Money in the bank is but digits on paper until you utilize it. People place value in different things, there's no right or wrong.
I, for one, would not spend $80 on a steak but I would happily drop $10,000 on a watch because it is of more value to me.
By the way if you decide you've made the wrong choice a week into your purchase, you can always sell it off - no harm done.
Do it!
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