He said he'd always wanted one. Yes, they are lovely. However, a simple wrist watch accomplishes the same task of telling you the time. If we had a LOT of money, then we would have perhaps purchased one. With our finances, it would be an unaffordable luxury.
All families are different.
Some have one television, some have half a dozen. Same have many computers and cars. We all spend our money in different ways. Some people have to have the latest- whatever it is. Their clothes must be new, they consider their furniture old in 5 years, they replace their cars often.