Quoting Kiss Kiss Bang Bang:" yea exactly. You need to stack that money away and put it towards a good investment whether it be school, ... [snip!] ... as they made it and buy themselves a new convertible, designer purses etc. Nothing that would actually benefit their future."
I wouldn't buy myself a new car, I'd just put in toward fixing the one I've got (I LOVE my truck), and I'd buy SO a bike, cuz he needs one for his job (motorcycle instructor). Other than that, we'd probably still live about as frugally as we do now. I might give us a bit extra for date nights and stuff, but we wouldn't go crazy with the money, for sure. We'd be saving up to buy a house or some smurf.