<prompt> Human: Hello! Ive come to this knowledgeable place to get some opinions on our current situationdilemmaMy partner 24M and myself 23F are seriously considering buying a house. Heres some background information on the both of usI inherited a sum of money last year from the death of my parent. Currently, I have 12k in a long term investment for my retirement and 40k in other shorter term investments invested with the intent to use for a house or whatever, etc. I am currently in my final year of my degree program Bachelor of Nursing with an expected graduationemployment date for Spring 2019. I have around 9,400 in student loans right now, but where I live I dont pay interest on them and dont need to start paying them back until 6 months after I graduateIncome wise, during the school year I dont work, but rather I work full-time during the summer and make around 10-12K, using this to pay for school and live off of during the school year. I also recently started receiving CPP Canadian Pension Plan death benefit that amounts to 244month while I am a student. I also currently have around 5k in my own regular savings.My partner is in his final semester of his degree Engineering and has already signed a contract for a job offer. His works part time currently 16hoursweek at the company already, slated to start full-time employment in May. Once he is working full-time, his salary before taxes will be roughly 64kyear. No student loans, but currently has a 20k student line of credit which is at 0 right now. Both of us have very good credit scores 800Weve sat down with a mortgage specialist at the bank and got pre-approved for 280k, this is with a 10 downpayment. Of course because my partner is not working quite yet, we might not get approved. But overall with our situation of my partner having a signed job contract and salary, and my own independent investments, the mortgage specialist we spoke with said we stand a good chance to get approved.We have found a house we are seriously considering buying. The house is brand now built in 2017 and listed for 269,900. 1000sq, 3 bedroom and 1.5 bathrooms. The house has everything we could mostly want for a first home and is in an ideal location for traveling to workschool. I expect that if we dont make an offer on the house this week, it will sell very soon after.My partner and I have been crunching the numbers over the past several days and feel conflicted about making a decision. Heres a breakdown of what our finances would look like if we bought the house.Of my 40,000 investment:Down payment at 10: 26,900Closing CostsLawyerFeesCMHC ETC: 5-6k this is at 2Total: 32,900Depending on how soon we were to move, wed also use the rest of this money to pay for the mortgage for 2-3 months until we start receiving higher steady income in May. We may also use some of this money to buy a few pieces of furnitureitems wed need for the house that we dont already have couch and small items.Our Estimated Costs- Monthly For 2 adults with 2 carsMortgage: 1182.50 Believe this is at 3.3 interest rateUtilities: 227.50Property Taxes: 250.00House insurance: 91.67Phone: 134.00Car payment: 294.00Car insurance: 250.00Gas: 279.50Groceries: 300.00Internet: 70.00Total: 3079.17Our Estimated Income- Monthly Combined AFTER taxesFebruary: 532.00March: 532.00April: 532.00Depends which month wed buy the housemove inMay: 2933.00June: 5866.15July: 5866.15August: 5866.15Leaving us with roughly 2786.00 in excess income for savingsemergency fundunexpected costs each monthThen I would go back to school, so wed be down to a single incomeSeptember - April: 3,733.33This would leave us with roughly 654.00 in excess income for savingsemergency fundunexpected costs each monthHere are some of our concerns:1 Buying a house before my partner starts full-time employment which 2-3 months away even though he has signed a contract. His probation period is only 1 month.2 We dont have much of an emergency fund at the moment, even though we are buying a brand new home obviously unexpected costs could happen with the home or cars both of them are relatively new and in good condition.3 Would our excessive income each month allow us to put away enough for emergenciesunexpected costsI will be graduating in Spring of 2019 with a very employable degree and will be making around 65kyear also when I land employment. Through Sept-April 201819 I can also obtain a part-time job to supplement our single income while I am still finishing up my last semester of school.It is clear that we wont have a lot of extra money, and thats okay for a short amount of time until I start employment full-time.I guess overall... with our monthly costs vs expenses are we going to be house poor?We are okay living frugally while we are on a single income but are we risking too much by buying a house?Consideration for Buying a House vs RentingIf we decided NOT to buy a house and rent, we wont be using any of my 40k investment. Renting a 2 bedroom 1 bathroom in our area would run roughly 1300month and we would have to pay utilities still and possibly pay for parking. The difference money wise is negligible 200-300 between what we would be paying if we bought a house or if we decided to rent. The main difference is obviously buying a house is a WAY bigger responsibility.I appreciate your time and suggestions! Let me know if theres any pertinent information Im leaving out.Thanks!!!  <response>: Yeah you need to wait. Get settled into your new jobs for a year or two and save, save, save. Then think about. 