IC - I went back and looked at the numbers and realized that I misread the amount for your second job. I assumed that you were quoting a weekly salary like the other and didn't check. Sorry for any confusion.
Some here will probably disagree with me, but a moderate amount of debt is not necessarily a bad thing. Used correctly, debt allows us to buy things that we can't afford as a lump payment like cars or houses. Taking on a car loan shouldn't be too much of a burden if you're being smart about your other expenses and savings.
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