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Benzinga
Benzinga
Business
Marc Guberti

At 27 With $12K In Debt, Should You Buy A Home Or Pay Debt Off First?

Reddit United States
Reddit on iPhone

Should you pay off debt or prioritize buying a house? A 27-year-old Canadian recently asked that question on Reddit (NYSE:RDDT) while detailing their situation. 

The individual has 1,500 Canadian dollars ($1,084) in savings and CA$11,000 in credit card debt at 12% APR. The 27-year-old also has a CA$4,000 car loan at 7.99% APR and CA$1,500 in monthly expenses. The monthly take-home is CA$3,300 after taxes.

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