Hi mamajama - were you wondering how much spending money to take? Depends on what the kids get up to (banana boats, jetski, ice lollies etc) and if you like a few drinks of an evening (or of an afternoon!), and how many days out/trips you do.
In our two weeks last year we had a bill of about £400 at LW for 2 adults and two kids (13 and 5). I don't think we skrimped on ice lollies, pringles, cokes etc out of "mealtimes". Me and hubs both enjoy a few drinks

and although lots of people say the bar prices at LW are high I don't think they're that bad, although I probably drank more beer than I normally would, as opposed to my preferred, and more expensive, bacardi and coke. But to be honest we both drank rather more wine with lunch and dinner than we normally would ... because it was included!
On the couple of days we went out and about we probably spent about £150 (maybe a bit more - I'll check with hubs!) including taxis, lunch, sunbeds, stuff in the shops in Olu AND a lovely Oyster Rolex - genuine of course

)
And then, of course, on top of that was the paragliding ...
You can definitely do it cheaper if you have to though - duty free at the airport, making the most of the drinks included with lunch and dinner etc.
In the past we've spent more, all in, on a self catering holiday in Majorca.
anice