Home Savings into Bonds fund - Did I do the right thing?

I have been accumulating money in a savings account for a emergency/first home fund. After some thinking, I'm a bit further out from actually wanting to invest in a home, so I'm a little less worried about value fluctuation.

I had $30k in there and I just moved $20k of that into Vanguard LifeStrategy Income Fund(VASIX). I want to maintain a $10k emergency fund, and then extra cash I want to go into something that would keep up with inflation better yet still be fairly stable if my situation changes.

Did I do the right thing?