<prompt> Human: So, I am around 30 years old and have a 200,000 income that I believe should be pretty reliable top company, unique and in-demand field, where if I get fired I will be able to find another job. I had my two kids young, and they are both elementary school age. I have 320,000 in student loan debt, and another 25,000 in credit card debt and 5,000 in an auto loan. I only have 20k in savings some huge medical bills depleted our savings.My wife and I really want a 350,000k home--just something enough to give our kids stability, as we have been bouncing around in random places for years. So, should I buy a home? Should I take a few months to pay off other debts? What should I do?Assistant: Your income is high, but your debt is higher your consumer debt is high, and with that much in student loans I cant imagine you have a good interest rate, and your savings are relatively low. If you take into account closing costs, you probably only have enough to put 5 down, maybe not even that much, and even that would deplete all your savings. Youre definitely not in any position to be buying a house now. You ought to pay down at least your credit card debts, and save quite a bit more money before you think about buying a house. I think a bigger issue is that youre living beyond your means, and thats something it would really be a good idea to fix before you make any big life changes.Human: Thanks for the advice! My wife and I had to live off credit cards and have been slow to pay them off due to medical expenses, but should we wait a year, we can pay them off and get to a 20 down payment. Is that enough?  <response>: 20 is definitely good. I know it goes without saying, but make sure you dont completely empty out your savings for the down payment. Things always come up with a new house that youll need money for. 