Great!!
And also, congratulations for being out of debt :).
I'll warn you, once my saving rate became 35 % last year, a month of 20 % felt as a 'downer'. Now that my saving rate is 45-55.. a month of 35 might feel like a downer, LOL. And I can imagine you will feel that way if next month is 60 %..
Do you plan to retire within 8 years? :D You are well on your way!
Well I will have lots of life changes/expenses as I have a 8 month old baby and we would like to have a second child still. Also, eventually we will get our own house which will greatly reduce amount saved as I will have to pay the mortgage then.
My goal is to keep the mortgage payment anywhere between 800-950. That should allow to save a little bit of coin still, but eventually my wife will also return to work. Once this happens I think we should have learned enough to be able to save 90% or so of whatever she makes.
Thankfully I earn a decent wage, so I know we could "live good" even solo on my pay, but I really want to escalate it and live comfortably when we do retire.
and hahahaha @ the downer comment. I am sure you are 100% correct about that. I have my savings accounts set up in different strategy methods...
Direct Deposit automatically puts $1800/mo into the house savings, $100/month into kids account, $250/month into investing account, etc - I think that should help it remain consistent.