Last edited: Dec 3, 2016 Each to their own as to how they spend their money but a few comments FWIW : - money is hard earned and easily lost and as mentioned before whilst now you feel bulletproof what happens if you lose your job when 52 and have 13 years to go on mortgage and just as kids are starting secondary school or college - cut expenditure. Simple as. The L'Oreal because I am worth it (or want it) attitude should be modified - save more and more again (you adjust your cashflows) - cut expenditure again. leave credit card at home or be strict on usage. Take out say 200 euro on a weekend and use that as your walking around money for lunch and discretionary spends. Try 175 every second week. Be surprised when you survive and actually you are not having a miserable time. - realistically look at your watch collection. Is it a vanity collection and do you really need it. If it was me I would sell them all and use funds more wisely to pay down debt. Holding them as a rainy day fund may not yield as much when needed if a fire sale is required. - you live in South Dublin in Blackrock and there is probably pressure to keep up appearances re house and car and lifestyle but try to avoid such pressures. You have your dream house. Congratulations. - pay down debt, pay down debt, pay down debt - cannot be over emphasised and whilst people may say debt is manageable, lower debt is even more manageable. - there may be unforeseen work required to the forever house - there may be nursing home costs for parents to be contributed towards - look at all your policies (life, PHI, SIC etc) and start with blank page - if starting now what would I take out and for how much ? Look at cover on your wife as you would need to hire a nanny if something happened to her. Boost your own life cover whilst you are younger and it is cheaper. Don't mix up life cover and mortgage cover. Mortgage cover may clear the loan but there would be no nest egg for your wife to recover with if something happened to you. - Think 10 years down the road, Be able to give yourself choices then as circumstances change. You may wish to downsize your own career and take a step back (for personal, health, family or other reasons) - kids are expensive and not expensive at same time. (says he who has 19 month old twin girls and like you has just bought his forever house!) as they want time with you which costs nothing As a CA I am surprised you need to ask for financial advise ! But given your love of lifestyle rather than trying to go cheap and get free advise on an internet forum, perhaps you should pay for and get professional advice. There are many people (including people on this forum who can advice you) and they are remunerated either by transparent fees or commission (which they should disclose and perhaps rebate a balance). Don't be your own worst client - if it was a business decision would you not seek professional advise ? The above is my morning ramble which may or may not be useful. ps did i mention cut expenditure and save more ?