<prompt> Human: Hey pf I need some sound advice here. My SO and I need some advice about what to do with our income. I will try to eliminate bias by not saying which one of us feels either Way, but we disagree on what to do next.Deets: married for 2 months, together for 5 years before that. Moved to a bigger city in May 16, engaged in June and cash flowed a November wedding this year of about 15kincome a 80k working as a blackjack dealer b 30k as a hair stylist at a salon that pays hourly.both of us started these jobs recently last 18 months and this income is heavily reliant on tips. This figure could go - 10-12 next year.Assets - one 10 year old car, paid off, 3500Another car, loan of 12,750 with 3.5Student loans- 27,500 split between 3.4-6.8Cc debt of 3k planning to pay most of this off by JanuaryInvestments- 0.00 planning to change that in 2018 Age 25 26The question that started this all: we are renting a one bedroom apt with us and 2 small dogs. Its cozy, but at times we want more space. Wed like a yard for the dogs and another bedroom for sure. We pay 800 per month now and were deciding on what to do when our lease ends in October. This struck a very heated debate about whether to rent or buy.Pf, we need some advice. Are we throwing money away by renting and not buying? Do we have to have 20 down or can we get by with pmi? What do we need to do financially before we look at buying a house? What risk is there in buying before were out of debt?Thanks and Ill try to answer most of you.  <response>: You are nowhere close to being ready to buy, even if you didnt have I assume under the table tip jobs. You need to pay down your debt.Generally speaking, PMI is a rip off, and you shouldnt buy until you have 20 down. There are some exceptions, but youd need specifics on loans to compare.With 800 rent, I wouldnt even think about buying. One plumbing repair could cost three months rent easy. For you, that would mean more credit card debt. I would pay down the debt and get retirement going before I would prioritize a house. I would also have prioritized them over a wedding that cost 50 of your annual income. 