Case study: Jennifer Byrne
Like a lot of people scarred by the financial storm that hit this country seven years ago, Jennifer says her family is careful about running up debts.
She and her husband David have a mortgage, but no other debts.
The couple has three children - Stephen (16), Ross (12) and Cian (8).
Saving money is important.
The Byrnes, who live in Portmarnock in North County Dublin, recently switched health-insurance policies from the VHI to Laya to reduce the cost.
The move saved almost €1,000 on the family premium by opting for Laya's Flex 175, and giving up the VHI's Nurses Plan Select.
The total cost is now just over €2,000, which includes free cover for two of the children. Mr Byrne works in the motor trade as technical manager for Mercedes.
And Mrs Byrne works part-time for her brother-in-law - who is also in the motor business.
They both drive Mercedes cars.
"It is a perk of the job, and it is just as well as I operate mum's taxi," Mrs Byrne jokes.
The cost of kitting out the children for the recent return to school hit the family hard.
"It is important to keep a lid on spending. We don't run up debts. It is still very frightening times for everyone," she says.
The Byrne family only take a holiday every second year.