This is the Ramsey Call of the Day, part of the Ramsey Network.

Matt is in Pittsburgh.

Hey, Matt, welcome to the Ramsey show.

Hey, Dave, it's an honor to be speaking with you today.

You too.

What's up?

Well, I'm currently a 22-year-old college student.

I'll be graduating here in the next couple months, and I'm looking to get out of my renting

situation and purchase a home within the next year. I'm kind of lost on how to really save up

for it if I should be keeping all my income that I'm going to be having in cash, or if I should be investing it. all my like income that I'm going to be having

in cash or if I should be investing it and how much you recommend to put down on my first home

purchase. I'm just kind of looking for some guidance here. Cool. So what's your income, Matt? Well,

currently I don't have any, but I'll be starting a job in June that I'll be making

$70,000 in my first year plus $10K in stock, but I'm pretty sure I don't get paid that until

like a year, year and a half.

Okay.

And do you have any debt right now?

I have a good amount of savings and personal investments, but I do have $9,000 left on a car payment.

Okay, and that's all the debt.

That's all the debt.

So what's stopping you from paying off the car today and freeing up that payment?

Well, I was fortunate enough not to have to pay for my college because I got an

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