<prompt> Human: Here is my current situation. Im 21 and will be graduating university with a Bachelor of Commerce in Accounting and starting work within the federal government as a financial officer. Starting salary will be 52,000 and with my projected promotions I should be a manager by 30 and making about 105,000 by 35. I currently live at home and wanted some new opinions on the planning the next few years.Budget Income 67 take home - 2683 Car - 220 Insurance - 140 Gas - 200 Food - 300 Spending - 400 Cell Phone - 60AssetsLiabilities OSAP - 4000 4.5 LOC - 20,000 4 Emerald Visa - 3000 10 Cash - 10,000Basically, since interest rates are currently low Im torn between staying at home to pay off debts or taking the cash I have now to go and purchase a house with a friend. Everything would be split 5050 with one other buddy paying 500 a month for the third bedroom. Ive worked out that we would need about 20,000 total for down payment, closing costs, CMHC fees and small misc, things like curtains and paint etc.After all my monthly expenses, mortgage, insurance, utilities and misc., I should have 220 remaining before any rental income 250. Is this cutting it too close? I really want to move out but hate the idea of renting.  <response>: Im torn between staying at home to pay off debts or taking the cash I have now to go and purchase a house with a friend.Dont be torn. Buying a house with a friend is a disaster waiting to happen, and I would not do it under any circumstances. Stay at home, pay off your debt, and when you can afford to buy a place on your own, do it. 