<human>: Can you give me the gist of the text in a nutshell?

My wife just finished her masters degree and we want to look into buying a home. This is the budget I have hammered out so far. ( she hates finances and just talking about then stresses her out).

We make 89K a year gross. We net 58K a year. There is some wiggle room in that net number as I am uncertain how are tax return is going to look.

785$ rent.  

106$ student loans ( long term low interest). 

285-385$ car payment. The min is 285. We pay 100 a month straight to the principle
Every month. ( still 3 years away from paying it off). 

110$ insurance ( paid every 6 months but broken down by month here). 

235$ pets ( nothing for it. She refuses to budge on this matter). 

230$ utilities.  

150$ gas ( she has to commute to work). 

100$ restaurant fund. 

800$ personal allowance. ( we each get a 100$ every Friday. This pays for all extraneous personal expenses, entertainment, fast food, clothing, soda, basically if it's not on this list then it comes out of this fund.). 

350$ groceries also includes hygiene and the like. 

120$ cell phones. 

50$ professional upkeep. Costs of training upkeep required to keep certification.  

100$ miscellaneous flow through. ( oil changes, doctor visits etc) this money will just go into the Savings fund even though it is earmarked already). 

400$ credit card debt. We are paying way more than the min an will have this paid off in 5 months. However then new student loans come in at apx the same amount.
<bot>: we are 918$ apx in the black month to month and have no current savings. Is it feasible to attempt to purchase a home by August 2016 or should we wait until August 2017?