What should my budget be for next watch

[Soly20]

Go for it. It looks beautiful on your wrist!

Congrats in advance!

[kilyung]

My usual philosophy is if you have doubts about affording a watch then give it more time.

[benlee]

Originally Posted by AGKNYC

Hello All,


I have been gifted my first 2 watches, and I am finally financially ready to buy my first...but with the wife, mortgage, and baby...I feel bad spending even 1% of my net worth on one.

Someone please help me out with any advice or formula's you've worked out, thanks in advance.

The actual cost of a watch is what you pay when you bought it less what you can sell it for further down the road. AP holds value relatively well compare to other brands ( but not as good as Rolex and PP ) so maybe 30-40% depreciation to be on the safe side. If writing off this value is OK for you, then you can go ahead. That's how I see it anyway. And the basic needs and long term funds should be taken care of first before any luxury purchase.

But if you feel bad about spending especially with family commitment, perhaps you should wait and reconsider it again at a later stage. There are many things in life that should take priority over watches.

[AK797]

A little trick I have to help me feel better about spending alot on a watch is to really start planning on buying a more expensive one than I first thought, then after a while I switch my focus back to the one I was initially interested in and if I still desire that watch then I feel better for saving a fair bit of cash.

This is all with disposable play money only, terms and conditions apply etc...

And a promise to a wife is not a TRF promise.

[VICI]

So w 200 months of expenses in the bank, seems like a green light.

Depends on how you generate money. If you think your income will be continuous.

I would not even think about it if I was confident in my abilities to replenish the ca$h

[blakeegan]

[Rusty888]

Originally Posted by blakeegan

Now this would send me broke!!!!

Do they even make watches that expensive.

Even if say I had a 2000 dollar difference between fixed expenses. That would mean a $314,000 watch.

Although I could show this to my partner and say that I am very conservative with my money ;) Perhaps I should be another watch and not be so frugal

[AGKNYC]

Originally Posted by Rusty888

Now this would send me broke!!!!

Do they even make watches that expensive.

Even if say I had a 2000 dollar difference between fixed expenses. That would mean a $314,000 watch.

Although I could show this to my partner and say that I am very conservative with my money ;) Perhaps I should be another watch and not be so frugal

Amazing!!! Exactly what I was looking for!

Actually, its pretty accurate...what do u guys think?

[improviz]

I think I just wasted five minutes of my life.

[le-temps]

not buying a watch for 10 years is difficult for me...why don't buy her a nice watch, then you can negotiate down to 5 years? Next, you can buy your own watch without feeling guilty.

[mspeed76]

that formula is interesting but I don't really understand how age factors into it at all

watches (and most other toys) should be purchased with a % of your disposable income / savings

10%? 20%? depends on your priorities :)