How do you save for the next one?

[KingJames]

I don’t save for the watch per say, I just get to a point where I feel good about spending a little extra on myself..and I only feel like this when I reach a certain savings threshold above and way above and beyond what the watch is going to cost….With that said, I CANNOT walk in and buy on impulse..

[AAP8]

Originally Posted by KingJames

I don’t save for the watch per say, I just get to a point where I feel good about spending a little extra on myself..and I only feel like this when I reach a certain savings threshold above and way above and beyond what the watch is going to cost….With that said, I CANNOT walk in and buy on impulse..

Not buying on impulse is why I have a simple rule, for every $1 I put into my Rolex Fund, I have to put $4 in some other form of savings outside of my retirement accts ... this forces me to limit the watches to 20% of my overall disposable income.

[TCTC]

You know it...and that's just for my wife...I have three daughters as well!

[ingoodtime]

Like many of us, my wife and I are on salaries. Saving money is the only way short of liquidating assets. When I became interested in watches, I never imagined I would own a Rolex due to their prices. But, as much as I desire a few more, I really don't see how that could happen. With necessities climbing in cost, ridiculously priced luxeries must be passed over. I am glad I have what I have.