The formula to calculate the Engagement Ring Budget (EGB) is:
\[ EGB = \frac{AS}{5} \]
Where:
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.
Let's assume the following value:
Using the formula to calculate the Engagement Ring Budget (EGB):
\[ EGB = \frac{50000}{5} = 10000 \]
The Engagement Ring Budget (EGB) is $10,000.
