• AS is the total annual salary ($) To calculate Engagement Ring Budget, divide your annual salary by 5. ## How to Calculate Engagement Ring Budget? The following steps outline how to calculate the Engagement Ring Budget. 1. First, determine the total annual salary ($).
2. Next, gather the formula from above = EGB = AS / 5.
3. Finally, calculate the Engagement Ring Budget.
4. After inserting the variables and calculating the result, check your answer with the calculator above.

Example Problem :

Use the following variables as an example problem to test your knowledge.

total annual salary (\$) = 60,000