Determining your watch budget

Nope...i ve got a lil devil on my right shoulder who wispers in my ear, which reults in me going to my watchmaker and ask for my wished timepiece. Bad habit, but i do not really look on my possible budget as i m pretty sure what amount of money is disposable, luckily

That’s fair and I think there’s nothing bad about that either. Thanks for your input!

All in 😅

I just decide to buy the watch I want most when it seems reasonable to do so. I don't really have a structure.

Whatever is left from alcohol, drugs and fast motorbikes 😅👍🏻

Just make sure you enjoy your hobbies one at a time 🤣

Daughters are grown, living their happy adult lives, my wife is still working from our old brownstone, we travel by transit, ride share or two feet to tend to most events, we cook at home most days, eat out a few times each week to shake off the same routines, budget carefully for emergencies including some anticipated work on the roof this spring but basically my finances allow for the purchase of some unplanned watch that I might want. Oddly the last several watches that I was keen to purchase was unsuccessful due to a trend by brands to downsize case sizes for men’s watches. I include the 39mm summer Omega Planet Ocean, the 38mm Zenith triple calendar moonphase and a nifty 37mm Grand Seiko dress watch that kept almost 40k cad in my pockets.

Spend no more than 5-7% of net worth on hobbies that way if they lose all their value it’s not a huge part. If you have $100,000 in assets spend around $5000-7000.

Preety much no limit with remaining budget after essentials are covered, goes for all hobbies like watches, traveling ...

Last year, I looked at my spending and decided to what point I am willing to spend. This year I decided to half that budget, since I want to save up a little more.

Just keep going til the money runs out. Can't spend it if you don't have it.

No budget. If I have leftover money it typically ends up in watches. Sometimes I sell a watch or 2 to fund another one and sometimes I just pull straight from the bank to fund the next purchase. As long as you’re not homeless or jobless I don’t see the harm in spending extra money on watches.

2000 max. Based on what amount I won't have buyers remorse for after six months or more

I don't have a set budget for watches. My general rule of thumb is I won't spend more than $200 with rare exceptions. I also wait for sales or even buy used from eBay as long as the seller has plenty of photos and a good rating. There are a few watches $500-2000 I really like but I have a hard time justifying spending that much.

I have a small watch saving fund that auto draws every month. Then I can just wait until there is enough money there to buy something I want. I use the same system for many things. Like vacation fund, home improvement fund, savings fund etc.

Hey there! I get where you’re coming from. As an avid watch enthusiast myself, I used to struggle with setting a budget for my timepiece obsession. However, over time, I’ve realized the importance of financial responsibility and setting boundaries. I’ve established a fixed budget of $500 per month for watch purchases. This amount allows me to indulge in my passion while ensuring I manage my finances wisely. I determined this budget by evaluating my income, expenses, and long-term financial goals. So far, it’s been working well for me, as it allows me to add new pieces to my collection without overspending or neglecting other financial priorities.

Also look at it like this. What amount can you personally put into crypto to where if you lost it all, from the date you lost it, after six months or a year from that point,, you wouldn't still be upset about it?

So basically what amount of money doesnt physically hurt you or make you feel pain and discomfort given six months to a year to come to terms with it being lost