Engagement Ring Budget Calculator

Formula

The formula to calculate the Engagement Ring Budget (EGB) is:

\[ EGB = \frac{AS}{5} \]

Where:

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

Engagement Ring Budget Definition

The Engagement Ring Budget (EGB) is the amount of money you should ideally allocate for purchasing an engagement ring, calculated as one-fifth of your total annual salary.

Example Calculation

Let's assume the following value:

Total Annual Salary (AS) = $50,000

Using the formula to calculate the Engagement Ring Budget (EGB):

\[ EGB = \frac{50000}{5} = 10000 \]

The Engagement Ring Budget (EGB) is $10,000.