We naturally noticed this Ferrari 458 Spider convertible with a retractable roof when we visited the Frankfurt Motor Show last month. We can only imagine pushing a car like this to the limit or pulling up to our girlfriend’s place with it. It was one of hundreds of beautiful new cars we saw at the show. Luxury and performance are things most of us value, and if you have the means to purchase these things you should enjoy them.

Yet you should approach these purchases with eyes wide open. Large purchases like cars and houses come with related expenses, and you need to take all of them into account in order to budget properly. The car above will likely require performance car insurance, while a car you restore might require modified car insurance if you add features like a more powerful engine. Houses can be money pits.

Regardless of your income level, everyone needs to budget properly. Think about how many rich athletes and rappers have blown through everything. If you’re smart with your money you can end up with a car of your dreams, or at least something cool that fits your budget. If we’ve learned anything the past several years, it’s that the luxury lifestyle can be fleeting.