Would like to purchase a car but wondering if $700 a month is too much in my situation, have never paid over $470, but after crunching some numbers it seems to be ok...alright here goes and oh yeah this is dual income with the fiancée.
After paying for:
Mortgage (new build, therefore I assume nothing will go wrong right now)
I have leftover $1250 and she has $900... we do want kids but probably in a couple years. I'm 29 and she's 26. The house we purchased is a good size, so we have no problem raising a family and staying there till paid off. We are going to put money aside for a rainy day, but that's where the 'is $700 too much?'
Would like some recommendation and/or opinions...thanks!!