What's your philosophy on buying expensive items?

I was wondering this, because I've been wanting to buy a new expensive watch (€430) and a bracelet (€130). I haven't bought them yet, because of my own philosophy. <br><br>My philosophy is that I shouldn't buy expensive items, because I already have cheaper items which I can use instead of the expensive ones. If you were to buy a watch, it would be more expensive than the items I mentioned earlier, but let's just go with that example for convenience. <br><br>You would only buy an expensive watch, if you can afford it and if you don't already have a cheaper alternative to that item (which functions exactly the same way). If you already have a phone (free) that you can use to check the time AND if you already have a digital clock (€2) or a small digital alarm clock (€3) that you can use to check the time, then you would never have a reason to buy an expensive watch (€300) that you can use to check the time. <br><br>You already have cheaper alternatives to the expensive item, so you would never be able to afford it. And if you would still buy it, then you would be wasting your money because you already have a cheaper item that functions the same way as the expensive item. <br><br>It would only make sense to buy expensive items, if you don't already have any cheaper items to compare them to.