<prompt> Human: Greetings,My wife and I make 100K annually before taxes. She is 29, I am 28. We are saving for the down payment on a home in 2 years. We pay 500 a month for rent. She has 30K in student loans. I have 8K in student loans. I have a Stafford and Perkins loan, so looking at 5-7 interest. We have saved 15K since August. Before that we got married, honeymooned, and killed all of our savings.I am looking at moving the 15K into an Ally CD, but the more I think about it...what good does 1.29 interest do for us if I am paying 5-7 interest on my loans still. She has slightly higher interest rate on her loans. But we dont have the money to pays her off. Should we pay mine off at least?I need help. Assistant: Pay off the 8k loan right now.Edit: How much house do you want to buy in 2 years, and what are the terms of your wifes loan? That could impact when you buy and what type of housing you want.Human: We are thinking a home at around 200K to 250K. . .Edit: And wifes loan is 6.2 graduate and professional stafford loanAssistant: I know you want a house, but since you guys are still young and your rent is 500month, Id attack the two loans first. Once they are gone, provided you dont have other debt, youll be able to save for a down payment in no time flat. Sacrificing the home ownership timeline a little now will set you up so much better down the road. Once you get into the home youre going to have so many expenses you didnt plan on -- property taxes, upgrades and other projects, services, etc.Human: I hadnt really considered tackling both loans in the next two years... Is there really not a path for us to make a down payment and still have student loan debt?The 500 rent is a limited time thing as we are care taking for family. We are completing the first of a 3 year arrangement. Our thinking is that when we have to move in 2 years we hope to go straight to a home we have made a down payment on. If that is not an option we are likely looking at between 1K and 1.5K a month for rent. Assistant: My wife and I make 100K annually before taxes.We pay 500 a month for rent.We have saved 15K since August.By my estimation, you should be bringing in around 5,500 per month.You have very low rent compared to your income.Youve only saved 15k since August. If thats 9 months worth of savings, thats 1,667 per month. Conceivably, you could be saving a lot more.You have 5000 left over after rent. Subtract 1,667 from that and youre looking at 3,333 being spent elsewhere.What are these other expenses that arent allowing you to free up more cash?At this point, you could pay off your 8k student loan and be left with 7k. If youre shooting for a 20 down payment on a 250k house, you only need to save 1800 per month over the course of 24 months. The rest you can throw at the loans.But the best way to do it is to attack the highest interest loans first. You said your loans ranged from 5-7 and your wifes is 6.2. So Im guessing you have multiple loans. Is that true for your wifes as well or is that a single loan? In any case, you could list out all the balances and interest rates on each loan?Human: Thank you for your response. Your numbers are about right on our savings. I made it our aim to save 1,400 a month since August. We then had a tax return that I added to savings also. Here are our major expenses:1,000 a month on groceries and dining out about 7030450 a month on loans 800 to retirement accounts this has changed for me as of last month, my new employer does not offer a retirement account202 a month average in vet expenses, boarding, and food for our rescue dog It is very possible for us to increase our monthly savings to 1,800. I was actually thinking about increasing it to 2,000...Ive just been at points in my life where I budget so much I struggle to have fun and Im constantly stressed about money...EDIT: typos  <response>: No judgement zone here, but the 1000mo for food, and the 200 for the dog are insane. I dont know the circumstances, but theres got to be a way to cut that down until that 38K is no longer over your head. I live in DC, which isnt cheap, and I love the booze as much as anyone, but that 1Kmo for food has to go down. Just try tightening the belt for a month, and see how it feels. Its easier than you think. Good luck! 