<prompt> Human: Like the title says, I am wondering if we are ready to try and buy a house and also have some questions. Some more details: nbsp;Income: 75000 Car debt: 20000 2 cars Credit card debt: 5000 2 cards Parents: 1200 School loan: 4100 No payments until 92015 Savings: 0 Did have 1000 but ran into some emergencies nbsp;Bills Rent: 750 Utilities and internet: 150-200 Phone: 165 Babysitter: 450 Parents: 200 : Insurance: 200 School: 600 I pay for my school out of pocket Food: 300 Gas: 200 Credit card 1: 40 Credit card 2: 66 nbsp;My wife just graduated with her Bachelors. She has been in her job for almost a year and has since moved up to a newhigher position. I have been in my job for about 2 months. I am currently going to school for a bachelors in Cyber Security. I heard its best to save up 20 of the down payment first but I am not sure exactly why insurance?. Does it help for both of us to have our degrees or will that matter? Any words of advice before we try? After all our bills and personal things, we have about 500 extra every month.  <response>: You are not financially able to get a house. You do not have the savings necessary nor do you have the required job history. You should read the FAQ for guidance on how to get there. 