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.

  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