How much should you spend on a watch?

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Henry14
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How much should you spend on a watch?

Post by Henry14 »

What percentage of your annual income is proportionate?

MarkingTime
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Re: How much should you spend on a watch?

Post by MarkingTime »

As much as you feel that you can justify.

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Craig64
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Re: How much should you spend on a watch?

Post by Craig64 »

Only my thoughts here...

On topic question, “How much should you spend on a watch?”
My answer, “Just as much as you can comfortably afford using existing cash.”

In respect of “Percentage of annual income being proportionate?”
My answer, “Sorry, but I really do not understand the premise of this question.”
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hughesyn
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Re: How much should you spend on a watch?

Post by hughesyn »

Are you talking about a single watch, or annual spend?

Either way, it depends on your circumstances.

If you are single then you can spend as much as you like without starving or living on the street.
If you have a wife and 4 kids, a relatively low percentage of your salary would be reasonable. However, in that circumstance, the mrs will be the judge of what is proportionate.

It also depends how many hobbies or interests one has. I have to juggle watch funds with motorbikes and push bikes. Both of which tend to be more expensive than watches.
It's a perfectly reasonable choice to drive a rubbish car but own some expensive watches. Your neigh our with an expensive car on the drive might think you are mad to spend 5 figures on a watch.

Also consider that watches tend to hold their value reasonably well. It's not like spending money on food, drink or holidays. What you are really doing is locking up some wealth in the watch, instead of earning interest as cash or higher yield investments. So what the watch really costs is the difference between the depreciation of the the watch and the money you could have earned otherwise with the capital.

What you can get away with, without feeling guilty, is probably the answer for most.
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Re: How much should you spend on a watch?

Post by Danbailey007 »

hughesyn wrote:
Sun Sep 01, 2019 10:01 pm
Are you talking about a single watch, or annual spend?

Either way, it depends on your circumstances.

What you can get away with, without feeling guilty, is probably the answer for most.
Agreed :thumbup:
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Re: How much should you spend on a watch?

Post by atnits »

Depends on what point you're at on the watch collecting odyssey.

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neilj568
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Re: How much should you spend on a watch?

Post by neilj568 »

Henry14 wrote:
Sun Sep 01, 2019 8:58 pm
What percentage of your annual income is proportionate?
That rather depends on how much your annual income is...!!!!!
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Re: How much should you spend on a watch?

Post by DavecUK »

As much as you feel comfortable spending.

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TigerChris
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Re: How much should you spend on a watch?

Post by TigerChris »

Everyones values and priorities are different. How you can apply a percentage of annual income to how much you should spend on a watch is beyond me. Craig64's answer is bang on in my opinion - 'Just as much as you can comfortably afford using existing cash'. Even using interest free credit, in my opinion, you should have the cash value available to pay for it.

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Re: How much should you spend on a watch?

Post by Thegreyman »

100% :devil:

1% :angel:

or....wait for :santaclaus:
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Re: How much should you spend on a watch?

Post by Ian Mc »

Only you can decide.
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Re: How much should you spend on a watch?

Post by paul64 »

hughesyn wrote:
Sun Sep 01, 2019 10:01 pm
... I have to juggle watch funds with motorbikes and push bikes. Both of which tend to be more expensive than watches...
What push bikes do you enjoy?

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Re: How much should you spend on a watch?

Post by MSC »

If you make under £20K a year I would say £400 - £700 watch is reasonable.

For luxury watches I would say 30k+ a year.

If struggling then gshocks, orient and seiko

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Re: How much should you spend on a watch?

Post by gaf1958 »

The answer, IMO, is highly dependent on how much you get from your other watches that you sell in the same time period...
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Re: How much should you spend on a watch?

Post by Thegreyman »

gaf1958 wrote:
Fri Sep 06, 2019 4:54 am
The answer, IMO, is highly dependent on how much you get from your other watches that you sell in the same time period...
A flipping good answer, Gary :)
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