The conversation between human and AI assistant.
Should one clear credit card debt or shiuld give down payment for a first house?
I'm trying to figure out whether I should clear my credit card debt or put a down payment on a first house. What do you suggest I do?
That's a great question. Both options have their merits, but ultimately it depends on your financial situation and goals. If you want to become a homeowner and have the means to make a down payment, that could be a wise investment since property values tend to appreciate over time. However, if you have high-interest credit card debt, paying it off should be a priority since it can weigh you down financially and hurt your credit score. Have you considered talking to a financial planner to help you make the best decision?