There is no denying that a good watch can be the ultimate style statement. This is especially true for the professional man or woman. So, once you have reached a particular stage in your life, you may feel that it is time to invest in a quality timepiece that shows off your style.
Once you begin to look around at the various makes and models, you will realize that there is quite a bit of discrepancy here. These timepieces can range from affordable to the downright outrageous. Naturally, this will give you pause and ask the all-important question: “how much should I spend on my watch?”
Well, this answer isn’t as straightforward as you might expect. This is because there are several different factors at play here. Thus, if you want to gain a true understanding of how much you should part with for a timepiece, this is what you need to consider:
Weigh the Price Against Value
If you are prudent with your paycheck, it is easy to immediately write off an expensive timepiece as frivolous. Well, although you may be right, there is one thing you aren’t taking into consideration here – value.
Traditionally high-end watches have been exquisitely built. These timepieces aren’t just for show. In many cases, experts have spent a great deal of time agonizing over every element of the watch. This means that it works without a hitch and can continue to do so for decades, perhaps even more.
Once you have purchased a luxury timepiece, there is a good chance that you will not have to replace it in as long as you care for it properly. In this sense, isn’t it appropriate to spend more on a good watch?
Do You Want Variety?
Of course, there is a good chance that you earn an average salary. Due to this, if you do spend all your money on one good watch, you probably won’t have any more to spend on other makes and models. In short, you will be stuck wearing just one watch for quite a while.
Now, some people don’t mind this. They tend to have a rather singular sense of style and many of their outfits mirror each other. As such, they can get away with varying just one design for all occasions.
If you don’t fall into this category, however, it can be fairly tiresome to wear just one timepiece wherever you go. This is especially true since you probably have to attend a variety of events. And, you can’t pair jeans with a very expensive, classy watch either. Similarly, you can’t wear an everyday watch to an important event.
Therefore, if you are someone who appreciates switching up their style now on then, it doesn’t make sense to spend all your money on an expensive timepiece. Rather, you may want to buy several mid-range priced watches instead. This makes a lot more sense.
Make Your Dollar Count
You don’t always have to compromise on quality for price or vice versa. You can get the best of both worlds. This, of course, is by doing your research. There are now many online watch guides for you to select from.
Most of these target mid-range brands, allowing you to remain classy without overextending your budget. These guides review some of the top mid-range watches, giving you an idea of what features they have to offer. They will even compare similar options so that you know which one offers the best bang for your buck.
The benefit of checking out these guides is that you know exactly what you are paying for. As such, you can get the best possible value for the price tag. This cuts down on the risk of regret later on.
How Much Is the Watch Worth to You?
You may have had your eye on a particular luxury make and model for quite a while. You may have been dreaming about the watch for years. Under such circumstances, the price tag can seem rather unimportant.
And, to a certain extent, this could be true. If you want a particular watch, then it could be worth whatever it costs. After all, if it is significant to you, then you can surely justify the price involved. It is once again, a matter of value against cost. If you imagine that value is high to you, then the price is acceptable.
Stay Within Your Means
At the end of the day, you shouldn’t go bankrupt because you have spent too much on a watch. Surely, a timepiece can’t compare to other essentials just as rent, utilities, and transport. Due to this, you have to be mindful of how much you spend.
In the event that you have your mind set on a more expensive timepiece, though, you may want to consider financing your purchase. This gives you the opportunity to pay off a larger sum in smaller installments, over a certain period. As such, you shouldn’t feel the financial burden as much.
Before you take this route, there are a few things that you should do first. To begin with, save up as much as you can ahead of time. Then, you will have more money to put on the down payment. Overall, you will end up spending less on the watch as a result.
Also, read the fine print on the interest rate, late charges, and other terms that may be a part of your contract. Otherwise, you could end up incurring quite a bit in fees over this payback period.
This should give you an idea of how much you can afford to spend on a good watch. Sure, there is no set figure, but this is because the decision has to be entirely personal. As such, it depends on how much you can afford and what you are willing to spend, among other factors. Now, however, you will be one step closer to figuring out what the perfect price for you will be.