Pay off all our household debts, bills, etc.
Both of us (me and hubby) would pursue 4-year college degrees full time, and I would make sure our baby's college education is fully paid for. Heck, we might not have any money left over after that.
Buy a house; nothing huge, probably not even 2-story. Something just sized nicely enough for the three of us. In the country. With a nice fenced yard, plenty of trees, and maybe a beagle and a cat.
Buy a brand-new Honda Accord for myself, and get the hubby to purchase one nice new car of his choosing. Make sure the rest is safely saved and put away...then go into total seclusion.
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I won't be paying anyone else's debts but our own. I don't have any friends so I won't be spending any on them. One side of my family is rife with spats, quarrels, and decades-long grudges; the other side is rife with insurance scammers, thieves, and shady business dealers. I'm not on cozy terms with any of them; I have made my own way through life sans their help or support. I've always been a tightwad and a cheapskate; I wouldn't change my frugality.