How much in the bank?

In before the first goofball says $3500.00.

First, it depends what the minimum balance on the account is. And other factors. I'll say around $15K sounds right. I wouldn't buy a new BB though.

debt is king! you can always pay it off later with cheap money.

The fact that you’re asking the question suggests you already know the answer…

And if you die before that, you won the system!

As the famous philosopher Jay Z once said "If you can't buy it twice you can't afford it"

Yeah, there’s always some nut who cares more about a laugh than a watch discussion. Glad you headed me off there. Them. Glad you headed them off. Not me.

You should be able to pay all off required debts , bills , mortgage before and if you then can spend the full amount ( I’d suggest below retail as tudors loose some value ) for the watch and still have money left over for emergencies ect then you probably could be fine. Going into debt for a watch is never worth it !

Personally, I’m incredibly conservative when it comes to my finances and what level I need to be at to feel comfortable enough to start spending. Up until very recently the very last thing I would ever spend even a single penny on is a luxury watch.

In my own case, it’s only after I had enough in terms of net worth that I could never work another day in my life and still have enough to support my family that I figured, “I guess it’s okay to maybe spend $4 on the Heinz ketchup, even though the store brand generic ketchup is $2.”

A significant investment portfolio and a year of expenses in cash for emergencies. For me, I should never feel the impact of the purchase.

Money you have in your bank accounts don't matter. It's all about your net asset. I'd say you need a minimum net asset of $3,500 🙂

IF your time is really precious, why not use a valuable time piece to measure it ? Just as a reminder to treasure each second in life as a gift from God …

Money can be made, when time passes it’s gone

No one is gonna give you a number as there is a risk of coming off as either frivolous or vulgar, depending on that number.

A watch purchase shouldn't be a financial strain, if it is you simply won't enjoy wearing it.

I'd say at least three months mortgage or rent plus $2,000 emergency fund.

You don't want to have to sell your watch because of an emergency...that's like a 50% haircut off what you paid, if you're lucky.

I'm not going to put a number. I do think you need the lifestyle when you start to get into expensive watches. You can't be eating microwave food, ripped shoes and no health insurance or retirement plan.

None of it goes into the ground or furnace . Wait til your in intensive care after your first heart attack and none of your security and safety will matter a zot … haha that’s heavy :) but hey I have lived it and enjoy your life without thinking your still here next year . Hopefully god willing we are but hey my advice is nothing more than experience, no need to listen to my ramblings:)

Don't buy a watch unless you have the cash for it, and can go on living your day to day life after buying. Never buy on credit, and never buy as an investment.

Sincerely, Dad

No but seriously

+1

If you would sweat $7k i would not buy it.

For me, its not necessarily about how much i have in the bank, but about priorities.

Don't get me wrong, i love this hobby. But would not spend $3.5k on a watch if i know i can use that money in some other way that can improve the quality of my life. If everything is well, i don't see nothing wrong with spending half a paycheck on it if it makes you happy.

There's a youtube watch personality who advises credit cards and HELOC 😂

If you are thinking about it and it causes you anxiety pulling the trigger….don’t do it. There are plenty of other watches at 1000$ or less price point that compete or even excel with that Tudor.

If losing the watch would have a serious impact on your life, don't get it. A watch is, in the end, a material purchase. It can be lost, broken or stolen. I recommend making purchases that don't have a huge financial impact on your life.

I'm a live for today type.... probably the wrong person to answer

Usually I got for ... if I can pay off the purchase in one month, after covering everything else etc. The general theme of the comments seems to be that an anxiety inducing amount should be avoided. So that means saving up in the checking account until it can be paid off in full quickly. For me, it's one month.

Sorry to hear that David. I hear you and have lost many close friends very young to unforeseen health issues and I am glad you made it through yours. For me, personally and professionally, I have to play the numbers.

In the US, the average male with means has a life expectancy of about 87. There are a number of socioeconomic factors that cause this, but that is the reality many must plan for. 87, heck even 80, is a long time to worry about a securely funded life. Sure, we could all go at any moment, but playing the averages, we should not YOLO only to find out that one life lasts an awful long time for most and I do not want to be working or struggling on the back part.

The tough balance is spending what is expendable while saving for the inevitable.

If it is the same dope I think it is, I believe he starts another prison sentence today. :-)

General rule is enough to cover 3 months of bill in you back account. But agree if you can get 0% and keep your money in the bank then makes sense. Just don't spend it on something else.

Best answer so far, leftover money for the the tudor fund, well said

Thank youu

If it’s going to put a strain on you financially don’t buy it. If your comfortable spending the money buy it. If your not sure wait and save some more. At the end of the day when I look at my wrist I want to smile. I don’t want to be thinking of anything else like payments, hardships or resentments.

Happy shopping.

Edit: sorry I read that back and I sounded like an entitled prick.

You are right , absolutely 💯 but just a little bit of risk and joy . Charles Eisenstein says it best , safety third, the explanation of this statement is quite long but if you come across his podcast and reasoning behind it , it makes a lot of sense . My old nan used to say if you fail to plan you plan to fail 🙂 thanks for your great response and kind words.