<prompt> Human: Hello rpersonalfinance,I am coming to you with some much needed help on what every new college grad does as soon as they get a job: Buy a new car.Here is my situation:I just graduated college in December 2013 with an Electrical Engineering degree. I borrowed government loans to pay for college and now am 130k in debt. I am living at home so I have no rent expenses. I have been working in Texas in oil and gas for the past 6 months at my new job with a salary of 65k pre-tax. After tax my finances come down to 3800 per month. Here is how I am allocating my monthly income:-1300 goes to my student loans I am on a 120 month repayment plan. My debt consists of 10 different loans with the interest averaging around 7. 3 being the lowest and 8.25 being the highest.-1000 goes to my parents to help them out with bills I am helping them out with their finances as they are old and dont make that much money-300 for food, gas, and entertainment-500 for savings-140 for the phone bill I pay for the 5 person family plan.This adds up to 3240 for my monthly expenses and savings leaving me with an extra 560 free every month.My eventual goal is to save up money over the next year to start investing in stocks. And while I am saving, I will be learning about investing over that year.My question is: Am I allocating and prioritizing my finances and expenses smart enough to purchase a used car that costs 23,000? For the new car I am looking to put 0-1000 down and around a 300-350 per month car payment over 5-6 years. I am terrible with managing my money so please, any advice for this new college grad would be awesome. Thanks.  <response>: 1. A used car for 23k is expensive. Find something cheaper.2. Pay your parents less to live at home. The whole point of living at home is to save money.3. Your phone bill is quite high. Go with a lower plan.4. If your employer offers matching contributions, contribute to your 401k.5. Focus on paying off the higher-interest loans first. 