5. Luxury. When I mean luxury, I do not actually mean it has to be expensive. But I say luxury because there are things that we do not need but still want to have or experience like traveling or eating at a good restaurant. I believe that even though we should be smart in finances this does not mean we have to completely deprive ourselves of enjoyment.
While spending on luxury we should also try to keep it within our means. A luxury that will have to cripple our investment portfolio is never worth it at all. Enjoyment is good same with travel but the impact is only but temporal. Personally I love enjoyment but it should be what I can afford at the moment.