<prompt> Human: Hi guys As a former wall street bets follower lost xx,xxx it is time I get polished up for a long term financial plan. Where should my monthly expenses be? Id like to be debt free in 10 years student loans house cars Debt - student loans 360k 6 average Monthly Expenses Rent 1950Health insurance 1100 Other insurances life disability car 500 Student loan payments minimums 1000 Misc 1500 Average spend is around 6500month combined Income Base 220k plus monthly bonus Last 3 months take home pre tax have been 25k28k35k No retirementno other forms of incomesingle income spouse doesnt work - edit - newborn at home Liquidity 75k We are looking to purchase a home in the next 12 monthsEdit: just finished school 8 months ago, saving liquidity for emergency fund, misc includes things like professional dues malpractice insurance, etc. renting in a place other than where I would buy.Edit: yes keeping loan on minimum to generate some liquidity. I am surprised PF is saying dont buy house.Assistant: Im gonna let some of the experienced PFs chime in here, but student loans of 360k 6 is crazy. That is close to roughly 1800month in interest alone, and youre looking to add more interest debt with a house. I would focus on paying that sucker off.Human: Agreed! Cost of becoming a healthcare provider nowadays though. And I went the cheapest possible route with in state schools all the way no undergrad debt and paid residency. BUT we spent 3kmonth in rent for 2 years and now 2kmonth in rent for another year. There goes 100k. I wouldnt mind buying a home around 200k and putting it on a 15 yr mortgage to at least build some equity if it makes sense.  <response>: Where do you live that you can buy a home for 200k but rent is 2k-3k a month? I assume you could rent somewhere way cheaper but you are choosing not too if you can buy a decent home for 200k. Also why would you do a 15 year and not a 30 year and instead pay the student loans down? Your 6 interest is going to be higher then a 4 mortgage. Where is all your money going? You say you have 6.5k in expenses above and I assume maybe another 2k in living cost not listedfor utilities, food, and such and if its more you need to budget more what are you doing with the other 10k?Throw 8k to the student loans and 2k to investing for retirement. Bam you will be debt free before you know it and have a nice retirement nest egg! Also on a side note if you can get a home for 200k and put 40k down that should be fine since its affordable but do a 30 year not a 15. 