, or what....
But, I certainly would not have become engaged and planned a wedding and a life with a man who could not manage to find a way to come up with a ring to show his love and commitment. What else is he NOT going to find a way to do/provide/etc....
For those who are rolling their eyes...
NO - I did not get a big expensive diamond...
NO - My husband and I were, and are, not rich... Barely managed to feed ourselves and pay the bills... We still don't have a lot. It is not about material things AT ALL....
As mentioned here, people DO look for that ring...
It is an important symbol of commitment and the fact that one is promised and spoken for.
Would I have to have a big expensive diamond?
No...
But, for me, when it comes to a ring... the L'oreal slogan says a lot "yes, I'm worth it".

Woah Nellie! So what you're saying in the bolded part is that someone has to purchase your time and affection, otherwise they're worthless losers that you won't invest your time and love in? Even though you deny in the same paragraph that it's not about material things at all?
The only girls/women I know who have gotten married without a ring married destitute losers......
Seriously...
Just stating what I have seen....
Yep. I guess so.
And I guess I can understand, with that attitude prevalent in these kinds of circles, why a woman would want the man to give her $400 - $1,000 before she'd commit. Her friends would hound her and look down on her.
Some friends.
Yet the idea of a dowry (the woman's family having to, in essence, sweeten the pot so the man would take the woman on) is repulsive to many women. It's the same concept as above with the engagement ring, just reversed.
I'm so glad I live amongst friends and family who don't consider jewelry to be the ultimate symbol of enduring love, respect and commitment. Jewelry, after all, can easily be lost, damaged, stolen or sold. For something real and valuable - something worth working for, living for and dying for - I suppose my litmus test would be this:
If you can insure it with money, then it's just a possession.
Think about it: Houses, cars, computers, TV's, jewelry - all insurable at replacement value.
Old photographs, memories, children, parents, your spouse, your relatives - all non-insurable. Irreplaceable at
any cost.
I'm so very grateful that I don't live among people who consider jewelry to be the proof of love and commitment.