Spending dosh on a unnessary item

kangoora

I treated myself to a Rolex about 12 years ago, oyster submariner. It's probably still worth not much less than I paid for it. I did buy it 2nd hand but from a dealer and I've had it assessed/checked out. It's still lost money in real terms as it's not gained in value.

I've now got another quandary, I've got 2 sons and only one expensive watch and looking at doing my will in a few weeks.....

Selling the watch isn't really an option as I wanted a Rolex since I was in my early twenties and actually first heard of them.

Sorry, got diverted, I'd seriously consider looking at USA vendors asin my experience the £ to $ pricing seems to hold on designer watches

rach_k

I think it depends how much you have saved. If this is only your second month of saving, it would seem excessive to me to spend a whole month's savings on a watch. However, if you've been saving that amount every month for the last year or more, it doesn't seem like such a big deal.

lalman

Thank you for all your comments everyone - I really do appreciate them. Bowl head that is the site / all I used to source the omega at a lower price. As you said it's unworn, new from a vendor that has 100% approval...

Obviously I would want the paper work for it too.

It's not my second month of savings, but does constitute 8% of my yearly savings excluding my bonus. I don't drink or smoke... Like the most of you I don't waste money on non-essentials generally but maybe this is a one off item that I feel I want.
It's an unusual feeling as I don't get it often... I have a 5 year old car I'm happy with.. Etc.

It's a classic design for omega- I'm in my late 20s and some would say it's "old fashioned" "conventional" but it suits who I am lol

Im going to take the advice and think about it for a couple of weeks. If I still want it I might get it!

[Deleted User]

So did you buy it? Makes me want to get a smart watch now

Minrich

Buying the right watch is quite difficult as many date so quickly that you will kick yourself that you bought something for several thousand and its now out of fashion . Rolex sub mariners and the Omega Seamaster range are a good buy . As someone else said make sure that its an automatic rather than a quartz movement too . Servicing is quite expensive for some too , they need servicing like anything mechanical , Omega just did my Seamaster for £250 . Stick up a photo of what you have bought .
Finally an Omega for £2480 when it should be £3800 sounds iffy to me . I bought a fake about ten years ago (was about 70% of the proper price ) and it was a perfect copy and had seiko internals once it was taken to bits . Be careful , buy from a reputable jeweller and buy a new one with all the paperwork etc .

enthusiasticsaver

I have had Omega watches for near on 30 years now and think they are brilliant so I would say go ahead if you can afford it and presumably if that is just one month's savings I am assuming you can. I always think savings for savings sake is just a waste unless you have an aim in mind, ie holiday, house, car, pension or debt repayment. If that is your only £2480 in the world I would say no. I spent just over that on an Omega watch for my 50th birthday although partly it was a gift from hb and mum combined. Did not regret it and I reckon it will see me out except for new batteries every 4 or 5 years. Think of it as an investment

alanq

I recently treated myself to a new watch. £6.99 from ALDI. Looks fine, tells the time and I don't have to fret about losing it or being mugged for it!

Minrich

alanq wrote: »

I recently treated myself to a new watch. £6.99 from ALDI. Looks fine, tells the time and I don't have to fret about losing it or being mugged for it!

So you don't think buying yourself something nice that you can wear everyday is a good thing to do then !

alanq

I'll spend more money on something that does what I require better not on a brand name to impress others.

Minrich

If something does something better be assured you are paying a brand premium for it .