<prompt> Human: My husband and I want to buy a house. Right now, we rent a nice house from my parents for dirt cheap. Its a ranch-style, 3 bedroom, 2 bath place in a nice and safe location. We currently pay 950 a month plus about 250 in utilities. We have 435 monthly in car payments and not too much credit card debit 1,000. Our greatest debt is our student loans. We have somewhere in the range of 140k in loans. I just started a new job and in about 6 months I will be making 105k salary. For the first 3 months of my job I make the equivalent of an 85k salary and the next 3 months 95k . He is a full time grad student but will graduate in May. He works part-time right now making conservative estimate maybe 11k. Once he graduates and gets a job he should be making AT LEAST 70k potentially significantly more as were in the same field and 105k is my entry pay for my first job. We have no idea where to start or what were doing. Currently in our savings we have about 10k. Only about 12k in investments. Im 29 and he is 27. We have a 1 year old daughter.  <response>: Id keep renting from your parents until youre both working, the credit card and cars are paid off, and youve saved up a 20 down payment and a few months emergency fund.Houses are money pits and with a young child you dont want to risk the financial stability of your family. It also sounds like you have an ideal situation right now renting from your parents. Take advantage of it and get all your fianaces in order before considering a house. 