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24 May 2019, 03:55 AM | #1 |
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Location: US
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Is there a rule of thumb on..
Saw this article below earlier this morning, and I am curious “How about watches?” Is there a rule of thumb for you guys of what percentage of your salary should you spend on Rolex or other brand watches in a calendar year?
How do you determine your yearly budget on watches? “Some experts recommend that car-buyers follow the 36% rule associated with the debt-to-income ratio (DTI). Your DTI represents the percentage of your monthly gross income that’s used to pay off debts. According to the 36% rule, it isn’t wise to spend more than 36% of your income on loan payments, including car payments.” |
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