<prompt> Human: A little about me is that I got a job as a project manager at a general contracting company straight out of college making about 40k a year after taxes. I live with my parents currently, and I have been wanting to go and live on my own because I have to share a room with my brother. I have 1300 in CC debt, 1400 in Collection accounts, a 8700 car loan that I just got car is worth 12k, and about 40,000 in Student loans. I have hardly anything in savings but my parents say they will help me with the money to buy this airstream. My question is, should I continue living with my parents until I completely pay all my debt off and suck it up? I dont know if this is possible Or should I buy this 69 airstream and park it at my other parents place and renovate itlive in it?I would save a bunch of money not having to pay rent, but I have absolutely no experience in renovating anything, but, I have to start somewhere right? I have a lot of people that want to see me succeed and I think this is something that I am capable of, I just dont want to make a wrong decision that I will regret. If you have any questions, please ask. Thanks so much for your help.  <response>: You have 1,300 of credit card debt, 1,400 in past-due collections, and a 8,700 car loan. Even without any other expenses, thats 25 of your yearly income.Pay off your existing debts before signing up for new ones. 