in response to cashay... We also should visualize how we are going to pay for such items.
Many times, we get our luxury items 'by faith'. We get financing for such item. Then hard times hit or one is not able to keep up the payments.
Too me, I have always felt 'what good does it do me to get something,but cannot afford to keep it'. I know of people who get 'stuff', but lose it or its repossessed. I know of people who make a habit of this: get stuff,lose it, get again,lose it again.
In my mind, I have always thought 'how can I ever get ahead if one has to keep starting over'?
Its more important to me to get something & 'keep it'.
After coming to this realization, when I get a car I keep it now until it literally falls apart. I no longer believe in having car notes. I have found it better to own older vehicles & no notes than to have the latest style that the repo man will get. In the past, I used to have to have the latest sport vehicles. I had big notes. I payed them but it was a struggle. I had to sacrifice other things that I needed. I discovered while in my 20's having a nice car but with large car notes is not the way to go. For the last 13 or 14 years, no car note, no stress in this department.
Having wisdom will eliminate alot of repeat mistakes. It also saves from having to repeat the heartaches of a bad decision.
Our life is affected by the decisions we make.
Best wishes