quote:
My situation. 25 married. Wife's a teacher income is around 43000. She's just starting so I don't know her exact monthly take home, but safe to say around 2500-2700. My take home varies greatly with overtime each month. My minimum take home per month is around 3800, but I can get to around 6000 a month. Safe average is around 4500.

Our debts
My student loans- 31,000 avg %= 5.8
Her student loans- 60,000 avg%= 6.1
My truck- 41,000 2.89%
Her car- 18,000 3%
Trailer home- 43,000 10%

My reason for starting this thread is the trailer home. I live on family land and plan on building a house next to the trailer in 5-8 years. So, I'm trying to make sure I'm correct in directing all of my extra money towards the trailer even though I'll be out of it in 5-8 years...

I would echo Hidden Flask recommendations to a T.

Just wanted to add something...you are correct that with your combined incomes you can fairly easily afford to service that debt. However, don't automatically dismiss all the posters here telling you to be careful with your debt load.

It's very easy to get in a habit of assuming life is static, and when curves come your way debt does nothing but add to the stress level. I know because I've been there. I was in my mid-20s with 2 cars, boat, and house added to 100k student loans. I could easily "afford" the payments, but when life happened it made some difficult decisions even more difficult as "how do I pay my monthly bills" had to enter the equation.

If you love the truck, keep it. Just factor in that it adds to the time/effort it will take you to reach your goal of the house in 5-8 years. You clearly have have a willingness to work overtime - use that opportunity to your advantage.

Good luck to you.