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1. Student loans are some of the cheapest money you will ever borrow, sounds like you get that, so leverage it.
2. If you think you will be tight on this, grab some extra work, There are money making opportunities all over. consider doing that before you buy. The American Dream TV edition (Two cars, a 350k House and 4 weeks of vacation) isn't guaranteed to everyone the minute they turn 18. Its available to you if you work hard. As a single individual you can conservatively add $200-$500 monthly income and cover much or all of your payment. I don't know your school background, But lets assume its a translatable skill-set that affords you second job opportunities.
3. DON'T HAVE KIDS. They are not cost effective.
4. Buy the car.
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