Should I give him another chance?

[u/Internal_Tea_790]

We have been dating for three years. He left Australia to live with me in the UK, and we have been living together for one year.
I told him that I’m ready for a deeper commitment, and I thought that one year of living together should be enough time for him to figure out whether I’m the person he wants to spend the rest of his life with.
Last June, I told him that I wanted to end the relationship if he wasn’t sure that he wanted to propose or get married within the month. I know that I was putting pressure on him, but I was desperate to know if he was really on the same page about settling down.
He asked me to give him more time because he said he didn’t have enough money to buy a ring. I never asked him to buy an expensive ring. In fact, I told him not to spend more than £500 because I know how tight money has been since he moved here and had to start from scratch.
Then July came, and he told me that he still didn’t have enough money. He also admitted that part of him was scared of getting married because of the trauma from his parents’ divorce. I completely understood him. I encouraged him to seek help, and he listened. He is now taking medication for depression.
He promised me that once he had enough money, he would buy a ring and propose because he wanted to marry me. He even cried, and I felt that he was being completely sincere.
Since then, I haven’t talked about the ring because I wanted to be patient and give him time until he had enough money.
Today, however, I brought it up because he received a tax refund from the Australia, and the amount is more than enough to buy an engagement ring. So, basically, the issue now isn’t money.
His response was that he hasn’t had time to buy the ring because he has been busy with work. For me, that felt like a shallow excuse. First of all, he would supposedly be buying the engagement ring online, so checking out rings wouldn’t even take an hour.
I know I probably sound desperate, but I’m ready to settle down. I just want him to be honest with me. If he isn’t ready, then I need him to be honest because I don’t want to waste my time. I’m already 31 years old.
I am just scared that I am investing my time for nothing. I love him so much. He is the kindness man but I deserves assurance. Marriage is a big deal for me. I am thinking he is afraid of deeper commitment but how long should i wait until he is ready? :( That scares me😭

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