Enter the total annual salary ($) into the Calculator. The calculator will evaluate the Engagement Ring Budget.

## Engagement Ring Budget Formula

EGB = AS / 5

Variables:

- EGB is the Engagement Ring Budget ($)
- AS is the total annual salary ($)

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.

- First, determine the total annual salary ($).
- Next, gather the formula from above = EGB = AS / 5.
- Finally, calculate the Engagement Ring Budget.
- 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