I think that's for sure how to do it! It's SO important to be debt free in the day we live in. There is such a focus on the next "thing" that's going to keep you in debt and never let you get out of the cycle. Props to you and Jamie for steering a better direction!
Finding a great balance like what you are envisioning is important. I would ultimately like to have such a strategy in the future, I just have to get a few things in place first but I am thankfully a lot closer to debt-free than many so that's a big step in the right direction!