What percentage of your income do you spend on watches each year?

Post tax. Be honest :P

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Post tax 😂

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It really varies. When I was building my primary collection, maybe 5 to 10. But I don’t really consider the acquisitions against annual income. Sometimes it’s a moment of opportunity. For instance, both my Glashutte Original watches were kinda spontaneous. I wanted the PanoMatic and saw it at a great price. So I snatched it up quickly. The Senator Navigator was the first time I saw a flieger B type dial, and was immediately something I wanted. But I never once pit the decision against annual income. A decision to purchase is much more about the deal and opportunity.

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Never kept track but everybody eats and the lights haven't been shut off. Probably somewhere between not as much as I want to spend and more than I should.

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depends on the year! Last year I bought A LOT. This year only one so far and it was a cheapy.

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With a family to support, I don’t spend earnings from my job on watches. I just save my Christmas and birthday money and spend that, guilt free.

It usually means I can buy a cheap digital whenever I want and then maybe a Seiko 5, or I can save for a couple years and get a decent microbrand, which is what I’m doing now.

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I accumulate Amazon gift cards thru my work which fuels my Casio addiction.

Otherwise, good old fashion saving for the other stuff.

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CheapHorologer

With a family to support, I don’t spend earnings from my job on watches. I just save my Christmas and birthday money and spend that, guilt free.

It usually means I can buy a cheap digital whenever I want and then maybe a Seiko 5, or I can save for a couple years and get a decent microbrand, which is what I’m doing now.

That's great discipline bro! Hold on ... You still get Christmas and birthday money? LOL 🤣 I get tighty whities and socks 😭

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I’m invoking the 5th 😆

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I am not going to take the money with me. But at least I can be buried with all my watches.. like an Egyptian pharaoh.

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I honestly don’t know. I bought a lot for a while but I’m trying to slow down. And as always, I try to give my wishlist a hard look.

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CheapHorologer

With a family to support, I don’t spend earnings from my job on watches. I just save my Christmas and birthday money and spend that, guilt free.

It usually means I can buy a cheap digital whenever I want and then maybe a Seiko 5, or I can save for a couple years and get a decent microbrand, which is what I’m doing now.

That’s a very responsible way to go about it.

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Varies, doesn't it. I've only bought (pre-ordered) one watch this year, so under 3%, but last year was a big year with two Longines and my Air King, so more like 10%

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Last year blew up my 5% budget set aside for watches but it was a special lifetime occasion. I was retiring after 35 Years in the workforce. Spend over $15K including tax on this bad boy but how often you retire?

FYI, My wife wasn't very happy about it. 🙄

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It varies greatly. This year I went big, and I don't think I'll ever surpass it again.

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Annual income is pretty irrelevant IMO. A more useful % could potentially be net worth. Also total value of collection is useful too. People like me who regularly buy and sell watches can spend insane amounts in a year be recoup much of that money through sales.

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Some years 1% and other years up to 10%. Factoring my entire watch hobby budget (watches, mods, straps, accessories, tools) it averages to 5% over the past few years. I keep a neat spreadsheet with every little expense to keep the buying addiction in check.

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Too much 😔🤣

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Jamair23

That's great discipline bro! Hold on ... You still get Christmas and birthday money? LOL 🤣 I get tighty whities and socks 😭

Lol, I have very sweet in-laws. Started dating their daughter as a teenager and 20 years and two kids later I guess they still think of me that way 😆

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TheMightyOz

It really varies. When I was building my primary collection, maybe 5 to 10. But I don’t really consider the acquisitions against annual income. Sometimes it’s a moment of opportunity. For instance, both my Glashutte Original watches were kinda spontaneous. I wanted the PanoMatic and saw it at a great price. So I snatched it up quickly. The Senator Navigator was the first time I saw a flieger B type dial, and was immediately something I wanted. But I never once pit the decision against annual income. A decision to purchase is much more about the deal and opportunity.

Yeah, I don't factor it against annual income either. Do I have spare money to spend? I can buy a watch if I want to. Is my spare money running low? Hold off on a watch purchase for a bit. Those are my rules and it's worked well for me.

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Only caveman accounting here: green bank account mean buy watch now ooga ooga

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This breakdown makes me happy, around 2-4% throughout the years seems reasonable (assuming this is your primary hobby).

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CheapHorologer

Lol, I have very sweet in-laws. Started dating their daughter as a teenager and 20 years and two kids later I guess they still think of me that way 😆

Bro! My parents don't like me much lmao 🤣 Can you adopt me 😂