<prompt> Human: So my wife 27F and I 28M have made some huge income jumps over the last year and Im looking for some basic advice. Last year we made about 110k before taxes. Living in the Midwest with two kids this was enough to pay our bills and save a little but things were still tight. This year my wife took a new job making a lot more and well make about 150k. We had an expensive year with multiple weddings including our own, as well as traveled quite a bit more. We saved more too and lives a little more loosely. The extra 40k made a good difference. Now I just accepted a new job that should put us around 185k in 2019. What I dont want to happen is lifestyle creep where we upgrade cars, house, and everything else until were back to things being tight again. I know we need to sit down and budget but its been such a huge jump that Im not really sure how much to save and honestly where to put it all. As In money market, cd, ira? I do plan on paying our cars off as quickly as I can and there are a few projects around the house Id like to get done as well. Also we would like to get a little bigger house in the next 2-5 years so we can have another kid or 2. I apologize for my financial ignorance but greatly appreciate any advice.  <response>: Cant offer much advice, but curious what career fields you and your wife are in. 