How much monthly disposable income would you spend on a watch?
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  1. #1
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    How much monthly disposable income would you spend on a watch?

    Hi,

    I have searched on this forum and found some threads on how much salary to spend on a watch but I think that the question was phrased wrongly as it really depends on how much disposable income a person has at the end of the month which was pointed out by others in these threads.

    I say this because if someone is earning 5K a month and then needs to pay 4900 on mortgage, car etc then this person maybe only able to save 100 or 2% of their salary.
    Compare this to a person earning 1000 a month but they have only 500 expenses then this person has the ability to spend a lot more (50% salary) on a watch even though their salary is significantly lower.

    So my question is, how much of your monthly disposable income do you think you would save to spend on a watch you really like? If you can save 100 every month and the dearest watch you have bought is 300 then it will be 3 times your monthly disposable income.

    The most I have spent to begin with is about 2.75 times my monthly disposable income.

    Anyone else?
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  2. #2
    Member *El Ocho 1*'s Avatar
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    Re: How much monthly disposable income would you spend on a watch?

    more than I should.........
    Perseus, igorRIJEKA and medaze like this.
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  3. #3
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    I don't really look at my discretionary spending as a multiple of income. My philosophy is if I have the cash on hand, and won't miss that cash then I can spend it on whatever I want.

    Generally after all my "fixed" expenses I have about 80% of my income to spend on whatever i want but it usually ends up in savings or the stock market.
    tsar likes this.
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  5. #4
    Member omeglycine's Avatar
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    Re: How much monthly disposable income would you spend on a watch?

    80%, with your very nice collection of timepieces?! I want to talk to your CPA! I'm paying WAY too much in tax ;)

  6. #5
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    Quote Originally Posted by omeglycine
    80%, with your very nice collection of timepieces?! I want to talk to your CPA! I'm paying WAY too much in tax ;)
    Compared to other members collections I consider mine on the lighter end. I only splurge on a few things like my watches, cars and house but otherwise live a pretty frugal life. I still bring a brown paper bag lunch to work with me to work, a habit i picked up in elementary school.
    Current Collection:

    IWC Pilot Saint Exupery edition power reserve

    Maurice Lacroix Pontos Chrono with Aligator Strap (who says you can't wear a Chrono with a Tux?)

    Tag Heuer Grand Carrera Calibre 17 with stainless bracelet (The Desk Diver)

    Casio G Shock AWG101-1A (The Beater/ Lazy Sunday watch)

    U-Boat Classico ref.5565

  7. #6
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    Re: How much monthly disposable income would you spend on a watch?

    This year I actually included a line in my month to month budget for watches lol.

    After savings and monthly commitments, I'm quite generous in leaving cash on hand for alcohol, dinners and going out in general. Anything left over from the social fund goes to a watch fund.

  8. #7
    Member portauto's Avatar
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    Re: How much monthly disposable income would you spend on a watch?

    I would refinance my home for the right watch.

    No, but seriously who has disposable income? I have two mortgages, two cars, a wife and a baby, the bank owns me, but I still find ways to put aside for vacations, clothing and hobbies. Its all relative to how soon my debt is paid off.

    Kindest Regards,
    Portauto
    Last edited by portauto; February 15th, 2012 at 19:32.
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  9. #8
    Moderator Public Forum John MS's Avatar
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    Re: How much monthly disposable income would you spend on a watch?

    I would not approach justifying spending (and possibly overspending) that way. Discretionary income available for luxuries should not only include household expenses but also money set aside for retirement, savings and investment. The luxury item should not be financed but purchased with current discretionary income per the above definition.
    T. Luron likes this.

  10. #9
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    Re: How much monthly disposable income would you spend on a watch?

    A member of the "If I have the money and won't miss it club" here. I tend to live pretty frugal day to day so I can afford nice things when I want them and have an emergency fund if I ever need it.

  11. #10
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    Re: How much monthly disposable income would you spend on a watch?

    Agree with John MS that the "toy" purchases should be separate from real world expenses.

    Keeps the quality of life and the wife in a much better place.

    However, if left unchecked, I could make the national debt look like milk money..........
    "Either he's dead or my watch has stopped"
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    Albert Einstein

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