Watch Budget??

I'm curious to know if you have a watch budget? I've noticed that some may say, " I can only buy 3 watches this year" or some other number up or down. I've also heard of others who may have a dollar amount and that can dictate the amount of watches purchased. 

My criteria is the later. I use a dollar amount and then go to my massive list and start making decisions. It may be 1 watch that eats up the budget or it may be more. 

What's your criteria?

Pic: Key and Peele

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I'm not in danger of making extravagant or foolish financial decisions, so this is not a thing for me. A budget would lead to my making a game out of maxing out the allocated funds, so it's for the best anyway.

Supposedly this is how it worked with internet service in ye olden days too. Those that had unlimited plans tended to consume less than those that had limited ones. Scarcity increases desire for consumption, abundance the opposite.

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OscarKlosoff

I'm not in danger of making extravagant or foolish financial decisions, so this is not a thing for me. A budget would lead to my making a game out of maxing out the allocated funds, so it's for the best anyway.

Supposedly this is how it worked with internet service in ye olden days too. Those that had unlimited plans tended to consume less than those that had limited ones. Scarcity increases desire for consumption, abundance the opposite.

Hmm...interesting perspective. I guess budget may have been the wrong word. I looked at it more from the vantage point of people saving for trips, or budgeting in general. Maybe allocation should have been the word. We all tend to put a little money aside for something, saving, vacation etc. I call it budgeting as I like buying at least one watch per year as of late, but who knows. That may change.

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I don't have a set budget, but I only plan to buy things that are well within my current means. If I want something high end, I would have to start doing some calculations and probably some strategic saving or selling of other things to attain it. But I'm plenty happy exploring in the finance friendly entry level and mid range for now.

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gbelleh

I don't have a set budget, but I only plan to buy things that are well within my current means. If I want something high end, I would have to start doing some calculations and probably some strategic saving or selling of other things to attain it. But I'm plenty happy exploring in the finance friendly entry level and mid range for now.

I think this is what many (hopefully) do. My budget is set on my means and the things I plan to do during that year (trips, watch purchases etc.). There are so many good watches in a variety of price points. I've been looking at Traska as of late but they are sold out of a piece I want. I'm curious about their scratch resistant coating on their watches.

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There is pretty much a amount I am uncomfortable with spending. 

below that it can be a very thought out decisions or sometimes a stupid online buy at 3 in the morning.

also depends on the watch. I would never spend 500 bucks to get the Moonswatch. But when it comes out online I'll get one. Price seems fair. 
At the same time I would love to buy a sub. At 10 grand that would be fine. But at 15k. No way. 

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Inexpensive pretty watches and homemade watches in my budget.

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I don’t have a budget, per se.  I’m more of a value shopper.  If I find a watch on my pre-approved list with a discount or in great used condition, I’ll buy it if I have funds available.  I don’t usually have funds available and it’s a pretty expensive list so my acquisitions are quite infrequent.  

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I wish. I need one

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Have a set budget and a very short list of wants. Will take me ~3 years to obtain those five watches. 
 

From there, who knows. 

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I have a self-imposed rule that I can only spend a certain amount on my collection.  I also have a rule that I can only buy one watch over four figures.  Even though I only started late 2020, I only have two or three watches left that I want.  I had a very productive 2021.

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I buy mostly cheap watches to explore the design space of looks and complications. That has so far cost me about $1000, and may cost me another over the next year. Beyond that, any watch above $500 would have to be a serious upgrade of a watch type I really like (so far none, but I have a few in mind), and I won't exceed $2000 for any watch.

The problem with a budget is that makes the implicit decision to spend it no matter what. I need a good reason to spend money on a watch. So, if it is affordable and the good reason come together I pull the trigger. I have now about 20 watches and the justifications for new purchases become harder.

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I started collecting more than twenty years ago, and I've accumulated quite a few nice pieces over the years.  I've been lucky with buying second hand on almost all of them.  Several have doubled or even trebled in value since I picked them up.  When I regretfully purge a few I'm often able to go up a few bucks.  So I'm mostly able to sustain my habit without putting any more cash in.  Unfortunately, I regret having sold quite a few beauties over the years.  I've kept my total investment below 50K, although the value now is somewhat more than that.

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What is this word “budget”?

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I'm looking for vintage Seiko 7A28 chronographs .. availability and timepieces in good condition or rather complete sets is my biggest enemy 

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yes, I do have an annual budget for watches.  

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TonyXXX

What, a new dishwasher or a new ironing board 🤣🤣🤣

That was hilarious! Those are all good options haha 🤣. Women are actually quite easy to buy for. They tell us what they want all the time. If they drag you out shopping and they say, "oh I like that, or oh that's nice" take a photo on your phone. I guarantee you'll have a treasure trove of things to pick from. You could also go with the old standby items:

-Time (date/dinner)

-Diamonds/Jewelry

-Shoes/Clothing

-Spa/Beauty type stuff

Easy peesy.😎