~~~How much will you on average spend on a watch? ~~~

[psee]

Better keep some funds away for a rainy day, because watches are not liquid should you have any unexpected expenses come in.

Agree wholeheartedly

[Daivaan]

Hi TS, how old are you? Do you have any commitments, like family, study.. bla bla?? Your saving purpose is to get this long desired time piece?

If you are young at 20+ and no commitments to take care of... Why not?

this is just a senario for all to share their views in regards to how much you would spend on a watch relative to savings had..
i am 20+ male, no commitment atm.. but like all Singaporean guys we need to save for future wedding expenses, studies upgrade etc..

[Daivaan]

seems most guys here prefer having cash in the bank

[wolfeyes1974]

this is just a senario for all to share their views in regards to how much you would spend on a watch relative to savings had..
i am 20+ male, no commitment atm.. but like all Singaporean guys we need to save for future wedding expenses, studies upgrade etc..

i'll get an explorer 2 and keep the rest of the moolah in the bank..

[Oceanklassik]

i'll get an explorer 2 and keep the rest of the moolah in the bank..

Black or white.. ?

[seiko.citizen]

both i mean; one watch, two dials

[shuseido]

this is just a senario for all to share their views in regards to how much you would spend on a watch relative to savings had..
i am 20+ male, no commitment atm.. but like all Singaporean guys we need to save for future wedding expenses, studies upgrade etc..

I see...

If i am at 20+ and no commitments. I will go for it.

If i am 30+ and only 10k in bank, I will keep it for raining days.

[Ian Limm]

I read in some self improvement book long time ago that you should always set aside 6months to 1 year of your monthly income for rainy days.
IMO that is very good and simple financial management.

here is how it works.for example:-

if you only need $1K to survive each month, then 10K is a lot and you can consider saving $6k to $7K and spending the rest to buy a watch.

if you need $5K to sustain yourself each month, then you are broke if you only have $10K, better save 10 times that amount (i.e $50K) before you consider buying a rolex.

it is all about how much you need to spend a month (your fixed costs) Versus your cash in hand.

[Daivaan]

Hmm.. Thanks for all input..
Wonder if any bro here has actually spent all his saving on one or multiple watch and left eating grass..

[Ballwatch]

In this case:

1. Save the $10k cash.
2. Buy on interest-free 24-month instalment.
3. Provided your monthly income is relatively stable & more than comfortable for the monthly instalment.

Make any sense?

[wolfeyes1974]

Black or white.. ?

always a fan of polar, bro....

[kadios]

Hmm.. Thanks for all input..
Wonder if any bro here has actually spent all his saving on one or multiple watch and left eating grass..

This remind me of my friends "and myself" when I was still studying in Secondary. We were "hooked" on branded shirts and jeans in the 90s, whatever income earned from p/t job during sch holidays and limited allowance, we just spurged on it. Then when we hang out at Orchard to "show off", we have to think for moments before buying a cup of coke from BK. Now that I look back, it seems pretty silly. Perhaps a Ocean Pacific T shirt would have been more appropriate than that Valentino or Armani T shirt.

I would say 20-25% of your liquid savings will be good. In the worse case scenario, even if you force sell your watch, at most you lose 20% of what you paid earlier, which probably amounts to 4-5% of your total liquid savings.

[Mille]

4 years back, i once spent 60% of my current savings on a watch....thats how crazy i am previously...

now, i will make sure its no more than 10%-15% of current savings

[KuchingKu]

Hmm.. Thanks for all input..
Wonder if any bro here has actually spent all his saving on one or multiple watch and left eating grass..

At some point in our lives, many people have done this. That's part of growing up. From an older, wiser, been-there-done-that point of view, better for this to happen earlier in life than later.

So, whenever I feel like doing this again, I will always remember the first time I did it and how miserable the experience was. Good lesson for life.

[pegasi]

At some point in our lives, many people have done this. That's part of growing up. From an older, wiser, been-there-done-that point of view, better for this to happen earlier in life than later.

So, whenever I feel like doing this again, I will always remember the first time I did it and how miserable the experience was. Good lesson for life.

Thanks for sharing this...I am currently very close to doing a show-hand