Driving in to this office today, I heard a Rolex commercial. It spoke of how wonderful the watch I and how happy you will make your loved one this holiday. The next line was how you can take 3 years to pay for the watch. Three years! If you have to make payments for a watch, you don’t need that watch. A Rolex, and every other item in that category are wants, not needs. Create a fund specifically for purchases of want items. When you have saved that cash, stop and ask yourself if you really want that item. If the answer is still yes, go buy it now that you can pay cash for it.