As for myself, I have had a philosophy about buying watches for about a decade now: If I don’t have the money, I don’t buy. I have a very odd way of saving money for watches, as I haven’t gone into any sort of debt to buy a watch in all that time. It’s all basically paid for with cash – from a $10 joke Chinese watch on Amazon to a new Rolex.
So how have I done it? I have a hobby: Bowling. Seriously. I’m both a league bowler and also a tournament player, at least several times a year. If I make money at a tournament it goes to watches – it’s found money. If I get money back at the end of a league season – most times, it’s about a grand every summer – it goes to watches. Plus, I save a little money and stick it in a secondary account all the time. Not a fortune, but eventually pennies become dollars.
My watch hobby never, ever affects my household expenses, and I never go as much as a dollar in debt over it. My wife knows what my favorite gift is, too. So I’m usually covered. If I reach a point where I can’t afford new watches, I won’t buy new watches. At this juncture, I’m 99.9 percent happy with my collection and I’m just about set.
Until a new cash windfall hits me, that is. Then all bets are off.
“Jewelry isn’t really my thing, but I’ve always got my eye on people’s watches.” – Clive Owen