7. An ATV.
Similarly, ATVs, dirt bikes, and other big toys should only be purchased once enough money has been saved up to pay-in-full for the purchase.
It can be difficult to wait patiently for something that you really want, but it can be amazing how much more enjoyable something is when you save up for it.
Furthermore, while a $5 spontaneous purchase may have little effect on your finances, a $5,000 purchase certainly can. By saving up for a large purchase, you don’t make it until you are absolutely confident that the purchase is the right decision.