<prompt> Human: Hi everyone, first time poster here. Have seen so much great advice on this subreddit and have decided Id like some.Id like to know the best way about going about expenses and savings for the next two years. Whether or not I should pay for things with loans? etc..etc.. Okay, so here is a snapshot of the situation.We are currently living with my parents and saving like animals. We have saved approximately 35,500 liquid, and have paid off 9000 of debt car etc since January last year. Since mid way through the year, we both got full time jobs and are on a combined wage 106k per year before tax. We want to keep saving like this for the next 2-3 months.We have a loan for a block of land 119k and are currently building a home on that block which will take that loan from 119k to around 400k in 4 months time 500 a week repayments. On completion of the build, we recieve a 15,000 in cash government grant. We expect that furniturefencinggardens is going to cost us that 15,000.We are getting married in April next year 14 months, and will be paying off things for the wedding over that period, not as a big chunk all at once. The wedding will cost us approximately 10k. After the wedding, we are going to backpacktravel around Europe, which will cost us around 15k 3-4 k for tickets alone from Australia. We will have enough holiday entitlements built up at this time to have the time off while still being paid.We then want to use the rest of the money to make moneyhave an emergency fund and not be living payday to payday wondering if we have enough to pay bills.So in summary:SavingsExpected Inflow 35,500 savings and still saving. 15,000 grant on house completion. 2000- 3000 Tax return in July. Any savings until house is done 3-4 more monthsExpenses 10,000 for Wedding not lump sum 15,000 for Eurotrip. 15,000 for Furniturehouse expenses 500 a week repayments starting in June.My question is this - What is our best course of action moving forward? Should we start spending for the wedding now to make sure the lump sum value is near 0 come April next year? Should we start some sort of interest account somewhere? What do we do to get a really nice foothold and grab life by the balls and not have to ever worry about being homeless.Thanks so much guys.  <response>: from 119k to around 400k in 4 months timeIm making this sound more harsh than it is, but this will be a mistake. An embarrassing one. So you make around 70-80 after tax combined. I dont think you can afford a 400k anything, a down payment would have to be 80k or 70k 350k that youre nowhere near. Financing a wedding is the cherry on top of a horrible financial decision. Not to mention, a loan for furniture? Furniture depreciates so much more than a sports car. Furniture will go from 15k down to 1k in the first year. Because furniture is so custom. Whats worse than blowing money on furniture is blowing money on it, that isnt even yours. Im assuming youre looking at 30 year mortgages. Discounting the savings and grant for house, making your mortgage 350k. Over 30 years, that turns into paying off a total of 595k. At 3.92. Or 531k at 3. You should consider a 20 year loan or 25 in order to save in the long run. If you cant afford 20, then no you cant afford this house. The biggest thing in order to live an easy life, is to live off of one salary and save the other. So youd have to live off of your 50 or 60k and save 100 of the other. Mortgage, cars, insurance, food, bills, the works. After moving, would you even have an emergency fund? Ive been in the real estate business to know this is a bad idea. Foreclosures happen to people that make 300k more than you. Because people do lose jobs. There are people that make a living off your foreclosures. An this is a textbook, bad-play. You should get a 200k house. And pay it off in 10-15 years. And redo the kitchen, floors, basement, garage, windows, trims, everything as youll have money to play. And money to take nice vacations twice a year. The signs: youre counting your tax return. You cant afford to pay for your wedding in cash. You both dont make enough, combined. The monthly payment on a 30 year mortgage for 350k is right around the max that is recommended based on your monthly income, after tax. Sure you will be approved for a 400k maybe even up to 600k house, but I promise you will foreclose if you dont have outside assistance. Would you even have 6-preferably 12 months saved outside of the PMI riddled down payment?We want to keep saving like this for the next 2-3 months.You should save like this for the next 2-3 years. Go for a 300k house max, and put 70k down on it. And do a 20 year mortgage. So that you can also help your children out for when they go to college. As Suzie Orman would say: DENIED! The young generation is very I want it and I want it now and it never works out. Youre living quite larger for your income and other plans. A loan on an Audi and Range Rover would be a less foolish decision. Dont sign on the house. Overall, 35k savings is good. Youre on the right track. Houses arent going anywhere, may as well make it easier. Congrats on the engagement. 