u/Fragrant_Session6186

Wondering what’s the best thing to focus on over the next 12 months!

Married couple, both 31 earning a combined income of about €6100 per month - both contributing into pension

Mortgage - €1340 ( this includes LTP and Home insurance)

Bills - We budget €350 per month but this fluctuates

Phones / Subs ect - €280

Loans - €16500 (2 cars totaling €810 per month)

Couch on 0% - €75 per month

Savings - €10,500 , we just got married in May and paid 30k cash for our wedding hence savings being lower …we put approx €200 into this a month

Hobbies - €400 per month

Petrol - €450 total but should reduce next month and WFH 2 days a week starts

“Fun Money” - this fluctuates but we give ourselves about €800 per month (€400 each)

Car tax / maintenance - €200

Food - €300 per month (we are strict enough with this)

The rest (about €1400) up until this month went to wedding savings and now it’ll be split between honeymoon and maybe loan payments??

Thought?

Myself and the wife were thinking of going over to friends in Aus for Christmas …however I’m not sure if it’s financially stupid?

Flights are looking to be about 6.5k return
Accom would be covered
Would need about 5k spending money apparently (will be doing a good few activity’s with the group over Xmas) so total would be 11.5k….which sounds like a crazy amount

Our financials
6k coming into house monthly
10k in emergency fund (can save 1.2k a month roughly)
15k loans (will be paid off in 12 months max, most likely sooner as selling one car in 4 weeks for 10kish)
House bought
No kids and none planned

Is this mental money to spend on a holiday??